Ponzi scheme benefits Democrats
By Mark Alexander
The Patriot Post
"Speaking of corruption, Bernard Madoff, founder of Manhattan-based Bernard L. Madoff Investment Securities, was arrested and charged with securities fraud this week in what may be history's largest Ponzi scheme. Investors in Madoff's hedge funds may have lost anywhere from $17 billion to $50 billion. Investment details aside, Madoff was a major player in Washington politics -- for the Democrats. Since 1993, the Madoff clan has donated more than $380,000 to individual politicians and political action committees, including $100,000 to the Democratic Senatorial Campaign Committee. In particular, DSCC head Sen. Chuck Schumer (the other senator from New York) received money from Madoff -- $39,000 for his 1998 and 2004 races. One will search in vain for such details in Leftmedia stories about Madoff, however. Apparently, it isn't worth a mention."
The Patriot Post
"Speaking of corruption, Bernard Madoff, founder of Manhattan-based Bernard L. Madoff Investment Securities, was arrested and charged with securities fraud this week in what may be history's largest Ponzi scheme. Investors in Madoff's hedge funds may have lost anywhere from $17 billion to $50 billion. Investment details aside, Madoff was a major player in Washington politics -- for the Democrats. Since 1993, the Madoff clan has donated more than $380,000 to individual politicians and political action committees, including $100,000 to the Democratic Senatorial Campaign Committee. In particular, DSCC head Sen. Chuck Schumer (the other senator from New York) received money from Madoff -- $39,000 for his 1998 and 2004 races. One will search in vain for such details in Leftmedia stories about Madoff, however. Apparently, it isn't worth a mention."
posted by HeavyHanded at
8:46 PM
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