Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: onyx
In the late 1990s, some of McAuliffe's business ventures came under investigation by the U.S. Department of Labor, which filed suit against two labor-union officials, both of them with the International Brotherhood of Electrical Workers pension fund, for entering into questionable business arrangements with McAuliffe.

Both officials later agreed to pay hundreds of thousands of dollars in penalties for their actions, and the union itself had to reimburse its pension fund by nearly $5 million.

In one deal, McAuliffe and the fund officials created a partnership to buy a large block of commercial real estate in Florida. McAuliffe put up $100 for the purchase, while the pension fund put up $39 million. Yet McAuliffe got a 50-percent interest in the deal; he eventually walked away with $2.45 million from his original $100 investment. In another instance, the pension fund loaned McAuliffe more than $6 million for a real-estate development, only to find that McAuliffe was unable to make payments for nearly five years.

In the end, the pension fund lost some of its money, McAuliffe moved on to his next deal, and fund officials found themselves facing the Labor Department's questions.

...and libertarians are willing to put him in office by siphoning votes from Cuccinelli

7 posted on 10/30/2013 9:35:33 AM PDT by Baynative (I meant to write a different story in my diary. But that's life, I guess.)
[ Post Reply | Private Reply | To 2 | View Replies ]


To: Baynative; onyx
...and libertarians are willing to put him in office by siphoning votes from Cuccinelli

Yup. If that "Libertarian" wasn't in the race, I would be far more confident of a Cuccinelli win.

I really think this is the democRATs' new strategy in a lot of these races: Throw in some 3rd party guy to siphon votes from the Republican. It's been working like a charm for several election cycles now...

When will the GOP get smart and start putting up "Green" candidates??

16 posted on 10/30/2013 10:03:18 AM PDT by nutmeg (I don't always speak to Obama voters. But when I do, I order fries...)
[ Post Reply | Private Reply | To 7 | View Replies ]

To: Baynative

Are the “likely voters” of VA aware of all this?


25 posted on 10/30/2013 12:46:19 PM PDT by Din Maker
[ Post Reply | Private Reply | To 7 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson