Accused Swindler Stanford Owed Over $100 Million in Taxes (connected to Biden fam)

abc.news.com ^ | February 20, 2009 | By JUSTIN ROOD

[Liz]

IRS Debt Did Not Stop Him from Donating Generously to Politicians While accused billionaire fraudster R. Allen Stanford was showering pols with cash, he stiffed the IRS for over $100M.....In 2002-03, Stanford had enormous tax debts while campaign records show Stanford personally gave $100’s of $1000’s: $560K to Dem Sen Campaign Committee, $100K to Ntl Repub Cong Committee, $10K to Dem Cong Campaign Committee, $4K to Sen Schumer, $3K to Sen Dodd, $2K to Sen Shelby, $1K to Sen Reid. After the lien was filed, Dems thanked Stanford at their 2008 Denver convention for $150K to sponsor a Dem n/p forum. Dem groups did not respond to ABC's inquiries. Dodd gave his to charity. Shelby's office returned donations to the Stanford Financial Group receiver. Sen. Reid intended to shed all funds from Stanford, his company and employees. Sen. Schumer did not respond.

[Liz]

Fraudster Stanford had links to fund run by Bidens
Reuters on Yahoo | 2/23/09 | BY Ajay Kamalakaran
(Excerpt) Read more at news.yahoo.com ... (Reuters) – A fund of hedge funds run by two members of VP Joe Biden's family was marketed exclusively by firms controlled by Texas financier Allen Stanford, charged by regulators with an $8 billion fraud, the Wall Street Journal said. The $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and a Stanford Financial Group entity, and was known as the Paradigm Stanford Capital Management Core Alternative Fund, the paper said. Stanford-related companies marketed the fund to investors and also invested about $2.7 million of their own money in the fund, the paper said, citing a lawyer for Paradigm. Paradigm Global Advisors is owned through a holding company by the vice president's son, Hunter, and Joe Biden's brother, James, according to the paper. Paradigm's attorney, Marc LoPresti, who represents Hunter Biden and James Biden, as well as Paradigm, told the paper he did not know which Stanford entity invested the roughly $2.7 million. He told the paper the Bidens never met or communicated with Stanford.

And then he said........."duh." There don’t you feel better now?

Helps to remember-——Democrats don’t commit crimes. They are all “tolerant and compassionate” abortion worshippers who valiantly defend “free speech” (for everyone but Republicans). At least three times a day they are incommunicado while they apply “remedies” to their persistent crotch itches.

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

So, taxpayers, y'all think you're gonna "speak out" about the billions in corruption brewing in Obamas's Porkulus and TARP? Better think again. Our saviour Obama KNOWS what y'all are thinking.

Here's the jaw-dropping policy the White House recently released late on a Saturday afternoon........hoping we would not notice: "Following OMB’s review, the Obama Administration has decided to make a number of changes to the rules that we think make them even tougher on special interests and more focused on merits-based decision making. " "First, we will expand the restriction on oral communications to cover all persons, not just federally registered lobbyists." " For the first time, we ill reach contacts not only by registered lobbyists but also by unregistered ones, as well as anyone else exerting influence on the process. We concluded this was necessary under the unique circumstances of the stimulus program. "

[Erik Latranyi]

Most stories on this make no mention of the Biden connection nor his fundraising for Democrats.

The MSM is purging again.

Stanford is portrayed as a hedge-fund manager who is the target of Obama’s new financial regulations.

[blueyon]

So are the Repubs are just rolling over?

[Liz]

Most MSM stories on this make no mention of the Biden connection nor Stanford's fundraising for Democrats.

Yup----too bad they forgot all of us out here on the blogosphere----tattling on the crooks.

[Don Corleone]

Money Talks...B.S. walks!

[Joe Boucher]

Would be fun to find that Biden is a crook as well as a drunk.
Can you say Spiro Agnew?

