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Commercialization

Walt Anderson's FINDS Disappears – almost

By Keith Cowing
NASA Watch
April 18, 2005

$200,000,000 – Telecom Tycoon Used International Financial Labyrinth, Washington Post

“According to SEC filings, Anderson later struck a deal for Feldman to resign as chairman, offering Feldman and his father a way to liquidate hundreds of thousands of Total-Tel shares at far more than the going price. The deal, signed on a day the stock closed at $12.25 a share, obligated Anderson or one of his companies to buy stock from the Feldmans for $16 a share. But before long, the deal was amended to involve another party: the Foundation for the International Non-Governmental Development of Space, a tax-exempt charitable foundation that Anderson created and presided over.”

FINDS website – now mysteriously offline
– FINDS website as it appeared on 21 October 2004
– FINDS information at the Foundation Center (includes links to 2001, 2002, and 2003 IRS filings)

NASA Watch founder, Explorers Club Fellow, ex-NASA, Away Teams, Journalist, Space & Astrobiology, Lapsed climber.