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Top Democrat in holiday home intrigue (Dodd Property Scandal Involved Clinton Pardon)
The Sunday Times ^ | 03-15-09 | Colin Coyle

Posted on 03/15/2009 7:11:04 PM PDT by icwhatudo

"A holiday home in Connemara is at the centre of a growing row in America involving a prominent Democrat politician, a convicted insider trader and the former president Bill Clinton.

The purchase of the home by Senator Christopher Dodd is being examined by the US Senate ethics committee after allegations that Edward Downe Jr, a businessman convicted of insider trading, acted as a “middle man” in the deal.

Eight years ago Dodd, who ran for the Democratic presidential nomination against Barack Obama, lobbied Clinton, the then president, to grant Downe a pardon."

(Excerpt) Read more at timesonline.co.uk ...


TOPICS: Crime/Corruption; Front Page News; Government; News/Current Events; US: Connecticut
KEYWORDS: 111th; chrisdodd; corruptdems; dodd; downe; perks; scandal
This sounds like a Rezko type deal:

"In 2002 Kessinger sold his two-thirds share of the property to Dodd for $127,000, a profit of only $20,000 from an eight-year period during which property prices doubled in Roundstone, a popular second-home location with rich Dubliners.

Dodd said the price agreed between himself and Kessinger was based on a “recent valuation”. In financial-disclosure documents after his outright purchase of the property, Dodd claimed that the 1,700 sq ft house and surrounding land was worth between $100,000 and $250,000. At the time, similar properties in Roundstone were selling for more than twice this figure.

1 posted on 03/15/2009 7:11:05 PM PDT by icwhatudo
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To: icwhatudo

BTTT


2 posted on 03/15/2009 7:12:54 PM PDT by Jet Jaguar (Atlas Shrugged Mode: ON)
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To: icwhatudo
"WELCOME TO THE REAL AMERICA WHERE CRIMINALS GET TO BE
CELEBRITIES AND CELEBRITIES GET AWAY WITH MURDER."
"TO DIE FOR" Columbia Pictures


3 posted on 03/15/2009 7:15:25 PM PDT by Diogenesis
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To: icwhatudo
The purchase of the home by Senator Christopher Dodd is being examined by the US Senate ethics committee

Like anything will come of this.

4 posted on 03/15/2009 7:17:01 PM PDT by Major Matt Mason (The Kenyan Keynesian will bankrupt this nation.)
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To: icwhatudo

8 years ago and just investigated NOW by the CT press?
THAT is the scandal


5 posted on 03/15/2009 7:17:39 PM PDT by FreepShop1 (www.FreepShop.com)
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To: icwhatudo

Are You insinuating that Senator Dodd may view Tony Rezko as a Role Model? Thats not nice! Isn’t Senator Dodd a Lily White Angel?


6 posted on 03/15/2009 7:18:52 PM PDT by True Republican Patriot (GOD BLESS AMERICA and Our Great President George W. Bush)
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To: icwhatudo

Poll: Dodd tied with Simmons for 2010 Senate race
Associated Press | Associated Press Writer

March 10, 2009

HARTFORD, Conn. - Failed presidential candidate Christopher Dodd faces a tough re-election bid for his sixth term in the U.S. Senate, according to a new poll released Tuesday.

A Quinnipiac University poll shows Dodd in a virtual tie with former Republican U.S. Rep. Rob Simmons of Stonington in a hypothetical 2010 matchup. The poll shows Simmons with 43 percent of the vote and Dodd with 42 percent.

http://www.courant.com/news/local/statewire/hc-ap-ct-connecticutsenatemar10,0,2659885.story


7 posted on 03/15/2009 7:30:33 PM PDT by VRWCTexan (History has a long memory - but still repeats itself)
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To: icwhatudo
No one is going to believe a Clinton corrupted a Dodd!

They're not going to believe a Dodd corrupted a Clinton>

These guys were ALWAYS corrupt ~

8 posted on 03/15/2009 7:31:19 PM PDT by muawiyah
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To: icwhatudo

This just gets better.


9 posted on 03/15/2009 7:35:05 PM PDT by wastedyears (April 21st, 2009 - International Iron Maiden Day)
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To: All
The Nov 9, 2008 Hartford Courant reported federal agents are investigating mortgage giant Countrywide Financial's co-founder Angelo Mozilo made to Dodd. Since the Dodd story broke in June, the five-term senator has offered contradictory fragments of explanations and intentions. Dodd gallops the gamut from calling the allegations of special treatment "outrageous" to pledging repeatedly and specifically to release documents related to the $800,000 in sweetheart deals he got from Countrywide.

Still claiming "there's nothing there," Dodd refuses to say whether his Senate campaign committee's payments of $60,000 last summer to a Washington law firm, which has a history of representing Democratic senators in trouble, were for his defense in the Senate ethics investigation of his dealings with Countrywide.

Dodd suggested, before he fled to his third home in Ireland in August, that Countrywide was not cooperating in providing information.

Dodd still claims there was nothing unusual about the $800,000 in mortgages he got from Countrywide in 2003, but records refute that, too. Documents indicate that Dodd was getting a mortgage of $276,150 on his second home in Connecticut on July 3, 2003. The amount was reduced to $275,042 and the mortgage he was refinancing was paid off.

Dodd and his wife also got a home equity loan on their Connecticut property in East Haddam from Countrywide that day. But the course those loans took was very strange.

