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Rep. Alan Grayson loses $18M in stock scheme
The Washington Times ^ | 12/10/2013 | Cheryl K. Chumley

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 congressman’s 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 ...


TOPICS: Extended News; US: Florida
KEYWORDS: 113th; fl; florida; grayson
Schadenfreude...
1 posted on 12/10/2013 9:23:27 AM PST by markomalley
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To: markomalley

What’s even sadder is that he still has plenty.


2 posted on 12/10/2013 9:24:02 AM PST by rktman (Under my plan(scheme), the price of EVERYTHING will necessarily skyrocket! Period.)
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Comment #3 Removed by Moderator

To: markomalley

This is the idiot always screeching about the 1%.


4 posted on 12/10/2013 9:26:12 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: markomalley

Lost $18 millio, huh. Obviously Rep. Grayson is one of the working class Democrats and not part of the 1%ers. What a phoney.


5 posted on 12/10/2013 9:26:19 AM PST by Obadiah (I Like Ted.)
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To: markomalley

What a criminal enterprise our government is these days!

*SPIT*


6 posted on 12/10/2013 9:26:38 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: markomalley

Couldn’t happen to a nicer bleephole.


7 posted on 12/10/2013 9:28:40 AM PST by Mich Patriot (PITCH BLACK is the new "transparent")
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To: markomalley

bwhaaaa!!!!bwhaaaa!!!!bwhaaaa!!!!bwhaaaa!!!!


8 posted on 12/10/2013 9:30:08 AM PST by ontap
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To: markomalley

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!


9 posted on 12/10/2013 9:31:33 AM PST by cdcdawg (Be seeing you...)
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To: markomalley

Awww, that’s a shame.


10 posted on 12/10/2013 9:32:08 AM PST by dainbramaged (Windage and elevation, Mrs. Langdon; windage and elevation.)
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To: markomalley

Campaign money?


11 posted on 12/10/2013 9:34:05 AM PST by RedMDer (Happy with this, America? Make your voices heard. 2014 is just around the corner. ~ Sarah Palin)
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To: markomalley

12 posted on 12/10/2013 9:34:45 AM PST by Red Badger (Proud member of the Zeta Omicron Tau Fraternity since 2004...................)
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To: Diana in Wisconsin

How does a deranged twit like Grayson have so much money to throw around?


13 posted on 12/10/2013 9:35:02 AM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: markomalley

karma


14 posted on 12/10/2013 9:36:19 AM PST by Trapped Behind Enemy Lines
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To: JulieRNR21; kinganamort; katherineisgreat; floriduh voter; summer; Goldwater Girl; windchime; ...

Florida Freeper


15 posted on 12/10/2013 9:36:58 AM PST by Joe Brower (The "American People" are no longer capable of self-governance.)
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To: markomalley

Couldn’t happen to a nicer guy.


16 posted on 12/10/2013 9:38:00 AM PST by mort56
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To: rktman

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.


17 posted on 12/10/2013 9:38:12 AM PST by katana (Just my opinions)
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To: markomalley

His votes on far left policies have cost the American taxpayers far more than that.


18 posted on 12/10/2013 9:41:23 AM PST by South40 (Liberalism is a Disease)
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To: markomalley

I can’t off a more deserving rectum to get this lesson in life:

http://www.cnbc.com/id/101259683?__source=xfinity|mod&ticket=ST-28535-mvIKj4lfYBeEXXE2rafj5cYgr6KuIiSaDes-20&rememberMe=null


19 posted on 12/10/2013 9:41:49 AM PST by Grampa Dave ( Obamacare, “It’s a Wonderful Lie!" Obamaganda is failing 24/7! Soon Obamaganda will fail 24/365)
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To: markomalley

That’s ok....it wasn’t his money anyway....it was money stolen from YOU, the taxpayer.


20 posted on 12/10/2013 9:44:34 AM PST by G Larry (Let his days be few; and let another take his office. Psalms 109:8)
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To: markomalley

GOOD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


21 posted on 12/10/2013 9:46:25 AM PST by bandleader
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To: markomalley; Joe Brower; MinuteGal; SoFloFreeper; left that other site; Joe Boucher; ...

22 posted on 12/10/2013 9:50:00 AM PST by Old Sarge (And Good Evening, Agent Smith, wherever you are...)
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To: Old Sarge
Joining in with your mirth!

