Congressman Alan Grayson Speaks to ROF About Taking Down Corporate Democrats

[GoLeft TV]

Rep. Alan Grayson sits down with Ring of Fire’s Farron Cousins to discuss his Florida senate run and the corporate takeover of the Democratic party.

[stopbush]

1. Pot, meet kettle:

Grayson hedge funds skirt ethics rule
By MATT DIXON 06/30/15 05:07 AM EDT

TALLAHASSEE, Fla. — Rep. Alan Grayson manages hedge funds that use his name in their title, a practice prohibited by congressional ethics rules designed to prevent members from using their elected post for financial gain.

The specific ethics provisions tied to the funds Grayson manages, two of which are based in the Cayman Islands, sit in a sort of gray area and have never been examined by the House Ethics Committee.

Attorneys for the Democratic congressman say the funds are exempt from House ethics rules that ban a sitting member from naming a financial entity after themselves. But their stated rationale is considered “complete nonsense” by legal and finance experts who reviewed the fund’s regulatory filings.

The House ethics rules do not allow a sitting member to “permit his name to be used” in the name or advertising material for entities like law firms, associations and financial entities. The Grayson-run funds are Delaware-based Grayson Fund LP and Cayman Islands-based funds called Grayson Master Fund (Cayman) Ltd. and Grayson Fund (Cayman) Ltd.

Read more: http://www.politico.com/story/2015/06/alan-grayson-hedge-fund-ethics-119553#ixzz47WehP4N8
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[MADem]

2. But wait....there's MORE!!!! No wonder Tester won't back him.

Independent report says Grayson may have broken House rules, federal law

The House Ethics Committee won’t be wrapping up its investigation of Rep. Alan Grayson anytime soon, all but ensuring that allegations of wrongdoing will continue to haunt the Democrat’s bid for Florida’s open Senate seat.

The committee on Tuesday released a report from the Office of Congressional Ethics (OCE) — an independent, outside body charged with reviewing allegations against lawmakers and deciding whether to refer them to the ethics panel. The House committee said it would continue its review of the allegations concerning Grayson.

The OCE report showed that Grayson may have violated numerous congressional rules and federal laws by continuing to manage a hedge fund while serving in Congress. It said the lawmaker maintained interests in a law firm and a corporation bearing his name despite potential conflicts of interest with his work as a House member and failed to properly disclose income, assets and other information pertaining to his official positions and financial holdings.

“There is substantial reason to believe that Representative Grayson improperly allowed the use of his name by four entities connected to Representative Grayson’s hedge fund and Grayson Consulting, Inc. of Virginia, and received compensation through management fees from the Grayson Fund Management Company,” the report reads, before going on to detail alleged instances of impropriety....

https://www.washingtonpost.com/news/powerpost/wp/2016/04/05/house-ethics-panel-continues-review-of-rep-grayson-and-his-hedge-fund/



I smell toast.

[WhiteTara]

3. Says the man with accounts in the Cayman Islands

with hedge funds in his name. Who also is being investigated for ethics violations.