============================================

For nearly a year and a half, Countrywide failed (or declined) to secure its interest in Dodd's home by taking the ordinary and essential step of presenting the documents to the local town clerk and recording them in the land records. <

The standard routine is for the homeowner to sign the loan documents, the borrowed money is sent to the lender being paid off and the new mortgage is recorded on local land records within a few days. Dodd, however, signed some but not all of his loan documents himself. Agents of Countrywide signed his $275,042 Connecticut mortgage. His previous mortgage with Countrywide was paid off but the new mortgage did not appear on the local land records for an astonishing 16 months.

For nearly a year and a half, Countrywide failed (or declined) to secure its interest in Dodd's home by taking the ordinary and essential step of presenting the documents to the local town clerk and recording them in the land records. This is exceedingly rare in the mortgage business. Too bad for Dodd mortgages leave detailed paper trails.

Now, it's likely that Dodd is on his hands and knees pleading with Obama to call off the Feds. That's why we need to take other routes to see that justice is done.

For example----Dodd (and his wife and family) are probably enrolled in high-roller comp programs at Conn casinos (and/or in other gambling venues). These programs show every nickel high rollers bet---including wins on which high rollers may not have paid taxes.

Casinos are very tightly regulated. They are more than happy to cooperate with authorities---to protect their licenses.

Casinos would also have records on the amount of untraceable casino chips Dodd (his wife and his family) received-----maybe gifts from his pal Angelo.

Authorities should also inquire if Dodd wire-transferred--- or if Angelo wire-transferred---monies into Dodd's casino account........and if taxes were paid on these monies.

Connecticut Division of Special Revenue (Gaming Control Board)
WEB SITE http://74.125.95.104/search?q=cache:EPdMRVRy8g8J:www.ct.gov/dosr/

Mailing Addresses:

Division of Special Revenue (casino control)
555 Russell Rd.
Newington CT 06111-1523

Division of Special Revenue (casino control)
P.O. Box 310424
Newington CT 06131-0424

Another possibility: Dodd, his family, and Angelo, may have used NETeller Plc to illegally convert monies that were then transferred offhore---to overseas gambling companies, for their personal use later.

NETeller is an Isle of Man-based payment processor for gambling Web sites (suspected of having operations in the US Virgin Islands---a notorious money-laundering bank haven).

10 posted on 03/15/2009 7:41:27 PM PDT by Liz (I was like Snow White, then I drifted. Mae West (on liberalism.)
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To: icwhatudo

and the RATS, take another one in the..............................HA ha!!!

11 posted on 03/15/2009 7:53:05 PM PDT by Chode (American Hedonist - Obama is basically Jim Jones with a teleprompter)
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To: icwhatudo

“purchase of the home by Senator Christopher Dodd is being examined by the US Senate ethics committee”

There must be a Republican involved to take the fall for Dodd.


12 posted on 03/15/2009 7:57:51 PM PDT by A Strict Constructionist (I'm studying Voodoo...curses cast daily. Landrieu be gone to the devil...)
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To: icwhatudo

I wish I could believe that justice would be done here, but I have lost hope.


13 posted on 03/15/2009 8:40:05 PM PDT by Bigg Red (Palin in 2012!)
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To: icwhatudo

Very interesting!

1993 - Downe is found guilty of insider trading.
1994 - Dodd buys 1/3 of a 10 acre property; Downe’s business partner buys the other 2/3’s
2001 - Dodd gets a pardon for Downe from Clinton (one that wasn’t sanctioned by the DOJ)
2002 - Dodd buys the rest of the original 10 acres at a bargain from Downe’s business partner

Looks like a dirty deal to me. It wasn’t the first “dealings” he’d had with Downe, the pardoned inside trader.


14 posted on 03/15/2009 8:46:01 PM PDT by Girlene
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The corrupt son of a corrupt father. Dodd’s father, Senator Tom Dodd, was censured by the Senate for corruption in the late 1960s. The apple doesn't fall far from the tree.
15 posted on 03/15/2009 9:55:09 PM PDT by Godwin1 (Godwin)
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To: icwhatudo

Democrats are TAX CHEATS and CROOKS and NOTHING ....NOTHING happens to them!!!! There ARE TWO AMERICAS!!


16 posted on 03/16/2009 5:55:28 AM PDT by Ann Archy
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To: Liz

HOW does a LIFELONG “public servant”...cough...cough...what a freaking joke....Just HOW does he afford THREE HOUSES???


17 posted on 03/16/2009 5:56:59 AM PDT by Ann Archy
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To: Ann Archy
HOW does a (cough) LIFELONG “public servant” afford THREE HOUSES???

Repeat after me............No-bid contracts. Kickbacks. Offshore wire transfers. Numbered bank accounts.

18 posted on 03/16/2009 6:25:49 AM PDT by Liz (I was like Snow White, then I drifted. Mae West (on liberalism.)
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To: Ann Archy

He has long been a Castro apologist as well. Once Obama drops the embargos, let’s see what Dodd’s payoff is there. I’m imagining a lot of beach front acreage.


19 posted on 03/16/2009 5:43:18 PM PDT by bluedressman
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To: AdmSmith; Berosus; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; george76; ...

The Republicans can take heart as Barack Obama staggers to the Left
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Posted on 03/15/2009 6:53:46 PM PDT by PotatoHeadMick
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20 posted on 03/16/2009 6:47:46 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
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