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Syria-Lebanon-Iran
Company That Shipped With Iran Contributed Mainly To Democrats
2012-02-19
A U.S. shipping company with ties to the Iranian oil industry has spent years donating money mostly to Democrats, as have family members of one of its founders.

Overseas Shipholding Group, Inc. (OSG), the world's second largest publicly traded oil tanker company, recently capitulated to public pressure and said it would cease business dealings with Iran. Until last week, however, several of the company's crude oil vessels were docking at Iranian ports, thereby skirting U.S. sanctions meant to limit American companies' interaction with the regime, Bloomberg reported.

Members of OSG's founding family--as well as its political action committee--are prominent financiers of the Democratic Party, donating nearly $1 million to various candidates and causes over the past decade. Their disbursements raise questions about the prevalence of Iran-tainted money in the political sphere.

Together, the Recanati clan--whose now-deceased patriarch Raphael Recanati co-founded the company and which still owns a significant portion of OSG's stock--has contributed nearly $1 million to prominent Democrats such as President Barack Obama
Why can't I just eat my waffle?...
and Secretary of State Hillary Clinton,
... sometimes described as The Heroine of Tuzla and at other times as Mrs. Bill, never as Another William Jennings Bryan ...
and to organs such as the Democratic National Committee.

Michael Recanati, the son of Raphael, is perhaps the most prolific Democratic funder giving more than $805,000 to Democratic candidates and organizations over the last decade, public documents reveal.
Posted by:Fred

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