Post #3 explains..."...McAuliffe and father-in-law Richard Swann formed American Capital Management to buy Florida properties that the RTC took over after putting Swann's S&L into receivership. Some of the properties were acquired using union pension money……The IBEW not only financed McAuliffe's ventures, but it also helped boost his stature as a Democratic fund-raiser by contributing $6 million to party candidates from 1991 to 1996... In a letter signed on Mar. 18, 1993, Prudential agreed to pay McAuliffe $375,000 if the Pension Benefit Guaranty Corp. (PBGC) signed a 15-year, $187 million lease to occupy a downtown Washington office building owned by the insurer. The U. S. Attorney for the District of Columbia charged that Prudential falsely certified, after it won the lease, that it had not hired anyone to help influence the bidding process, which is illegal under the Competition in Contracting Act. ….As the Prudential matter drags on, McAuliffe isn't out of the woods yet on the Teamsters case, whose central figure, campaign consultant Martin Davis, is a friend of McAuliffe. Davis has pleaded guilty to masterminding an illegal scheme to raise $1 million for Teamsters President Carey's 1996 reelection. Davis told McAuliffe he could help raise $1 million for the DNC from the Teamsters, but McAuliffe denies he knew any details of how Davis intended to do this. Davis, in his guilty plea, says his plan was to launder Teamsters donations through the DNC in an effort to hide the source of Carey's money..."
T-Mac's as Corrupt as the day is long, my FRiend, and he'll be indicted by year's end...MUD
BTW...you can thank Alamo-Girl fer her awesome background on McLowlife's sordid past.
In a letter signed on Mar. 18, 1993, Prudential agreed to pay McAuliffe $375,000 if the Pension Benefit Guaranty Corp. (PBGC) signed a 15-year, $187 million lease to occupy a downtown Washington office building owned by the insurer. The U. S. Attorney for the District of Columbia charged that Prudential falsely certified, after it won the lease, that it had not hired anyone to help influence the bidding process, which is illegal under the Competition in Contracting Act. ….As the Prudential matter drags on...
We've had Prudential life insurance policies on our little family for the last 30 years. As you may know, they recently went public. I didn't think anything about it at the time, but I think I'd better pour over my paperwork with a fine tooth comb. They may be planning to bleed out this company just as they've done so many others. Perhaps there's a way to surrender the policies and still end up with something.