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In reply to the discussion: McAuliffe among investors in Rhode Island insurance scam that preyed on dying people [View all]cali
(114,904 posts)Mcauliffe's campaign admits he was an investor in this scheme and that he took big campaign contributions from caramadre. I will certainly delete my op if you can show me that what is in the WaPo story I posted isn't true.
As far as I understand it, what isn't true; the story that was retracted, is the claim that McAuliffe lied to investigators.
Please tell me what in the story I posted isn't true.
from the story:
Federal court documents do not accuse McAuliffe of wrongdoing, and it wasnt clear whether he had made money or lost money on the investments. His campaign spokesman said McAuliffe was a passive investor who was deceived like many others. Spokesman Josh Schwerin also said that the campaign and McAuliffe donated sums to the American Cancer Society totaling $74,000 approximately the amount McAuliffe earned as a return on the investment and received in a campaign donation from Caramadre.
Terry was one of hundreds of passive investors several years ago and had no idea about the allegations against the defendant who, at the time, was widely respected by business leaders and elected officials, Schwerin said. The allegations are horrible and he never would have invested if he knew he was being deceived.
and sorry, but I think people have an obligation to know about where they're investing their money.