A Truthful Mind

New York-based visual artist Mark Lombardi spent his career tracing the intricate international webs that link world leaders and financial institutions with arms dealers, drug lords, and bagmen. Lombardi, who …

Above and the following three pages: George W. Bush, Harken Energy, and Jackson Stephens, ca. 1979–90 (5th Version) (1999) / Images courtesy of Independent Curators International, New York, and the Art Gallery of Ontario

New York-based visual artist Mark Lombardi spent his career tracing the intricate international webs that link world leaders and financial institutions with arms dealers, drug lords, and bagmen. Lombardi, who committed suicide at age forty-eight, eighteen months before 9/11, invented his own index card system for collecting thousands of facts from government publications, newspapers, TV, and the Internet. He would then reorganize these mountains of information into easily navigable, hand-drawn diagrams.

One such diagram outlined how Pope Paul VI and Sicilian financiers illegally divested millions of dollars worth of Vatican assets so that the Church could avoid filing tax returns. Another connected Ronald Reagan, George H. W. Bush, and Margaret Thatcher with arms sales to Iraq. In 1999, Lombardi blocked out his most prescient schemata: a chronicle of Bush and bin Laden family connections.

The diagram shown here follows George W. Bush Jr., Bush Sr., and Big Oil money. Lombardi picked up the trail in 1979, two years after Bush Jr., bought Arbusto Energy, later renamed Bush Exploration. Bush Exploration, in turn, was purchased in 1984 by a Yale classmate, William DeWitt Jr., and his partner, Mercer Reynolds, owners of Spectrum 7, an Ohio-based oil-exploration company.

Bush Jr. became ceo of Spectrum 7 and received 1.1 million shares in the company. Even though Spectrum 7 was cash-strapped, it was bought by Harken Energy Corp. and Bush became a board member, receiving $600,000 and over $2 million in stock options (all funds in US currency).

Harken, too, was in serious debt, but investment banker Jackson Stephens, whose family owns one of the largest brokerage firms in America, managed to engineer a $25-million stock purchase. That deal also included the board appointment of Sheikh Abdullah Taha Bakhsh, a Saudi investor with connections to bcci, the Karachi-based bank that was exposed as a front for drug smuggling and money laundering. Even though Harken had never drilled offshore, the company was awarded offshore drilling rights in oil-rich Bahrain.

In August 1990, Saddam Hussein invaded Kuwait and Harken’s stocks plummeted by 40 percent. Two weeks before the invasion, Bush had sold close to a million dollars worth of Harken shares at three times their original value. Bush was a member of the company’s audit committee prior to the sale of his stocks, and while he was suspected of insider trading, charges were never laid.

Lombardi also links the Bush and bin Laden families through James R. Bath, a former director of bcci, part owner of Arbusto Energy, and key financial advisor to Osama bin Laden’s father.

Curator Robert Hobbs, of Independent Curators International in New York, credits Lombardi’s “narrative structures” with being the first art to represent how nationalism has been superseded by globalism.

Mark Lombardi

Like What You’re Reading?

Fact-based journalism is our passion and your right.

We’re asking readers like you to support The Walrus so we can continue to lead the Canadian conversation.

With COVID-19, now more than ever The Walrus’ journalism, fact checking, and online events play a critical role in informing and connecting people. From public health to education to the economy, this pandemic presents an opportunity to change things for the better.

We feature Canadian voices and expertise on stories that travel beyond our shores, and we firmly believe that this reporting can change the world around us. The Walrus covers it all with originality, depth, and thoughtfulness, bringing diverse perspectives to bear on essential conversations while setting the highest bar for fact-checking and rigour.

None of this would be possible without you.

As a nonprofit, we work hard to keep our costs low and our team lean, but this is a model that requires individual support to pay our contributors fairly and maintain the strength of our independent coverage.
Donations of $20 or more will receive a charitable tax receipt.
Every contribution makes a difference.
Support The Walrus today. Thank you.