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The former hedge fund of one of the Democratic Party’s most important donors was involved in a scheme to defraud foreign investors out of tens of millions of dollars, according to documents filed in a Texas court. Farallon Capital Partners L.P., a fund run by Farallon Capital Management, the multibillion-dollar hedge fund founded by Democratic donor Tom Steyer, became a limited partner in a project to build a large shopping mall near Seattle, Wash., in the mid-1990s after it guaranteed a line of credit for the project.

MEMO: A Report on Obama Administration Violations of Law FROM: Attorneys General Tom Horne, Arizona; Pam Bondi, Florida; Sam Olens, Georgia; Bill Schuette, Michigan; Scott Pruitt, Oklahoma; Marty Jackley, South Dakota; Alan Wilson, South Carolina; Greg Abbott, Texas; Ken Cuccinelli, Virginia DATE: March 5, 2012 --- Introduction As chief legal officers of the states and commonwealths, attorneys general are the last line of defense against an increasingly overreaching federal government. Attorneys general have a duty to uphold the laws of their respective states and uphold the U.S. and state constitutions. One of the ways in which attorneys general protect the...