[Liz]

ping

[CutePuppy]

This may be just one part of the answer as to how Stanford (and, likely, Madoff) could avoid detection of fraud for so long - the governments' monitors at work:
Stanford Bribes Charged By Feds - FR, NYP, June 20, 2009

Mary Shapiro, former FiNRA chief whose agency should have directly overseen Madoff's operations was promoted to SEC Chairman and is being praised for the flurry of activity which creates the illusion of enforcement improvement.

[CutePuppy]

There once was a VeePee from Maryland
Who had crooked way all about him
He had crooked mouth
And he had crooked hand-o
He was caught in flagrante collecto

[blueyon]

LIZ WHERE DID YOU FIND THIS???? I want to make it public knowledge and get it out...

“First, we will expand the restriction on oral communications to cover all persons, not just federally registered lobbyists.” “ For the first time, we ill reach contacts not only by registered lobbyists but also by unregistered ones, as well as anyone else exerting influence on the process. We concluded this was necessary under the unique circumstances of the stimulus program.

[Lizavetta]

In flagrante collecto.........I’m stealing that.

[bootless]

I’m amazed this story has gotten *any play. His name was being batted around here when the Madoff story broke.

[Liz]

White House Blog
FRIDAY, MAY 29TH, 2009 AT 5:35 PM

Update on Recovery Act Lobbying Rules: New Limits on Special Interest Influence

Posted by Jesse Lee. Another update from Norm Eisen, special counsel to the president for ethics and government reform, in the spirit of transparency as always:

I am writing with an update on the President’s March 20, 2009 Memorandum on Ensuring Responsible Spending of Recovery Act Funds. Section 3 of the Memorandum required all oral communications between federally registered lobbyists and government officials concerning Recovery Act policy to be disclosed on the Internet; barred registered lobbyists from having oral communications with government officials about specific Recovery Act projects or applications and instead required those communications to be in writing; and also required those written communications to be posted on the Internet.

That Memorandum instructed the Office of Management and Budget (OMB) to review the initial 60 days of implementation of the stimulus lobbying restrictions, to evaluate the data, and to recommend modifications.

Following OMB’s review, the Administration has decided to make a number of changes to the rules that we think make them even tougher on special interests and more focused on merits-based decision making.

First, we will expand the restriction on oral communications to cover all persons, not just federally registered lobbyists. For the first time, we will reach contacts not only by registered lobbyists but also by unregistered ones, as well as anyone else exerting influence on the process. We concluded this was necessary under the unique circumstances of the stimulus program.

Second, we will focus the restriction on oral communications to target the scenario where concerns about merit-based decision-making are greatest –after competitive grant applications are submitted and before awards are made. Once such applications are on file, the competition should be strictly on the merits. To that end, comments (unless initiated by an agency official) must be in writing and will be posted on the Internet for every American to see.

Third, we will continue to require immediate internet disclosure of all other communications with registered lobbyists. If registered lobbyists have conversations or meetings before an application is filed, a form must be completed and posted to each agency’s website documenting the contact.

OMB will be consulting with agencies, outside experts and others about these principles and will publish detailed guidance, but we wanted to update interested parties on the outcome of the initial review. We consulted very broadly both within and outside of government (including as reflected in previous posts on the White House blog) and we are grateful to all those who participated in the process.

WEB SITE http://www.whitehouse.gov/blog/Update-on-Recovery-Act-Lobbying-Rules-New-Limits-on-Special-Interest-Influence/

[Liz]

CNBC did a terific expose on this——“Secrets of the Knight: Sir Allen Stanford and the Missing Billions.”

Airing about once a week for 2-3 months.

[Liz]

There once was a VeePee from Maryland
Who had crooked way all about him
He had crooked mouth And he had crooked hand-o
He was caught in flagrante collecto

"Hi there, Americans. I'll get to the stiumulus, soon as I get my colon cleansed."

[Joe Boucher]

Wouldn’t surprise me a bit.
Joe Biden, dumbass, drunk, colon cleaner freak.