HAHAHAHAHAHAHAHAHAHAHA
23 posted on 12/10/2013 9:53:08 AM PST by left that other site (You shall know the Truth, and The Truth Shall Set You Free.)
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To: G Larry

“You can’t cheat an honest man.”


24 posted on 12/10/2013 9:54:05 AM PST by Lonesome in Massachussets (Doing the same thing and expecting different results is called software engineering.)
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To: South40

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.


25 posted on 12/10/2013 9:56:54 AM PST by RitaOK ( VIVA CHRISTO REY / Public education is the farm team for more Marxists coming.)
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To: markomalley

Where did he get the money


26 posted on 12/10/2013 10:04:45 AM PST by Friendofgeorge ( Palin 2016 or bust)
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To: markomalley

I can’t think of a better person to see screwed over by his own greed


27 posted on 12/10/2013 10:09:54 AM PST by DakotaRed (Why not just pass a law requiring criminals to obey the laws?)
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To: rktman

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.


28 posted on 12/10/2013 10:14:38 AM PST by Venturer (Half Staff the Flag of the US for Terrorists.)
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To: markomalley

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!”


29 posted on 12/10/2013 10:15:15 AM PST by Gaffer
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To: katana
Begs the question ... where and how does a congressman accrue such wealth that he can manage to lose so much money?

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.

30 posted on 12/10/2013 10:17:35 AM PST by The Duke ("Forgiveness is between them and God, it's my job to arrange the meeting.")
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To: Venturer

And he’ll be able to do a tax write-off on it no doubt.


31 posted on 12/10/2013 10:20:21 AM PST by rktman (Under my plan(scheme), the price of EVERYTHING will necessarily skyrocket! Period.)
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To: markomalley

Could not have happened to a better guy/


32 posted on 12/10/2013 10:20:27 AM PST by CPT Clay (Follow me on Twitter @Clay N TX)
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To: rktman
And he’ll be able to do a tax write-off on it no doubt.

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.

33 posted on 12/10/2013 10:23:28 AM PST by NeoCaveman (DC, it's Versailles on the Potomac but without the food and culture)
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To: rktman

I had read that his net worth was 16.6 million (and he just lost 18 million of it.)


34 posted on 12/10/2013 10:24:28 AM PST by NeoCaveman (DC, it's Versailles on the Potomac but without the food and culture)
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To: The Duke
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.

He went to Harvard. It's who you know.

35 posted on 12/10/2013 10:29:46 AM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: cripplecreek

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.


36 posted on 12/10/2013 10:53:27 AM PST by Buckeye McFrog
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To: Red Badger
Always think that guy it the front row looks like James Noble.
37 posted on 12/10/2013 10:58:49 AM PST by traderrob6
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To: markomalley
I will play my teeny tiny violin for him. . . .

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. . . .

38 posted on 12/10/2013 11:01:32 AM PST by DeaconRed (If ZERO wants to copy Mandela, his new buddy, A great start is 27 years in the pokey. Period.)
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To: cdcdawg

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.


39 posted on 12/10/2013 11:06:25 AM PST by Bullish (America should yank Obama like a rotten tooth before he poisons the entire body)
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To: markomalley

Money laundering.


40 posted on 12/10/2013 11:10:39 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: Farmer Dean

CPUSAm LaRaza, SEIU, etc...


41 posted on 12/10/2013 11:35:15 AM PST by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
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To: markomalley

Proves there is a God.


42 posted on 12/10/2013 11:50:17 AM PST by oldbill
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To: markomalley; Friendofgeorge; Farmer Dean; Old Sarge
GRAYSON'S MILLIONS

"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.

Leni

43 posted on 12/10/2013 3:28:08 PM PST by MinuteGal (<P>)
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To: markomalley
A well-deserving a** just got kicked. Who says there aren't any feel-good stories out there?

Scouts Out! Cavalry Ho!

44 posted on 12/10/2013 3:37:29 PM PST by wku man (It's almost deer season, got your DEERGOGGLES on yet? http://www.youtube.com/watch?v=jexrnFq2fXY)
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To: MinuteGal

Thank You, very eye openiing


45 posted on 12/11/2013 9:52:48 AM PST by Friendofgeorge ( Palin 2016 or bust)
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