The federal probe into the Pemex Zetas petro theft operation has coughed up the name of one of Karl Rove’s White House Advance team–Josh Crescenzi, Vice President of Operations at Houston-based Continental Fuels Inc.
Before landing at Continental, Crescenzi was Vice President at Worldwide Strategy Energy, headed by fellow Rove campaign operator and former Homeland Security advisor to the Bush White House, Stephen Payne–a major fundraiser for the George W. Bush Presidential Library at SMU in Ft. Worth.
Further background on Payne, Worldwide Strategy and Crescenzi archived atTPMMuckraker.
Continental Fuels is one of several Texas companies implicated in the petro theft operation. The Zetas and their accomplices inside Pemex and in Texas used 149 bank accounts to launder $46 million netted in the enterprise. Several months ago ICE agents seized a little over $40,000 from a Continental Fuel bank account, along with more than $100,00 from the account of Valley Fuels., Ltd. in San Antonio and the $2 million out of Trammo Petroleum in Houston– cash netted from transactions of Los Zetas-controlled shipments of condensate oil siphoned from Pemex pipelines. See Guillermo Contreras’ story at the San Antonio Express News.
As the Zetas were using forged documents to move the stolen condensate across the border and into the Texas oil stream, it may be that the companies involved hadn’t clue where the product was coming from.
According to federal officials, more asset seizures and indictments are likely on the Texas side of Rio Bravo/Grande.
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August 15, 2009 at 7:55 am
[...] currently under investigation in the Pemex Zetas scandal, where former Bush campaign insider Josh Crescenzi serves as vice [...]