“On August 12, 2003, the SEC filed a civil fraud lawsuit[18] against former Connecticut state Senate Majority Leader William DiBella for participating in a fraudulent scheme to invest $75 million of the state pension funds with Malek’s firm, Thayer Capital Partners.[18] [19] On May 18, 2007, DiBella and North Cove were found liable for aiding and abetting Silvester’s intentional violations of the Securities Exchange Act of 1934, and Thayer was found in negligence of Investment Advisers Act of 1940. Thayer paid a civil penalty of $150,000, and Malek personally paid a fine of $100,000”
http://en.wikipedia.org/wiki/Fred_Malek#cite_note-sec2-19
http://www.sec.gov/litigation/litreleases/2008/lr20498.htm
“Politico” is also full of liberal hacks.
Their agenda is to bash Gov. Palin by
innuendo.
Only the uneducated by into this.