Jonathan Bush

Jonathan Bush
Born Jonathan James Bush
(1931-05-06) May 6, 1931
Greenwich, Connecticut, U.S.
Residence New Haven, Connecticut and North Haven, Maine
Alma mater Yale University
Occupation Banker
Political party Republican
Spouse(s) Josephine Colwell (Bradley) Bush
Children Jonathan S. Bush
Billy Bush
Parent(s) Prescott Sheldon Bush
Dorothy Walker Bush
Relatives George H. W. Bush (brother)
George W. Bush (nephew)
Jeb Bush (nephew)
See Bush family

Jonathan James Bush (born May 6, 1931) is an American banker.

Early life

Bush was born in Greenwich, Connecticut,[1] to Prescott Sheldon Bush, a politician, and Dorothy Walker Bush. He graduated from The Hotchkiss School and Yale University, where he was a member of Skull and Bones.[2]:145, 179 The fourth child in the family, he is the brother of Prescott "Pressy" Bush, Jr. (1922–2010), the 41st President of the United States George H. W. Bush (b. 1924), Nancy Bush Ellis (b. 1926), and William "Bucky" Bush (1938-2018). He is the uncle of the 43rd President George W. Bush. Like his brother George H. W. Bush, he was a member of Delta Kappa Epsilon fraternity at Yale.

Bush and his wife Josephine are the parents of former NBC entertainment reporter Billy Bush and health care executive Jonathan S. Bush.[3]

Career

As of 2013, Jonathan Bush is a Senior Officer at Fairfield, Bush & Co., an Investment Advisory Firm, with offices in New Canaan and New Haven, Connecticut, as well as Los Angeles, California.[4]

Jonathan Bush founded J. Bush & Co., which provided discreet banking services for the Washington, D.C., embassies of foreign governments for many years. In 1997, Riggs Bank bought J. Bush & Co. and made Bush CEO & President of Riggs Investment, a firm based in New Haven, Connecticut.

In the early 1980s, Jonathan Bush helped organize investors for George W. Bush's first oil venture, Arbusto Energy, later called Bush Explorations.

During the 2000 presidential campaign, Bush was a major contributor and fundraiser to his nephew's election and was named a "Bush Pioneer" for raising more than $100,000 for the campaign.[5]

Controversy

On May 15, 2004, The Washington Post published an article that said, "A political Web site written by a Democratic operative drew attention yesterday to the fact that President Bush's uncle, Jonathan J. Bush, is a top executive at Riggs Bank, which this week agreed to pay a record $25 million in civil fines for violations of law intended to thwart money laundering."[6]

The bank accounts under investigation may have been Saudi, though the article did not say so. It did, however, go on to say: "a source familiar with the multiple federal investigations of the bank's Saudi accounts and other embassy accounts say Jonathan Bush's investment advice unit has 'no relationship whatsoever' with any of the Riggs's Saudi accounts." Moreover, the newspaper quoted a spokesman for the Office of the Comptroller of the Currency as saying "any suggestion of political influence in the Riggs situation is 'preposterous.'"

In 1991, Bush was fined $30,000 in Massachusetts and several thousand dollars in Connecticut for violating registration laws governing securities sales. He was barred from securities brokerage with the general public in Massachusetts for one year.[7]

References

  1. ↑ Kurtz, Howard, "The First Brother", New York Magazine, October 8, 1990.
  2. ↑ Robbins, Alexandra (2002). Secrets of the Tomb: Skull and Bones, the Ivy League, and the Hidden Paths of Power. Boston: Little, Brown. ISBN 0-316-72091-7.
  3. ↑ "Billy Bush: Television Personality (1971–)". Biography.com (FYI / A&E Networks). Retrieved May 22, 2017.
  4. ↑ http://www.fairfieldbush.com
  5. ↑ "Page at americanprogress.org". Archived from the original on June 13, 2006. Retrieved 2005-01-05.
  6. ↑ "Web Site Cites Bush-Riggs Link". The Washington Post. May 15, 2004. Retrieved May 7, 2010.
  7. ↑ "Mass. Regulators Fine Stockbrokerage Owned by President Bush's Brother". Associated Press. July 26, 1991.
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