David Bay Chalmers Jr. (born 8 September 1953)[1] was an owner of the oil refining company, Bayoil U.S.A. Inc, which operates out of Houston, Texas and a subsidiary, Bayoil Supply and Trading Ltd. in the Bahamas.
The company was heavily involved in oil trading throughout the 1990s and early 2000s with the Iraqi government.
In the 2004 Oil-for-Food Program Hearings, Bayoil was among the corporations investigated by the committee,[2] and its executive David Chalmers was convicted of conspiracy to commit wire fraud.
[4] Chalmers' great-uncle, Charles Ulrick Bay (1888–1955),[5] founded Bay Petroleum[6] in 1937,[7] later become a high-ranking intelligence official in the Office of Strategic Services, and later an ambassador to Norway.
[1] Ben R. Pollner, who went on to found Taurus Petroleum, was one of his employees.