DynCorp plans IPO

[Say_What]

Murder and mayhem going public...

<clips>

DynCorp International, the U.S. Department of State’s main contractor in the spraying of South America’s coca fields, filed with the Securities and Exchange Commission last month to sell $450 million worth of stock in an initial public offering.

According to the SEC filing, Dyncorp intends to use the proceeds from the offering to pay some debt and to reward unnamed insiders with a special $100 million dividend.

Listed among the directors of the company is retired U.S. Army general Barry McCaffrey who was SOUTHCOM’s commander from 1994 to 1996 and President Clinton’s anti-drug czar from 1996 to 2001.

Currently, DynCorp is owned by Veritas Capital, a private equity firm that specializes in the acquisition of defense companies.

Until February DynCorp had been owned by Computer Sciences Corporation, which acquired the company in 2003. CSC sold DynCorp to Veritas for $850 million.

http://narcosphere.narconews.com/story/2005/10/23/3107/2013

[smirkymonkey]

1. DynCorp - Bringing Child Prostitutes to a Neighborhood Near You.

http://www.insightmag.com/main.cfm/include/detail/storyid/163052.html

DynCorp Disgrace
Posted Jan. 14, 2002
By Kelly Patricia O Meara


Americans were seen in Bosnia as defenders of the children, as shown here, until U.S. contractors began buying children as personal sex slaves.


"Middle-aged men having sex with 12- to 15-year-olds was too much for Ben Johnston, a hulking 6-foot-5-inch Texan, and more than a year ago he blew the whistle on his employer, DynCorp, a U.S. contracting company doing business in Bosnia.

(snip)

Rather than acknowledge and reward Johnston's effort to get this behavior stopped, DynCorp fired him, forcing him into protective custody by the U.S. Army Criminal Investigation Division (CID) until the investigators could get him safely out of Kosovo and returned to the United States. That departure from the war-torn country was a far cry from what Johnston imagined a year earlier when he arrived in Bosnia to begin a three-year U.S. Air Force contract with DynCorp as an aircraft-maintenance technician for Apache and Blackhawk helicopters.

(snip)

The mix of drunkenness and working on multimillion-dollar aircraft upon which the lives of U.S. military personnel depended was a serious enough issue, but Johnston drew the line when it came to buying young girls and women as sex slaves. "I heard talk about the prostitution right away, but it took some time before I understood that they were buying these girls. I'd tell them that it was wrong and that it was no different than slavery — that you can't buy women. But they'd buy the women's passports and they owned them and would sell them to each other."

"None of the girls," continues Johnston, "were from Bosnia. They were from Russia, Romania and other places, and they were imported in by DynCorp and the Serbian mafia. These guys would say 'I gotta go to Serbia this weekend to pick up three girls.' They talk about it and brag about how much they pay for them — usually between $600 and $800. In fact, there was this one guy who had to be 60 years old who had a girl who couldn't have been 14. DynCorp leadership was 100 percent in bed with the mafia over there. I didn't get any results from talking to DynCorp officials, so I went to Army CID and I drove around with them, pointing out everyone's houses who owned women and weapons."

[Say_What]

2. Dyncorp = Mercenaries R us

<clip>

Scandal-hit US firm wins key contracts

A US military contractor accused of human rights violations has won a multi-million-dollar contract to police post-Saddam Iraq, The Observer can reveal.

DynCorp, which has donated more than £100,000 to the Republican Party, began recruiting for a private police force in Iraq last week on behalf of the US State Department.

The awarding of such a sensitive contract to DynCorp has caused consternation in some circles over the company's policing record. A British employment tribunal recently forced DynCorp to pay £110,000 in compensation to a UN police officer it unfairly sacked in Bosnia for whistleblowing on DynCorp colleagues involved in an illegal sex ring.

An Observer reporter who contacted the firm's US headquarters purporting to be a potential police recruit for Iraq was told it was hoping to 'get people on the ground in two to four weeks'. The recruiter told the reporter he could expect a salary of $80,000plus 'hazard bonuses'. He was offered a contract of between three months and a year and told he did not need to be able to speak Arabic. He had to be a US citizen who had served as a police officer in America, and when the reporter said he had worked in Texas for a number of years he was told he sounded 'ideal'.

http://observer.guardian.co.uk/international/story/0,6903,935689,00.html