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April 18, 1989 | PAUL HOUSTON, Times Staff Writer
Raising new questions about House Speaker Jim Wright's finances, the House Ethics Committee said Monday that it is investigating a previously undisclosed oil deal that enabled the Texas Democrat to turn a $210,000 profit on a $58,000 investment. The ethics panel indicated that it wants to determine whether Wright knew about the 1988 deal--his holdings were in a blind trust at the time--and whether the Texas firm involved in the transaction with Wright's business partner, George A. Mallick Jr., had a direct interest in legislation before Congress.
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NEWS
April 18, 1989 | PAUL HOUSTON, Times Staff Writer
Raising new questions about House Speaker Jim Wright's finances, the House Ethics Committee said Monday that it is investigating a previously undisclosed oil deal that enabled the Texas Democrat to turn a $210,000 profit on a $58,000 investment. The ethics panel indicated that it wants to determine whether Wright knew about the 1988 deal--his holdings were in a blind trust at the time--and whether the Texas firm involved in the transaction with Wright's business partner, George A. Mallick Jr., had a direct interest in legislation before Congress.
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NEWS
April 20, 1989
Texas businessmen involved in a petroleum deal that produced windfall profits for the blind trust of House Speaker Jim Wright (D-Tex.) also have been seeking to share in a $3-billion Air Force development program now being studied by Congress, The Times learned Wednesday. The businessmen's interest in the Air Force program--a massive package of contracts for developing the nation's next jet pilot training aircraft--raises new questions about a matter still under investigation by the House Ethics Committee.
NEWS
April 21, 1989
The lawyer handling House Speaker Jim Wright's blind trust said Thursday he "cannot imagine" that Wright had advance knowledge of a petroleum deal engineered by two friends that generated a windfall profit for the trust at a time it that faced several pressing debts. Ft. Worth attorney Thomas M. Law said in a telephone interview that he had known little about the 1988 transaction involving a Texas oil and gas well until the House Ethics Committee disclosed Monday that it is the subject of a continuing inquiry into Wright's finances.
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