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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
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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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