Itera

This is the story of how his daughter's company, Solutions North America, or SNA for short, got its first ever contract, a giant Russian energy form known as Itera, that very same year, 2002.

CNN Transcript Oct 19, 2006 2006

In October, Itera ' s vice president, Alexander Berezikov , said the company is ready to offer up to 50% of shares to a strategic investor, and that talks are ongoing.

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Mr. Weldon was defeated in a November 2006 election, weeks after news broke that the FBI had conducted raids on six locations, including Itera offices and Karen Weldon's home and office.

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Itera, which has offices in Jacksonville, Fla., has sought to cultivate relationships with others in Congress and official Washington.

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Itera gave Mr. Weldon's daughter Karen a $500,000 lobbying contract.

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The Turkmen leader said the government would earmark $1 billion for the project, located not far from the Iranian border, while foreign companies including Russia's Itera and France's Bouygues have pledged to put in a further $4 billion.

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During that congressional trip to Moscow in May, Weldon meets with Itera management.

CNN Transcript Oct 19, 2006 2006

Then just two days after that on September 26, Congressman Weldon goes to the House floor gushing about the dinner, delivering a speech praising Itera and its CEO, calling it one of the rising companies in Russia.

CNN Transcript Oct 19, 2006 2006

Itera declined comment, except to say it's cooperating with the investigation.

CNN Transcript Oct 19, 2006 2006

On Jan. 25, 2003, Weldon traveled from Philadelphia to Jacksonville at the expense of Itera, according to a disclosure Weldon made to Congress.

Think Progress » Rep. Curt Weldon (R-PA) is now blaming 2006