Posted on 06/22/2009 6:52:26 AM PDT by Liz
....the dubious Democrat from the Nutmeg State said it is "offensive" the media would suggest that his wife, Jackie Clegg Dodd, has potential conflicts of interest because she sits on the boards of four pharmaceutical firms. Democrat Dodd is the point man for upcoming health-care legislation....with Sen. Ted Kennedy ailing. That's the same Chris Dodd who "just happened" to get Countrywide sweetheart mortgage loans --- the subject of a Senate Ethics Committee probe. Dodd says an ethics lawyer gave a clean bill of health on his wife's potential conflicts of interest......that raising these questions is "offensive" because husbands of female members don't face the same scrutiny. Dodd could talk to Hillary Clinton about the questions she faced, thanks to her husband's business practices. Nobody's picking on Chris Dodd. Not that he doesn't deserve it.
(Excerpt) Read more at nypost.com ...
HOW DODD'S DEAL MIGHT HAVE GONE DOWN 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 escrow company that handles the transaction always does that once the monies are wired.
JUST WONDERING Why would someone instruct the escrow company not to record the Deed? Actually on a refi, the deed would be in Dodd's name and the recording would be a lien by Country Wide. (A) Was the mortgage non-existent? (B) Were wired monies a payoff "laundered" as a mortgage? (C) Were the monies diverted-----maybe wired to a Conn casino account?
RECAP The escrow company that handles mortgage transactions always records the deed once the monies are wired. Why would someone instruct the escrow company not to record the Deed? Was the mortgage perhaps non-existent? Were wired monies a payoff "laundered" as a mortgage? Wired monies could be a smoking gun. Were the monies diverted-----maybe wired to a Conn casino account?
NEED TO KNOW 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 and other sub-prime lenders--- wire-transferred monies into Dodd's casino account........and if taxes were paid on these monies.
CONTACTS: 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 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 offshore---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).
Have the Feds looked into whether Dodd's sweetheart deals were reported as income? Could also involve mutiple conspiracies including theft of public property and official records
REPORT TAX FRAUD AND TAX LAW VIOLATIONS HERE:
TELE IRS TOLL-FREE 1-800-829-0433----you may remain anonymous.
EMAIL .......OAAG.Tax@tax.USDOJ.gov
Fiduciary negligence---signing off on falsified statements can be reported here:
EMAIL enforcement@SEC.gov
FBI TIPS
http://tips.fbi.gov/ (you may remain anonymous)
He's a clown, that Christo Dodd
he's gonna get caught
Just you wait and see
Why's everybody always pickin on me?
The same, of course, goes for that man-bear-hog Gore.
DODD’S WIFE, TOO, HAD MONEY LINK TO AIG
March 25, 2009
Senate banking-committee Chairman Christopher Dodd who has received $280,000 in campaign contributions from AIG isn’t the only person in his family to benefit from a relationship with the embattled insurance behemoth.
His wife, Jackie Clegg Dodd, worked as an outside “director” for a Bermuda-based company affiliated with AIG, according to a report.
(snip)
(no links)
Congress members’ spouses earn big - State’s lawmakers disclose earnings
Connecticut Post (Bridgeport, CT) - Sunday, June 15, 2003
Author: PETER URBAN
WASHINGTON - As they toil away under the Capitol dome, Connecticut lawmakers have relied on their spouses in varying measures to bring home the bacon.
Rep. Christopher Shays’ wife works for the Peace Corps.
Rep. Rosa DeLauro’s husband is an internationally known pollster.
Sen. Christopher J. Dodd’s wife has her own consulting business.
Sen. Joseph I. Lieberman’s wife has been on the speech circuit for the last two years.
(snip)
Sen. Christopher Dodd As a bachelor in 1992, Dodd reported less than $30,000 in assets in two bank accounts. And he earned $400 for a cameo appearance in the movie, “Dave.” Dodd donated his fee to charity.
Now married, Dodd has a cottage in Ireland worth between $100,000 and $250,000, and a Senate credit union account worth between $15,000 and $50,000. Dodd owes between $115,000 and $300,000 on mortgages on the Irish cottage.
His wife, Jackie Clegg , operates her own consulting firm and serves as a director of a Bermuda-based reinsurance company, IPC Holdings , Ltd.
Clegg owns property in Utah and a condominium in Washington, D.C., that together are valued between $30,000 and $100,000. She also has a Senate credit union account worth between $50,000 and $100,000.
“She’s got her own career here,” said Ryan McGinn, a spokeswoman for Dodd.
A Utah native, Clegg came to the nation’s capital fresh out of college to work for former Sen. Jacob Garn, R-Utah, and then as a staff member for the Senate Committee on Banking. After a decade working on Capitol Hill, Clegg was appointed to the Export-Import Bank in 1993.
President Clinton appointed her first vice president and vice chairman of the Export-Import Bank in 1997, where she served until his term expired. Clegg opened her own consulting firm after leaving the bank. She was also asked to become a director of IPC Holdings .
Dodd, a member of the Senate Committee on Banking, spearheaded legislation that offers insurance companies some protection from massive losses due to terrorist attacks. McGinn said Dodd’s work on that legislation was largely at the behest of Hartford-based insurance companies and had absolutely no connection with Clegg .
(snip)
...
Tax stances of senators don’t match wives’ deals
Norwich Bulletin (CT) - Monday, September 6, 2004
Author: Norwich Bulletin, Katherine Hutt Scott, Staff
By KATHERINE HUTT SCOTT
Norwich Bulletin
WASHINGTON - Connecticut’s Democratic senators, Joe Lieberman and Christopher Dodd, want to eliminate a legal loophole that allows U.S. companies to reincorporate overseas - often in Bermuda - to avoid taxes.
