$1 billion scam | Clipmarks


	$1 billion scam

Socratoad

11-15-2009 11:28 AM

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11-15-2009 11:37 AM

ofcapri

Things could get rather interesting at the ranch!

11-15-2009 11:47 AM

Socratoad

Perhaps, however it might be considered to be business as usual.

11-16-2009 12:46 AM

nahiaali

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1242bb59-9ec9-4a4b-9da4-1c2791d8f03f/7DC71472-86D7-46A9-BCD2-6F27400546F1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.dailyfinance.com/2009/11/13/george-w-bush-fundraisers-1-billion-investment-scam/" href="http://www.dailyfinance.com/2009/11/13/george-w-bush-fundraisers-1-billion-investment-scam/" style="font-size: 11px;">www.dailyfinance.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailyfinance.com/2009/11/13/george-w-bush-fundraisers-1-billion-investment-scam/"><SPAN id="ppt19239133">A George W. Bush fundraiser is now embroiled in an alleged $1 billion scam</SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailyfinance.com/2009/11/13/george-w-bush-fundraisers-1-billion-investment-scam/"><P><IMG vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.dailyfinance.com/media/2009/11/money.jpg" alt="george-w-bush-fundraisers-1-billion-investment-scam" />Not all the people who donate to presidential campaigns are good. This fact comes to mind as we find out more about one of George W. Bush's big campaign donors -- a pleasant fellow named Scott Rothstein. Of course, he had plenty of company in goosing Bush's campaign coffers -- recall subprime mortgage lender Ameriquest, which contributed a mere <A href="http://www.bloggingstocks.com/2007/12/31/does-ameriquests-campaign-cash-tie-bush-to-the-subprime-mortgag/">$7.8 million</A>.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailyfinance.com/2009/11/13/george-w-bush-fundraisers-1-billion-investment-scam/"><P>But that's old news. <EM><A href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aJtPCAcExoYk&pos=7">Bloomberg News</A></EM> reports that Rothstein is a lawyer who persuaded investors to give him $1 billion, in exchange for which they allegedly got a chance to earn a share of what Rothstein promised would be big legal settlements just a few months after those investors' checks cleared. Apparently, it was a yet another Ponzi scheme -- the legal settlements didn't exist. Federal authorities have sued Rothstein, but he hasn't yet been charged with any crime.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7DC71472-86D7-46A9-BCD2-6F27400546F1/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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