Posted on 04/23/2014 6:51:44 AM PDT by jimbo123
As it sought to recruit well-heeled investors, an untested and unprofitable Miami company named InnoVida brought aboard a trusted Florida figure in 2007: Jeb Bush, the former governor and the brother of a sitting president.
For potential stockholders, the imprimatur of Mr. Bush, who joined InnoVida as a paid consultant and a member of the board of directors, conferred credibility on the young start-up.
That credibility did not last long. It turned out that the leaders of InnoVida, a manufacturer of inexpensive building materials, had faked documents, lied about the health of the business and misappropriated $40 million in company funds, records show. The company went bankrupt in 2011, its founder eventually went to jail and investors lost nearly all of their money.
Mr. Bush left public office seven years ago with a net worth of $1.3 million and an unapologetic determination to expand his wealth, telling friends that his finances had suffered during his time in government.
But his efforts to capitalize on his résumé and reputation have thrust him into situations that may prove challenging to explain should he mount a Republican campaign for the White House. Records and interviews show, for example, that Mr. Bush participated in the fevered, last-ditch efforts to prop up Lehman Brothers, a Wall Street bank weighed down by toxic mortgage-backed securities. As a paid adviser to the company in the summer of 2008, he met with Carlos Slim Helú, a Mexican billionaire, as Lehman sought to persuade Mr. Slim to make a sizable investment in the firm, emails show.
(Excerpt) Read more at cnbc.com ...
Out of an ‘act of love’, I refuse to give one red cent to Jeb Bush...or his nephew here in Texas.
Jeb: Please do your family legacy a huge favor and go make some serious money. Don’t tarnish it by running for POTUS.
Great, another candidate available to the highest bidder.
Unapologetically of course.
This guy is a prime example of everything that is wrong with traditional politics in America. Trade on a famous name and a family political network to get elected. Then trade on your political job to make money. Then go back into politics. All the while espousing soft Socialisma and go-along-to-get along politics that keeps the country moving toward Socialism and state control. Win points in the media by being nasty to your one alleged political base. If this guy wins and we have Bush v. Hillary, I will know the country is well on its way to being a bannana republic and that its time to move to Russia, which doesn’t pretend to be anything other than a dictatorship.
Inexpensive building materials?
I wonder if they are behind the sh** drywall issue among others.
Cheap drywall + Amnesty for illegal aliens = $$$ for Jeb
According to this article Jeb Bush is just the man to go around pimping amnesty.
Stephen Colbert (Letterman replacer) summed it up best.
As wannabe Jebbie raised his umpteenth presidential trial balloon, he made the unfortunate “act of Love” boo-boo.
Wearing his best conservative face, funnyman Colbert said, “he will be missed.”
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