David B. Chalmers Jr.
David Bay Chalmers Jr. | |
|---|---|
| Born | September 8, 1953 |
| Occupation | Businessman |
| Known for | Proprietor of Bayoil U.S.A. Inc; conviction for conspiracy to commit wire fraud related to Oil-for-Food Program |
David Bay Chalmers Jr. (born September 8, 1953) was the proprietor of the Houston, Texas-based oil refining enterprise Bayoil U.S.A. Inc, which operated a subsidiary named Bayoil Supply and Trading Ltd. located in the Bahamas. Throughout the 1990s and into the early 2000s, Bayoil engaged extensively in oil transactions with the Iraqi government. In connection with the 2004 Oil-for-Food Program Hearings, Bayoil underwent investigation, resulting in Chalmers being found guilty of conspiracy to execute wire fraud. He was sentenced to two years in prison.
Chalmers descended from a notable family; his great-uncle, Charles Ulrick Bay (1888–1955), established Bay Petroleum in 1937 and later held significant roles as an intelligence officer within the Office of Strategic Services and as an ambassador to Norway. His father, David Bay Chalmers Sr., was an influential figure in oil trading who founded Coral Petroleum, a company that declared bankruptcy protection in 1983. An important connection includes Ben R. Pollner, founder of Taurus Petroleum, who was formerly employed by Coral Petroleum.
External links
- Photograph, David J. Phillip, Associated Press
