skippy the bush kangaroo: the black sheep of the koch family

Sunday, February 27, 2011

the black sheep of the koch family

came clean years ago.

60 minutes. november 27, 2000. "blood and oil"

this is the story of a blood feud, a battle between brothers. as we told you when we first reported this story last november, the koch family of wichita, kansas is among the richest in the united states, worth billions of dollars. their oil company, koch industries, is bigger than Intel, dupont or prudential Insurance, and they own it lock stock and barrel. the trouble is a former employee says the brother who controls the company grew rich through fraud and theft, stealing from the taxpayers of the united states.

unfortunately, for koch industries, that disgruntled former employee was bill koch, one of the koch brothers. blood and oil has destroyed more than one american family. the question is: was bill koch a renegade out to ruin his brother, or did koch industries really operate the way he says? scott pelley reports.

koch says that koch industries engaged in "(o)rganized crime. and management driven from the top down."

"it was – was my family company. i was out of it," he says. "but that’s what appalled me so much... i did not want my family, my legacy, my father’s legacy to be based upon organized crime."

Labels: cbs, corruption, criminal, koch, liars, true crime, wisconsin