[Jim Noble]

How to Go to Congress and Become a Millionaire

It's not their investments.

They solicit bribes to introduce legislation, which then passes because they scratch each other's backs.

Simple, really.

[Liz]

When they organize tax-exempt "non-profits" and "do gooder- foundations" back in their districts, that's how you know they're hiding "earmarks," kickbacks, bribes and other graft-------in n/p budget items such as: "maintenance, building expansion, janitorial, public relations, legal fees, administration," and the like.

Multi-million dollar govt grants to the district are easily converted......deposited in reserve accounts that a bank is then directed to redeposit in another account.

HERE'S HOW MADOFF DID IT When they went back to ID Madoff's assets, they found a super-secret labyrinth of interrelated international funds, institutions and financial entities of almost unparalleled complexity and breadth......with assets and businesses in multiple places overseas that hid thievery, money laundering and tax evasion.

Madoff was running simultaneous scams:

(1) a tax evasion investment scheme for wealthy businessmen ("losing" money is a tax write-off;

(2) money laundering scams;

(3) a protection racket for affinity groups,

(4) aiding and abetting wealthy tax-exempt non-profit foundations to evade US banking laws and the IRS.

(5) hiding money for wealthy businessmen some of which was used for campaign donations (FEC fraud), and non-profit fraud (IRS fraud).

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

All of this is easily facilitated with co-conspirators directly or indirectly, singly or in concert, using government computers, government computer technicians, by use of financial instruments, investment vehicles, ........utilizing the US mails, electronics, wire transfers, computers.

There are zillions of ways to profit from those do-good multi-million govt programs.

[Pecos]

And the reason that it even possible is because Congress romps about in areas in which the Constitution does not grant them any powers. Corruption at the core.

[corlorde]

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[liberalh8ter]

Not to mention that many start in local government, where they use the information they have about upcoming development to purchase lands that will directly benefit from that development. Then there's the perks they receive from those who are grateful for the decisions they make. They hone their craft locally until they obtain the skill needed to grift grand scale; then it's off to D.C.