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| Rep. Alan Grayson Loses $38 Million In Ponzi Scheme |
| 2011-07-23 |
| Posted by:Joger Oppressor of the Lichtensteiners9577 |
| #8 Between 2000 and 2005, Grayson was the most frequent participant in Derivium’s “90-percent stock-loan” program, transferring about $29 million in stocks to Derivium Were not talking "chump change" here--or maybe we are. Grayson was ranked as the 11th-wealthiest member of Congress in 2010, based on financial disclosure forms with a minimum net worth of $31.41 million, according to Roll Call. Sounds like he lost most of his money and then some. I read an internet article where it was claimed he made a bundle of money suing military contractors. That's the problem with jumping into Madoff-like Ponzi schemes. |
| Posted by: JohnQC 2011-07-23 18:37 |
| #7 I believe about two weeks ago that he 'threw his hat into the ring' to go after the congressional seat he lost last election. Good luck with that!!/sarc I think he wants his old title back as "Florida Congressloon of the Year" from Debbie W Schultz! |
| Posted by: Tom-Pa 2011-07-23 12:49 |
| #6 thanks tu, buzzkill... If he lost $3M/ month it wouldn't be fast enough. Cro-Magnon Man is running again next year |
| Posted by: Frank G 2011-07-23 11:20 |
| #5 Ummmmmm...did anyone actually read the item? Note the date on this. |
| Posted by: tu3031 2011-07-23 11:14 |
| #4 Grayson asked: "What could go wrong? After all, the continuing Social Security Ponzi scheme has worked so well to bilk the taxpayers." |
| Posted by: JohnQC 2011-07-23 10:34 |
| #3 What is a no-count, bottom-feeding, scum-sucking congressturd--but I repeat myself--doing with $3 mill in the first place? It's like in the Army when you discover your mess sergeant has five overweight kids. Not on his...pay. |
| Posted by: Richard Aubrey 2011-07-23 10:10 |
| #2 karma is a bitch and his famous words alan just die |
| Posted by: dan 2011-07-23 09:40 |
| #1 He only lost $3m out of pocket. The rest was profits he thought he was due from the get rich quick scheme. Pity he didn't go the typical gambler route and double down. |
| Posted by: Anonymoose 2011-07-23 09:13 |