Florida strategy, 2.0
How pathetic can things get?
I just love that Rudy is still touting his “national security” expertise.
Perhaps he can recruit that other expert/crook, Bernie Kerik to run his campaign.
Forbes Magazine reported Oct 27, 2006 that his company, Giuliani Partners, is entangled in petty penny stock deals and unseemly financing projects. Giuliani Partners has:
(1) accepted fees from over-the-counter penny stocks, (2) formed financial pacts with businesses and individuals that have come under scrutiny by regulators and law enforcement officers. Forbes cited a number of deals that might be perceived as being illegal.
Forbes cited Giuliani Partners foray into Lighting Science Group. Giuliani's banking arm took a warrant for 1.6 million shares at 60 cents, a fee of $150,000 and a promise to raise cash. The firm went bankrupt. It's lost $412,000 on sales of $137,000 in its last six months.
Another venture is CamelBak, maker of a hands-free canteens for Marines in Iraq. It started out under Giuliani's consulting arrangement with $31 million in sales, but got run into the ground with various missteps, including having as a board member, the disgraced Bernie Kerik who pled guilty to having mob ties.
Forbes said Giuliani's most controversial deal was throwing in with a 2004 project with Applied DNA Sciences, which promised to outsmart counterfeiters by inserting bits of DNA from plants into cosmetics and pills to prevent bootleg versions. Its head, Richard Langley Jr., however, had a shady past, having pleaded guilty to conspiracy to commit wire fraud and commercial bribery in another penny stock scam.
An audit of Giuliani Partners may find its principles engaged in establishing secret offshore bank accounts outside the purview of the IRS, engaged in casual accounting practices, and non-existent financial oversight.