David Bay Chalmers Jr. (born 8 September 1953)[1] was an owner of the oil refining company, Bayoil U.S.A. Inc, which operates out of Houston, Texas and a subsidiary, Bayoil Supply and Trading Ltd. in the Bahamas. The company was heavily involved in oil trading throughout the 1990s and early 2000s with the Iraqi government. In the 2004 Oil-for-Food Program Hearings, Bayoil was among the corporations investigated by the committee,[2] and its executive David Chalmers was convicted of conspiracy to commit wire fraud.[3] Chalmers was sentenced to two years in prison.[4]

Chalmers' great-uncle, Charles Ulrick Bay (1888–1955),[5] founded Bay Petroleum[6] in 1937,[7] later become a high-ranking intelligence official in the Office of Strategic Services, and later an ambassador to Norway.[1] Chalmers' father, David Bay Chalmers Sr., became a well-known oil trader through the creation of Coral Petroleum (which filed for bankruptcy protection in 1983).[1] Ben R. Pollner, who went on to found Taurus Petroleum, was one of his employees.[8]

References

  1. 1 2 3 Low-Profile Texas Oilman Draws Spotlight for Iraqi Deals, Simon Romero, The New York Times, 15 April 2005 (retrieved 10 September 2010)
  2. ↑ Levin to Release Report on Bayoil Diversions Archived 1 December 2008 at the Wayback Machine
  3. ↑ Texas Oil Executive and Two Corporations Sentenced Archived 5 October 2012 at the Wayback Machine
  4. ↑ "Houston Oil-for-Food trader gets 2 years". 8 March 2008.
  5. ↑ "The Bay and Paul Foundations". bayandpaulfoundations.org. Archived from the original on 26 August 2010. Retrieved 10 September 2010.
  6. ↑ "The Political Graveyard: Index to Politicians: Baxter-rebal to Bea".
  7. ↑ Scott, Quinta, Along Route 66, University of Oklahoma Press, 2000, p. 207, ISBN 978-0-8061-3250-1 (retrieved 10 September 2010 from Google Books)
  8. ↑ Bloomberg: "The Rich Boys" 17 July 2005


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