Attorney Joseph Caramadre, Cranston, RI, has been charged with sixty-six counts, including wire fraud, mail fraud, conspiracy, identity fraud, aggravated identity theft, money laundering, and witness tampering, in connection with an investment scheme in which Caramadre and co-Defendant Raymour Radhakrishnan allegedly victimized elderly and terminally-ill individuals.
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Terry McAuliffe silent on union-connected loan
Washington Times ^ | October 25, 2013 | Jim McElhatton / FR Posted by Cincinatus' Wife
Terry McAuliffe has promised voters he is committed to transparency, but in the final days of a Virginia governor’s race he leads, the Democrat has steadfastly refused to explain a complicated financial arrangement involving several family trusts and a union-owned insurance and investment company. For the arrangement, known in real estate parlance as a covenant not to encumber, Mr. McAuliffe — along with two other trustees for family trusts in his wife’s name — asked a bank for a $750,000 letter of credit “for the benefit of” Union Labor Life Insurance Co., or Ullico, the union-owned company that came under a congressional investigation a decade ago for risky investments.
As part of the deal, new liens or sales contracts could not be placed on the family’s home in McLean, Va., without the bank’s permission, according to land records that The Washington Times located in Fairfax County. The document was signed by Mr. McAuliffe and his wife as owners of their home property that was used in the transaction. [SNIP]
The covenant between Mr. McAuliffe and Ullico appears to have escaped notice during a 2003 U.S. House investigation into how the company lost so much money in Global Crossing. The Times was alerted to the document, sitting in a county records office, by a former labor official and prominent Democrat who was familiar with Ullico’s loan arrangement with McAuliffe......[SNIP] (Excerpt) Read more at washingtontimes.com ...
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<><> SEC investigating illegalities in company co-founded by Terry McAuliffe / By David Sherfinski
The SEC is investigating the green car company founded by Va gubernatorial candidate Terry McAuliffe over concerns that it allegedly (illegally) guaranteed returns for its investors. The SEC has subpoenaed bank records of GreenTech’s funding arm, the McLean-based financing company Gulf Coast Funds Management, LLC.
Documents attached to a July 31 letter from Sen. Charles E. Grassley also raise more questions on the extent of the interaction between officials at the two companies and Alejandro Mayorkas, the director of US Citizenship and Immigration Services (USCIS) in DHS.
DHS is investigating whether Mr. Mayorkas assisted in approving an investor visa application submitted by Gulf Coast, even after the application was denied and an appeal was rejected.
Mr. Mayorkas, Obama’s pick to be the next No. 2 at DHS, testified last week that the extent of his interaction with Mr. McAuliffe was one meeting in which he heard his complaints about investor visas being held up.
Mr. Grassley said it went further than that.“Contrary to the impression left by your answer, documents indicate that both before and after that meeting, you actually engaged in nearly a dozen contacts with Gulf Coast Funds Management between 2010 and 2013, including direct communications with Gulf Coast’s attorneys,” the Iowa Republican wrote to Mr. Mayorkas. “That one meeting with Mr. McAuliffe was clearly not the extent of your interaction on that matter.”
Officials at the two companies and did not immediately respond to requests for comment Friday. A spokesman for the McAuliffe campaign noted that Mr. McAuliffe left GreenTech in 2012 and that he has no knowledge of any investigation. News of the SEC investigation was first reported Friday by The Wash/Post.
The documents include forwarded e-mails from Mr. McAuliffe to Douglas Smith, an official in DHS’s office of the Private Sector, that were forwarded to Mr. Mayorkas and an e-mail from Mr. Mayorkas himself saying that face-to-face meetings for particular cases are not appropriate.”As the Director of this Agency, I do not adjudicate cases and am not the proper audience for a telephone call or a meeting about a particular case,” he wrote to Gulf Coast’s general counsel earlier this year. “I will forward your e-mail to the appropriate individual in the Agency.”
USCIS handles cases involved in the EB-5 program, where foreign investors put up between $500,000 and $1 million for American companies in exchange for legal status.
Govt attorneys wrote that such a meeting would violate the Administrative Procedures Act. “I think it also raises an impartiality issue if we entertain pre-decisional meetings of this sort with particular applicants and petitioners,” USCIS’s Ethics Officer wrote. “It is not a concern to have meetings with particular industries, trade groups, bar associations, etc., on systemic issues that are not case specific, so long as we are willing to meet with all.”
Gulf Coast is run by Anthony Rodham, the brother of former Secy of State Hillary Rodham Clinton, and is the finance arm of GreenTech Automotive Inc. Mr. McAuliffe founded GreenTech in 2009 and quietly stepped down as chairman in Dec — a fact only revealed in April in response to an inquiry from a Politico reporter.
http://www.washingtontimes.com/news/2013/aug/2/sec-investigating-company-co-founded-terry-mcaulif/
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<><> Wall to wall media coverage about an $18K gift to Cuccinelli, but this corrupt scumbag carpetbagger McAuful has skimmed tens of millions of dollars from corrupt deal after corrupt deal (the Clinton-era Global Crossing heist is just the start) and not a peep from the press.