We are Family…..

WASHINGTON · One of President Bush’s uncles, William H.T. Bush, was among directors of a defense contractor who reaped $6 million from what federal regulators say was an illegal scheme by two executives to manipulate the timing of stock option grants, documents state.

The uncle, known as “Bucky,” is the youngest brother of the first President Bush and heads an investment firm. William H.T. Bush was an outside, nonexecutive director of Engineered Support Systems Inc., a defense contractor whose profits were bolstered because of the Iraq war.

St. Louis-based ESSI supplied equipment and electronics to the military. It was acquired last year by another defense contractor, DRS Technologies Inc. ESSI has been under investigation by federal prosecutors and the Securities and Exchange Commission concerning the alleged options backdating scheme.

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