Wednesday, July 21, 2010
STEP Right Up!
Getcher condescending lecture right here!
OR *clicky*clicky*
@1:25
NB embed being cranky—go to *clicky*clicky*
I guess the family tradition continues:
[Roll Call] Rep. Alan Grayson (D-Fla.) $31.12 million
...Grayson lists a claim valued at $25 million to $50 million against Derivium Capital.
The now-bankrupt firm managed a Ponzi scheme in which investors, including Grayson, could turn over stock to Derivium in exchange for cash loans and redeem the value later if the stock prices increased. A South Carolina court ruled earlier this year that Derivium shareholders were collectively owed about $270 million in lost profits and that Grayson’s share would be about $34 million.
In addition to that claim, Grayson, an attorney who founded the telecommunications company IDT Corp. in 1990, lists a trust valued at $5 million to $25 million. The same trust was previously Grayson’s largest asset, with a value of $25 million to $50 million when he filed a candidate disclosure form in November 2008.
Now—just to calm your nerves—go down to your cellar, start up your front-loader and re-stack your cash. Thaaaaat’s a goo-boy!
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