Skip to comments.Rep. Alan Grayson loses $18M in stock scheme
Posted on 12/10/2013 9:23:27 AM PST by markomalley
Florida Rep. Alan Grayson, known as a heated defender of Democratic Party principles and partisan attacker of Republican views especially during the Obamacare debates was one of more than 100 victims of a massive stock trade scheme.
He lost about $18 million, the congressmans office said, Fox News reported.
Mr. Grayson loss came to light during the court sentencing of William Dean Chapman, who was given 12 years in prison for taking investors money and using it to buy a Lamborghini, a Ferrari and a $3 million house.
(Excerpt) Read more at washingtontimes.com ...
What’s even sadder is that he still has plenty.
This is the idiot always screeching about the 1%.
Lost $18 millio, huh. Obviously Rep. Grayson is one of the working class Democrats and not part of the 1%ers. What a phoney.
What a criminal enterprise our government is these days!
Couldn’t happen to a nicer bleephole.
Notice how often liberals get caught up in this kind of thing, either as victim or perp. They think that “capitalism” is about manipulating numbers, getting money from government, or cheating people, because that’s how they make money. Being a trial lawyer is the most honest way a liberal makes money. Think about that!
Awww, that’s a shame.
How does a deranged twit like Grayson have so much money to throw around?
Couldn’t happen to a nicer guy.
Begs the question ... where and how does a congressman accrue such wealth that he can manage to lose so much money? Was he an ambulance chaser before entering politics? The utter hypocrisy of this slime is a given and typical of white Liberals in general. Happy to know he is just as stupid as he seems and as the voters who keep electing him deserve.
His votes on far left policies have cost the American taxpayers far more than that.
I can’t off a more deserving rectum to get this lesson in life:
That’s ok....it wasn’t his money anyway....it was money stolen from YOU, the taxpayer.
“You can’t cheat an honest man.”
A darling of the Marxist Left, this guy will be filthy with funnled, unearned portfolio cash forever. Maybe even from the billion dollar cash grab from JP Morgan, just orchestrated by Holder at Justice.
That wad is strictly in the hands of Obama & Co., Inc. All of their most radical party darlings will reap a fine future.
Where did he get the money
I can’t think of a better person to see screwed over by his own greed
Yes: A Congressman politician who can afford to lose 18 million dollars and he is making laws that effect and you.
He knows nothing of real Americans, but as a rich Democrat he attacks the middle class to give to dregs who refuse to work.
Reached at his home, Rep. Grayson exploded, “Those mothereffers! They stole all that money I worked SO hard to steal from the citizens of this country.” “You all don’t realize just how damned hard it is to gin up $18 million off of a $174,000 yearly salary.” “Somebody’s goddamn head is gonna roll over this!”
Actually, a little Wikipedia searching strongly suggests that Grayson earned his money on the up-and-up, as President of a legit Corp. I would just say he was a lucky sucker.
And he’ll be able to do a tax write-off on it no doubt.
Could not have happened to a better guy/
Capital losses can offeset capital gains without limit, after that they can offset $3,000 in ordinary income a year. At that rate he can write off $3,000 a year for the next 6,000 years.
I had read that his net worth was 16.6 million (and he just lost 18 million of it.)
He went to Harvard. It's who you know.
Yeah, no kidding! He lost $18 mil yet still has a place to live and food on the table? A 1%er for darned sure.
Then I will have a good old belly laugh.
Then I will play the violin again and have another laugh.
This will be repeated until I fall asleep. . . .
Many liberals do nothing but figure out ways to scam the US govt for grant money. I once dated this lady, when I found out she was a liberal and that’s all she did for a living, I dumped her fast.
She made a heck of a good living setting up (barely legal) leftist charities and entities that could get large grants from govt.
CPUSAm LaRaza, SEIU, etc...
Proves there is a God.
"Where does he get all that money?"
I answered this question on a duplicate thread in length. Here it is in a nutshell....
He plays the stockmarket and has for years. Undoubtedly all House members who want to be filthy rich are doing the same thing.
Sometime ago, and very quietly, congress passed a bill EXEMPTING members and EVEN THEIR STAFFS from benefitting from insider trading. "Insider trading" was formerly a crime....and it still is for you and me. Insider trading was involved in sending Martha Stewart into the Club Fed slammer for a stay.
Congressmen get inside tips on the stock market all the time from lobbyists, bankers, Wall Street traders and businessmen in return for quiet minor or major favors.
This is why when congresscritters leave DC for good, most of them are millionaires, although most came into office figuratively with pocket change.
This is why old political hacks in DC they never retire till they are carried out feet first.....or their little grey cells are no longer running on all six.
Scouts Out! Cavalry Ho!
Thank You, very eye openiing
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