Barking Moonbat Alan Grayson gets taken for $18 million.
McLEAN, Va. — U.S. Rep. Alan Grayson of Florida lost $18 million in a scheme that cheated him and about 120 other investors out of more than $35 million, according to court papers.
Well, when you consider how he’s been responsible for cheating taxpayers out of a lot more money than that, this seems appropriate.
The Virginia man who ran the scheme, William Dean Chapman, was sentenced Friday in federal court to 12 years in prison. Prosecutors say Chapman used the money to fund a lavish lifestyle including a Lamborghini, a Ferrari and a $3 million home.
In most of the court papers, Grayson’s identity is protected — prosecutors say only that an elected official with the initials A.G. was the primary victim — but documents twice mention Grayson by name. The Democratic congressman on Monday confirmed he is the A.G. mentioned in the documents.
Nothing in the court papers suggests Grayson was anything but a victim of the scheme. Grayson, a former trial attorney, said he has had a long record for picking winning stocks, which formed the basis for his personal fortune.
Didn’t do too well at picking this investment did he?
In the House, he is known as one the most sharp-tongued critics of Republicans, once famously summarizing Republican’s health care plans as little more than wanting sick people to “die quickly.”
I love the smell of schadenfreude in the morning!
Couldn’t have happened to a better mark.
“You can’t cheat an honest man” The key here is greed. He thought he was getting insider information, ala HR Clintons cattle futures scheme.
This story brought a smile to my face yesterday morning – Karma is real. Grayson is one of those people who you can tell is a colossal arrogant asshole just by looking at his picture. I love good news with my morning coffee!
Hey, also, where did he get the $18m on a Representative’s income? Hmmm?
Agree with Roger. Grayson thought he was in on the scam. He deserved what he got. He should have been charged as a co-conspirator.
Interesting, he was pledging his stock as collateral for a “90% value” loan. If the stock went down he could “walk away” from the loan. What a curiously interesting way for a Congressperson to borrow money. I wonder what the tax implications of this type “arrangement” could be.
Letter of the law, spirit of the law thing I suppose.