McAuliffe's Shady Business Past

National Review Online ^ | July 16, 2002 | Byron York

[Lady In Blue]

Sorry if this is a duplicate posting.I did a quick search and didn't see it.

[Lady In Blue]

ping

[deport]

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.

Thanks LiB......

An they thought Hillary knew how to invest....

[jwalsh07]

Good post, it never hurts to remind the guests that there is a snake in the house.

[woofie]

Why didnt I think of that?.....oh, Im not a crook ,that could have something to do with it..

[shrinkermd]

What is interesting about the Global Crossing deal is he must have received 400,000 shares or .25 per share for his services. He then would have had to sell these shares at an average price of $45. I do believe the stock did get to the 60's and, I recall, it once sold at $54. In any case, he has to be one of the most astute investors of all time since the stock at the time he sold it was thought to be world clas corporation with a lock on its business. Alternatively, he had inside information.

Before we crow or go on a witch hunt somewhat sobering is that X41 shortly after leaving office was invited by Mr. Winnick to give a speech for Global Crossing. He was paid $70,000 in stock rather than cash. My recall suggests that the stock was valued at .50. X41 cashed someof this in for about 5 Million when stock was in the low fifties. As I recall, the stock was in a trust account so, presumably, X41 did not pay taxes directly on this amount. What the trust is, I don't know. I know this information is factual insofar as my recall since x41 had to file SEC documents regarding the proposed sale because of its size. Simply on these deals, I can't see anything either McAullife or X41 did that was illegal or immoral. Perhaps McAullife didn't make all his money long, and perhaps he shorted the stock to make some of the 18 million. Someone should investigate his trades and whether he had inside information. If there is nothing to be found, we should probably forget the whole matter.

[Lady In Blue]

I know! Hillary is still in pre-school next to McAuliffe! lol!

[Lady In Blue]

Thank you,jwalsh07.

[Lady In Blue]

If we just move on,will that stop McAuliffe from acting pure as the driven snow? Something smells about his dealings.As I remember,#41 was given a choice of stocks or cash for a speech.I see nothing wrong in that.I don't know how you found out when he cashed in since I've never been able to find it.McAuliffe is completely another story.It's not must one thing but a whole series of things.I cannot bare to look at that guy.I turned the station each time I saw him on TV this weekend.

[cardinal4]

Mcauliffs association with the Klintons is enough evidence of his immorality and criminality for me.

[Lady In Blue]

ping

[Lady In Blue]

I guess Mr McAuliff doesn't have many fans on this thread - right?! hehehe!

[Ben Hecks]

Ping!

[deport]

X41 sells GC He sold stock in 1999 and 2000.....

[Aaron_A]

Life's been good to Terry.

[PhiKapMom]

Thanks for the ping! This is great info!

[Howlin]

FYI.

[Wait4Truth]

Thanks for the ping, Lady! McAuliffe is a low-life, just like the clintons. They all deserve to be in orange jumpsuits together.

[speekinout]

There is a difference between what x41 and mcauliffe did with winnick. x41 gave a speech that he was supposed to be paid something like $80,000 for. winnick convinced him to take $80,000 worth of stock rather than cash. We can argue about whether a former prez' speech is worth so much, but they all get it.
What did mcauliffe do for his windfall? We don't know. He invested $100, and we don't know how the investment grew like it did, or how he knew when to sell.

[blackie]

McAuliff is a smary, gutless, clintoon toady !!