Karma: The Alan Grayson Great Train Robbery

[dellinger63]

Famous for comparing the tea party to the KKK, Congressman Alan Grayson, who carelessly voted for virtually every spending bill/program put forth, throwing away taxpayer money is now a 'victim'.

80% of his $22.8 million, stolen and out there stimulating the economy.

Hope Nancy P. explains to him that the $18 million is now $23.4 million once it hit the street and was spread around. Besides he still has a little over $4 million left and only $5 million in liabilities. Stupidity should not be accepted in bankruptcy court and investing 80% of a $22 million portfolio in one firm surely qualifies.

http://www.politico.com/story/2013/1...95.html?hp=r12

[jms62]

Originally Posted by dellinger63

Famous for comparing the tea party to the KKK, Congressman Alan Grayson, who carelessly voted for virtually every spending bill/program put forth, throwing away taxpayer money is now a 'victim'.

80% of his $22.8 million, stolen and out there stimulating the economy.

Hope Nancy P. explains to him that the $18 million is now $23.4 million once it hit the street and was spread around. Besides he still has a little over $4 million left and only $5 million in liabilities. Stupidity should not be accepted in bankruptcy court and investing 80% of a $22 million portfolio in one firm surely qualifies.

http://www.politico.com/story/2013/1...95.html?hp=r12

How does he get that type of scratch?

[dellinger63]

Originally Posted by jms62

How does he get that type of scratch?

Long distance phone company?

International Discount Telecom where he was President. It was bought out and I suspect that was his cash-out. Funny thing is according to Wiki he started out professionally as an economist.

[art vanderlay]

According to his most recent annual financial disclosure report on file with the House of Representatives, Grayson has a minimum of $22.8 million in assets, as well as at least $5 million in liabilities.
A Harvard Law School grad, Grayson helped create a successful long-distance telecommunications company.


Read more: http://www.politico.com/story/2013/1...#ixzz2n6Smnvq0

[GenuineRisk]

Originally Posted by dellinger63

Long distance phone company?

International Discount Telecom where he was President. It was bought out and I suspect that was his cash-out. Funny thing is according to Wiki he started out professionally as an economist.

Technically, professionally he started out as a janitor and night watchman while he was putting himself through school. I know the purpose of this thread is to crow delightedly over a self-made man's misfortune's (as the Right prefers their men to be to the manor born), but the actual details about the fraud are pretty interesting:

http://www.nydailynews.com/news/poli...icle-1.1542786

As always, if something seems too good to be true, it probably is.

[dellinger63]

Originally Posted by GenuineRisk

Technically, professionally he started out as a janitor and night watchman while he was putting himself through school. I know the purpose of this thread is to crow delightedly over a self-made man's misfortune's (as the Right prefers their men to be to the manor born), but the actual details about the fraud are pretty interesting:

http://www.nydailynews.com/news/poli...icle-1.1542786

As always, if something seems too good to be true, it probably is.

So glad to know he lost only 40% of his portfolio, this time. The article mentions a previous con where he lost tens of millions. I don't begrudge this man for being self-made, it's his carelessness spending taxpayer money while dismissing any group that voices concern over spending as akin to the KKK or wanting to kill sick people.


I'm also happy to know I started professional life as a caddie.

[GenuineRisk]

Originally Posted by dellinger63

So glad to know he lost only 40% of his portfolio, this time. The article mentions a previous con where he lost tens of millions. I don't begrudge this man for being self-made, it's his carelessness spending taxpayer money while dismissing any group that voices concern over spending as akin to the KKK or wanting to kill sick people.


I'm also happy to know I started professional life as a caddie.

It's not the Tea Party's fiscal position that he was referring to. It's this kind of statement he was referring to:

http://live.huffingtonpost.com/r/arc...c90a26c70005cf

[art vanderlay]

Originally Posted by dellinger63

Famous for comparing the tea party to the KKK, Congressman Alan Grayson, who carelessly voted for virtually every spending bill/program put forth, throwing away taxpayer money is now a 'victim'.

80% of his $22.8 million, stolen and out there stimulating the economy.

Hope Nancy P. explains to him that the $18 million is now $23.4 million once it hit the street and was spread around. Besides he still has a little over $4 million left and only $5 million in liabilities. Stupidity should not be accepted in bankruptcy court and investing 80% of a $22 million portfolio in one firm surely qualifies.

http://www.politico.com/story/2013/1...95.html?hp=r12

Did you read the article?

[dellinger63]

Originally Posted by art vanderlay

Did you read the article?

Yea but still am not sure when the $18 million loss was put on the books. If it was prior to his last disclosure I applaud him for losing only 40% and not 80% of his portfolio.

Besides with 100 plus percent plus investment returns he should have that money back in a year, if he still does have $20 million plus.