"Democratic National Chairman Terrance M. McAuliffe, who has been trying to tie the Enron debacle to the Bush administration, has two Enrons in his closet. Already under scrutiny for his $18 million profit from Global Crossing Ltd., Mr. McAuliffe was also on the board of directors of Telergy Inc., another telecommunications firm that went belly up last year. Mr. McAuliffe had been a major investor.
Telergy, headquartered in Mr. McAuliffe's hometown of Syracuse, N.Y., filed for Chapter 11 protection Oct. 26 in federal court in Utica, N.Y. Telergy also dumped nearly 300 employees without severance pay. In May 2000, Mr. McAuliffe owned or had warrants to acquire 12,728 shares of Telergy worth $2 million, company officials told the Associated Press at the time. Telergy also paid Mr. McAuliffe more than $1 million for helping to raise equity for the firm. Telergy finally collapsed completely when it entered bankruptcy proceedings under Chapter 7 of the bankruptcy laws on Dec. 21 of last year. This was after unsuccessful efforts to get its financial house in order while it was under Chapter 11 protection from creditors. Under Chapter 7 protection, companies liquidate; under Chapter 11, they reorganize but continue to operate.
In the case of Global Crossing, once the seventh largest corporation in America, the company filed for Chapter 11 protection last month — but not before Mr. McAuliffe had turned a $100,000 investment in the fiber optics firm into an $18 million profit."
"Mother Jones: Terry McAuliffe, The Teflon Kingmaker"
"Is Terry McAuliffe corrupt, as his critics charge, or just especially good at playing the dirty game of politics? A fresh look at Mother Jones' coverage of the new DNC chairman may help you decide.
by Brooke Shelby Biggs Feb. 8, 2001
"Terry McAuliffe, the new chairman of the Democratic National Committee, is to political fundraising what Lee Atwater was to political advertising: successful, ruthless, and daring. Before he'd even moved into his new office, McAuliffe managed to anger both a large chunk of the Democratic party and the Bush White House. ....Black Democrats accused McAuliffe of hijacking the DNC election from Atlanta Mayor Maynard Jackson, considered a shoo-in until McAuliffe threw his hat in the ring in December with endorsements from both Bill Clinton and Al Gore. ....McAuliffe has an uncanny ability to slip out of potential trouble unscathed. The fundraising scandals surrounding Bill Clinton's 1996 campaign -- including the White House coffees and Lincoln bedroom sleepovers, both of which were McAuliffe's ideas -- seemed to roll off McAuliffe's back. After repeatedly claiming that he had nothing to do with the DNC-related soft money scandals, saying he only raised funds specifically earmarked for Clinton's presidential reelection, McAuliffe eventually admitted having raised between $3 million and $5 million for the DNC. Still, he managed largely to dodge the spotlight. Likewise, McAuliffe avoided a potentially career-ending scandal in 1997, when the Department of Justice investigated a number of his real estate and campaign financing deals -- one involving Ron Carey, disgraced former president of the Teamsters who was indicted this week on charges of perjury -- which to GOP observers looked an awful lot like the result of influence peddling. The accusations against McAuliffe in those cases were later dropped."
"Link to Mother Jones' McAuliffe Scandals!!
"Big Game Hunter -- Mother Jones, April 1997"
Fundraiser Terry McAuliffe knew how to bag big donors for President Clinton, but has the stalker now become the prey?
"Links to more Mother Jones' McAuliffe Scandals!!
McAuliffe, Inc. -- Mother Jones, April 1997 The Department of Justice appears to be investigating real estate deals in which Clinton's chief fundraiser may have profited from political connections.
Link
"The Boy Wonder Comes of Age" -- Mother Jones, April 1997
A map of McAuliffe's cash-strewn career path.
Interestin' stuff from the DemonRAT Underground...MUD
The fundraising scandals surrounding Bill Clinton's 1996 campaign -- including the White House coffees and Lincoln bedroom sleepovers, both of which were McAuliffe's ideas -- seemed to roll off McAuliffe's back.
Seemed to, somehow, magically, without any help from the press, roll right off Terry and the rest of the leading Dems. backs. My, the Dems. think we're stupid...they must think that they're talking to their own party members.