Wednesday, October 9, 2013

Future VA Governor Caught In Financial Fraud

I say future because Democratic candidate Terry McAuliffe is most likely to win in the Virginia governorship.  Anyway, he’s been caught in annuity fraud:

Terence McAuliffe, the former chairman of the national Democratic Party, was one of hundreds of people who invested in variable annuities that used terminally ill patients as the annuitants.

McAuliffe and others became owners of the investment instruments through Cranston estate planner Joseph Caramadre. Caramadre pleaded guilty to stealing the identities of terminally ill patients and using that information to falsely apply for annuities and bonds with death puts.

Prosecutors said Caramadre cost insurance companies between $37 million and $48 million from the scheme.

Caramadre, with the help of a partner, would use personal information from terminally ill patients on investment applications that contained death benefits. The actual owners of the annuity would be Caramadre or hundreds of investors. In exchange for the personal information, Caramadre often times would help the families of the terminally ill to pay for funeral expenses.

So basically, Terry McAuliffe was taking advantage of dead people for personal gain.  It is immoral and deranged for any individual to do this, yet here we have a politician engaging in this behavior.

Oh, did you know that he lives in Mclean, VA?  If you have ever been to that area, which is very close to Washington, DC, you’d note that all of the residential homes there are million-dollar mansions.

And here he is attacking his rival over birth control.  Republicans are really bad at running campaigns as they seem to never go for the throat, instead aiming for the ear lope and letting their rivals frame the debate.

And you wonder why I write my own name into the ballots..