Jonathan Bush
| Jonathan Bush | |
|---|---|
| Born |
Jonathan James Bush May 6, 1931 Greenwich, Connecticut |
| Residence | New Haven, Connecticut and North Haven, Maine |
| Alma mater | Yale University |
| Occupation | Banker |
| Spouse(s) | Josephine (Bradley) Bush |
| Children |
Jonathan S. Bush Billy Bush |
| Parent(s) |
Prescott Sheldon Bush Dorothy Walker Bush |
| Relatives |
George H. W. Bush (brother) George W. Bush (nephew) Jeb Bush (nephew) |
Jonathan James Bush (born May 6, 1931) is an American banker.
Education and family
Bush was born in Greenwich, Connecticut,[1] to Prescott Sheldon Bush, a politician, and Dorothy Walker Bush. He graduated from The Hotchkiss School and Yale University, where he was a member of Skull and Bones.[2]:145, 179 The fourth child in the family, he is the brother of Prescott "Pressy" Bush, Jr. (1922–2010), the 41st President of the United States George H. W. Bush (b. 1924), Nancy Bush Ellis (b. 1926), and William "Bucky" Bush (b. 1938). He is the uncle of the 43rd President George W. Bush.
Bush is the father of former NBC entertainment reporter Billy Bush and health care executive Jonathan S. Bush, and he resides in New Haven, Connecticut, and North Haven, Maine, with his wife, Josephine (Bradley) Bush.
Career
As of 2013, Jonathan Bush is a Senior Officer at Fairfield, Bush & Co., an Investment Advisory Firm, with offices in New Canaan and New Haven, Connecticut, as well as Los Angeles, California.[3]
Jonathan Bush founded J. Bush & Co., which provided discreet banking services for the Washington, D.C., embassies of foreign governments for many years. In 1997, Riggs Bank bought J. Bush & Co. and made Bush CEO & President of Riggs Investment, a firm based in New Haven, Connecticut.
In the early 1980s, Jonathan Bush helped organize investors for George W. Bush's first oil venture, Arbusto, later called Bush Explorations.
During the 2000 presidential campaign, Bush was a major contributor and fundraiser to his nephew's election and was named a "Bush Pioneer" for raising more than $100,000 for the campaign.[4]
Controversy
On May 15, 2004, The Washington Post published an article that said, "A political Web site written by a Democratic operative drew attention yesterday to the fact that President Bush's uncle, Jonathan J. Bush, is a top executive at Riggs Bank, which this week agreed to pay a record $25 million in civil fines for violations of law intended to thwart money laundering."[5]
The bank accounts under investigation may have been Saudi, though the article did not say so. It did, however, go on to say: "a source familiar with the multiple federal investigations of the bank's Saudi accounts and other embassy accounts say Jonathan Bush's investment advice unit has 'no relationship whatsoever' with any of the Riggs's Saudi accounts." Moreover, the newspaper quoted a spokesman for the Office of the Comptroller of the Currency as saying "any suggestion of political influence in the Riggs situation is 'preposterous.'"
In 1991, Bush was fined $30,000 in Massachusetts and several thousand dollars in Connecticut for violating registration laws governing securities sales. He was barred from securities brokerage with the general public in Massachusetts for one year.[6]
References
- ↑ Kurtz, Howard, "The First Brother", New York Magazine, October 8, 1990.
- ↑ Robbins, Alexandra (2002). Secrets of the Tomb: Skull and Bones, the Ivy League, and the Hidden Paths of Power. Boston: Little, Brown. ISBN 0-316-72091-7.
- ↑ http://www.fairfieldbush.com
- ↑ Page at americanprogress.org at the Wayback Machine (archived June 13, 2006)
- ↑ "Web Site Cites Bush-Riggs Link". The Washington Post. May 15, 2004. Retrieved May 7, 2010.
- ↑ "Mass. Regulators Fine Stockbrokerage Owned by President Bush's Brother". Associated Press. July 26, 1991.