But the senators’ wives have had financial or business interests that aren’t completely compatible with the goal of ending corporate tax evasion.
Lieberman’s wife, Hadassah, owns stock valued at between $1,001 and $15,000 in Tyco International Ltd., according to the senator’s 2003 personal financial disclosure form filed with the Senate. Tyco, formerly based in New Hampshire, reincorporated in Bermuda in 1997 to legally reduce its U.S. tax burden.
Dodd’s wife, Jackie Clegg , served on the board of Bermuda-based IPC Holdings Ltd., a reinsurance company, according to Dodd’s 2003 disclosure form. The company’s offshore location allows another U.S. firm that is a major shareholder in IPC Holdings to avoid paying some taxes to the federal government.
The senators say there is no inconsistency between their public positions and their wives’ financial or business dealings.
(snip)
Dodd voted in favor of the bill to stop U.S. companies from reincorporating overseas to avoid taxes both times the measure has come to a vote in the Senate, spokesman Marvin Fast said.
“The fact that Senator Dodd has consistently and repeatedly fought legislatively to enact the tax reform measure should highlight in no uncertain terms his independence on this issue,” Fast said.
Passage of the legislation would not change the law that allows American International Group Inc. - the firm with a stake in IPC Holdings - to avoid paying some taxes. But Fast said Dodd would be “willing to review” any proposals to change that law. There has been no push in Congress for a change.
Larry Noble, executive director of the watchdog group Center for Responsive Politics, said Hadassah Lieberman’s investment in Tyco and Clegg ‘s former seat on the board of IPC Holdings “reflect low levels of hypocrisy” because their husbands support closing the reincorporation tax loophole.
“The next step is to put their money where their beliefs are,” Noble said. “Which is to say that you don’t invest in companies or be involved with companies that are acting contrary to our national interest.”
Noble added, “The bills still have to be paid, so the tax burden is then shifted to the average citizen who can’t take advantage of these tax loopholes.”
Spokespeople for Sens. Lieberman and Dodd said the senators’ wives would not comment.
Twenty-four U.S. companies have relocated to the Caribbean tax havens of Bermuda, the Cayman Islands, Panama and Antigua, according to a list compiled by Rep. Richard Neal, D-Mass. Most went overseas between 1997 and 2002, as companies came under increasing pressure to report profits, said Peg McGlinch, Neal’s legislative director.
Bermuda, the most popular offshore location, has no corporate income tax. The U.S. corporate income tax rate is 35 percent.
Dodd and Lieberman were early co-sponsors of legislation introduced by Sen. Charles Grassley, R-Iowa, that would change the tax code to require U.S. companies that reincorporate overseas in the future to pay taxes. The bill also would limit the ability of Tyco and other companies that have already moved offshore to reap tax benefits. That legislation is part of a major tax bill under consideration by Congress.
(snip)
Dodd’s wife served as a director of IPC Holdings from July 2001 until this past March, according to documents the company filed with the Securities and Exchange Commission.
The company was created with capital raised by AIG, an insurance company, and other investors in 1993, after Hurricane Andrew decimated the reinsurance industry, IPC Holdings President Jim Bryce said.
Bermuda was an attractive location as a major insurance market. It also offered a tax advantage for AIG
That’s because AIG owns only 24.3 percent of IPC Holdings . By law, U.S. investors or companies that own less than 25 percent of a foreign insurance company don’t have to pay taxes on their share of the foreign company’s income, said Philip West, an international tax lawyer in Washington.
In 2003, IPC Holdings reported a profit of $260.6 million, according to filings with the Securities Exchange Commission.
(snip)
Many thanks for the great contribution to the thread.
Reading through this the first question that poppped into my mind....Does Bermuda have similar shletered, Swiss type, banking account like Grand Cayman?
And he’s in charge of the health care “reform” bill in the Senate now that ‘ole Ted is on disabilty.
Ethics.
If it weren’t for that, Democrats would be very close to being divine beings. Almost on a level with angels, even.
But, annoyingly, they keep being the same old failed humanity. Not merely failed, but self-destructive and overly compensating for that self-destruction.
If there were no God, this behavior may prove to be highly successful. It certainly seems to go on and on unpunished.
No kidding.
Thomas Dodd should have been tried for treason for some of the crap he pushed into law. The 1968 Gun Control Act comes to mind there.
Christopher Dodd is just as bad... Can’t wait til he’s retired.
Mike
Dodd is the Senate Majority Dirtbag.
Barnie Frank is the Speaker of the Dirtbags.
Can you imagine how Dodd’s wife feels about this? There she was, fat, dumb and happy, and primed for sitting on boards of major pharmaceutical companies. Along came proposals for what became known as Part D and she was called upon to “go over the top” and “hep’ out girl”, so she did,
Without Teddy will Chris Dodd be going with the “open-faced stewardess sandwich”?
Yes, term limits for sure in congress and the judiciary would be good. The founders left them out, thinking the people would be able to make the right decision when voting for congress.
Not only Federally but by State, County and Local City Mobs..
Socialism is just the old Mob... Protection Racket on a larger scale..
They protect you from themselves..
The current federal economic problems were caused by the federal gov't..
Same in California and several other States.. and Cities..
"They" cause the problems they try to "solve"..
Its quite politically incestuous and obscene...
You may wish to look at the current situation in the California legislature - term limits have not worked out too well for us.
Just think who would not be in office now nationally if we had term limits. Schumer, Boxer, Kennedy, Dodd, Feistein, Durbin, Byrd, Feingold, McCain, Harkin, Kerry, Leahy, Murray, Rockefeller, Snowe, Specter, Reid, Sanders, Collins..... and the list goes on.
He’s a DEMOCRAt....Democrats get away with MURDER!
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