William R. Kennedy, Jr. was a conservative activist involved in the Iran-Contra affair who was convicted of investment fraud in 1993.

Western Monetary Consultants Edit

Kennedy founded the Fort Collins, Colorado investment firm Western Monetary Consultants in 1979, seeking conservative donors to invest in gold and other precious metals. [1]

He targeted wealthy, older investors with conservative political and religious belief. And he paid out-of-work right-wing politicians top dollar to deliver speeches on geo-political topics. Speakers at the seminars would warn of the "imminent collapse of the global economy and the possibility that common currency and standard securities would become worthless," one lawyer for disgruntled investors said.

Kennedy's 1985 purchase of Conservative Digest gave him access to higher-profile politicians who "increased the star-quality of the speakers at WMC's seminars." [1]

Western Monetary Consultants filed for bankruptcy in 1988. [2]

In 1990, someone began sending warning letters to Kennedy's business prospects and the police agencies of the countries he was traveling to, leading to Kennedy being stopped and searched for drugs by U.S. and foreign border agents. Kennedy accused his legal assistant Keith Danley of being behind these events. [3]

On July 2, 1992, a grand jury charged Kennedy with mail and wire fraud, racketeering, and money laundering from 1984 through 1988. [4] Kennedy was convicted in September 1993. [2]

Kuwait lobbying Edit

Sam H. Zakhem, William R. Kennedy Jr., and Scott Stanley Jr. were hired by Kuwait to promote the 1990 Gulf War. [5]

The indictment says the three men received $7.7 million from the Government of Kuwait and spent about $2 million of it on public relations and advertising intended to generate support for military action against Iraq. The Justice Department says the men diverted the remaining money to their "personal and undisclosed profit."

... Mr. Zakhem and his associates used two "front groups," the Coalition for America at Risk and the Freedom Task Force...

Conservative Activism Edit

Grace Commission book Edit

In 1984, Kennedy co-authored the book A Taxpayer Survey of the Grace Commission which was endorsed by J. Peter Grace as a readable summary of his commission's 47-volume report with 21,000 pages of cost-cutting recommendations for the federal government. [6]

Conservative Digest Edit

Kennedy purchased the magazine Conservative Digest from its founder Richard Viguerie in 1985 and named James K. Dye as executive publisher and Scott Stanley, Jr. as editor-in-chief. Under the new ownership, the magazine adopted the trade dress of Readers' Digest. Readers' Digest sued Conservative Digest and was awarded $500 and court costs. [7]

Kennedy's ownership of the magazine game him access to the White House and the circle of people around George H. W. Bush and Oliver North.

Nicaraguan contras Edit

During the Iran-Contra affair, Kennedy used his investors' money to buy a helicopter for the Nicaraguan contras. [2]

Justice for Kennedy movement Edit

A group of fundamentalist Christians launched the Justice for Kennedy movement to demand that Kennedy be released from prison.

Members Edit

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  • Mark E. Souder (R-IN), Chairman, House Government Reform Subcommittee on Criminal Justice, Drug Policy, and Human Resources
  • Bill Armstrong, Retired U.S. Senator (R-CO)
  • Bob Seiple, U.S. Ambassador on Religious Freedom (President Bill Clinton apppointee)
  • Hank Brown, Retired U.S. Senator (R-CO)
  • John Duncan (R-TN)
  • Pat Griffin, former [Legislative Affairs Director] for President Bill Clinton
  • Walter Jones (R-NC), Member House Armed Services Committee
  • James Barcia (D-MI), now state senator, District 31, MI


  • Marlin Maddoux, host, Point of View/ USA Radio Network (nationally syndicated radio program)
  • Janet Parshall, host, Janet Parshall's America / Salem Radio Network (nationally syndicated radio program)




Other supporters Edit

Other activities Edit

Kennedy ran Kennedy Immigration Enterprises in 1991. The registered agent was Philip C. Bolles of San Diego. [9]

Relationships Edit

Chip Tatum assassin claim Edit

Chip Tatum claims to have been ordered to "take out" Kennedy. [10]

Scott Stanley, Jr. Edit

Ronald Miller identifies[11] Scott Stanley Jr., editor-in-chief of Conservative Digest under Kennedy, as Winfield Scott Stanley Jr., managing editor of the John Birch Society publication American Opinion in 1969 when it published a libelous article about Chicago attorney Elmer Gertz. [12]

Robert Korpi Edit

Robert Korpi was chairman of a creditors' commission of investors attempting to get their money back from Kennedy. [3]

John L. Romaker Edit

John L. Romaker of the law firm of Brown, McDonnell was William R. Kennedy's lawyer. In October 1990, Romaker left Brown, McDonnell and worked for Kennedy as his outside counsel until April 1991. [3]

According to his LinkedIn profile, in 1990-1992 Romaker engaged in "business litigation emphasizing insurance coverage, admiralty, maritime, and commercial law. Business transactions including international mergers and acquisitions." [13]

As of 2014, Romaker was general counsel to environmental services company GHG Trading Platforms dba evoEarth. [13]

Romaker had been legal officer and combat information center officer on the USS Leftwhich in the early 1980s. [13]

Brown, McDonnell Edit

In 1998, the law firm of Brown, McDonnell described itself as specializing as independent counsel for insurance companies accused of fraud. [14]

For more than a decade, Brown, McDonnell has specialized in a narrow, but frequently critical, area of law -- getting insurance companies both to agree to defend policyholders and appoint an independent attorney to protect their interests.

Philip C. Bolles Edit

Bolles was CFO of the Island Pacific software firm for one year in 2000-2007. His LinkedIn profile lists no business activity before that. [15]

Island Pacific Edit

Island Pacific is a software firm run by David Rosen and Jay Fisher and is owned by 3Q Holdings Limited, [16] an Australian holding company run by Shaun Rosen and Alan Treisman. [17] The Rosens and Clive Klugman founded Divergent Technologies in 1987. [18] 3Q also owns the AdvanceRetail brand.

Address matches Edit

The listed address for Philip Bowles at 402 W Broadway #400 in San Diego has also been used by:

  • Mar 15, 1991: United Communication Inc, the company of Dorothy S. Wells, registered agent Evan Zucker. [19] In 1994, federal police arrested James Norman Wells of Pacific Medical Clinics Management whose ex-wife Dorothy S. Wells "served as an officer of various corporations he controlled," including United Communication. Karin Lynn Norred was also charged in the case. [20] Wells had also been indicted in Texas for running a prostitution ring. [21]
  • Oct 11, 1995: Purna Chakra, Inc., the company of Mark E. Koons. Registered agent Irene Cockcroft.
  • Dec 21, 1995: Maverick Associates, a subsidiary of Career 2000, [22] the company of Elyse Bowers of Maverick Staffing Services [23]
  • May 16, 1996: Kiwi Enterprises Limited Partnership, filing status permanently revoked, registered agent Gkl Registered Agents/Filings of Carson City, Nevada. [24]
  • Aug 12, 1997: The Loan Ranger, the company of Thomas Monary [25]
  • Sep 15, 1997: Village Garden Management, the company of Gordon L. Austin, registered agent David Warren-Peters. [26]
  • Mar 29, 1999: San Diego Associates LLC, whose filing status is permanently revoked, and Lawyers Against Lawsuit Abuse. [27]
  • Sep 21, 2000: Kiwi Enterprises Limited Partnership, the company of Joseph Andrews. [28]
  • Dec 27, 2002: Ascervus Enterprises, license suspended, the company of Joseph Andrews. [29]
  • Jul 1, 2004: Banyan capital Partners, company contact Stephen G. Saunderson. Registered agent is Paracorp Incorporated of Sacramento, California. Principal address is 1802 N. Carson St. #212, Carson City, NV 89701, [30] a mailbox used by over 100 other companies [31]
  • Dec 8, 2004: L'Chaim Senior Living Group, registered agent Pinchas Elyaoue Guenniche, filing status suspended.
  • Apr 23, 2008: Collegiate Housing Solutions, subsidiary of Development Davies and EGCHSI LLC, registered through CT Corporation System [32]

References Edit

  1. 1.0 1.1 James Walsh, You Can't Cheat an Honest Man: How Ponzi Schemes and Pyramid Frauds Work, p.252-256
  2. 2.0 2.1 2.2 Investor Fraud Conviction, New York Times, 1993 September 22,
  3. 3.0 3.1 3.2 U.S. v. KENNEDY, No. CIV. A. 97-B-816, CR. A. 92-CR-227-B., U.S. District Court for the District of Colorado, 1998 November 2,
  4. United States of America v. William R. Kennedy, Jr., U.S. court of Appeals for the Tenth Circuit, 2000 September 20,
  5. Robert Pear, Ex-U.S. Diplomat is Indicted As a Pro-War Kuwaiti Agent, New York Times, 1992 July 8,
  6. Clarence Petersen, A Taxpayer Survey of the Grace Commission Report, by..., Chicago Tribune, April 28, 1985,
  7. Reader's Digest Association, Inc. v. Conservative Digest, Inc.,
  8. Bob Barr, The strange prosecution of Bill Kennedy, 2003,
  10. Robert Lori, interview with Gene Tatum, Conspiracy Nation, Vol. 8 Num. 64, 1996,
  12. Civil libertarian wins $400,000 in suit for libel, New York Times, 1981 April 23,
  13. 13.0 13.1 13.2 John Romaker, LinkedIn,
  14. Battle Over Independent Insurance Counsel Rule Continues, San Diego Daily Transcript, 1998,
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