Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Zorro

(15,740 posts)
Mon Mar 7, 2022, 09:25 PM Mar 2022

Pro-Trump PAC Exec Rants About Hillary After Feds Charge Him for Ponzi Scheme

“In this country, politics has now been criminalized. That’s what’s going on here,” David W. Schamens claimed in a rambling phone call after he was charged.

The treasurer of a pro-Trump political action committee that ran afoul of campaign finance laws almost immediately after it was formed has been charged with running an international Ponzi scheme in which he allegedly duped investors out of nearly $7 million that he used to fund his own opulent lifestyle, including vacations, luxury vehicles, and a down payment on a million-dollar home.

David W. Schamens, a 64-year-old North Carolina resident who in 1996 was barred from the securities industry by the SEC over allegations of fraud, is now accused of securities fraud, along with wire fraud and money laundering, according to a criminal complaint unsealed Monday in New Jersey federal court.

Schamens, the feds claim, carried out a years-long scam with victims in at least three U.S. states and as far away as Australia. But Schamens, who heads a New Jersey-based firm that develops and sells stock-trading software, bizarrely claims the charges are a product of a political vendetta being carried out for his support of Trump, whom he now derides for breaking his campaign promise to build a wall along the U.S. border with Mexico.

“This is thermonuclear war now,” Schamens told The Daily Beast of the government’s decision to bring charges against him. “It’s made up. I believe 5,000 subpoenas have been sent out in the last year, have they not? I believe there’s a statement by [Attorney General] Merrick Garland that said they’re going after anybody who supported January 6th, whether they were there or not. I wasn't there, but that's the point—it doesn't matter if you were there.”

https://www.thedailybeast.com/david-w-schamens-pro-trump-pac-treasurer-rants-about-hillary-clinton-after-feds-charge-him-for-ponzi-scheme

It seems that "I'm being charged for being a Republican" is the cry these days, instead of the more accurate "I'm being charged for being a Republican crook".
2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Pro-Trump PAC Exec Rants About Hillary After Feds Charge Him for Ponzi Scheme (Original Post) Zorro Mar 2022 OP
Just how many "best people" did tfg associate with? Deuxcents Mar 2022 #1
"I'm a VICTIM!" bobalew Mar 2022 #2

Deuxcents

(16,212 posts)
1. Just how many "best people" did tfg associate with?
Mon Mar 7, 2022, 09:35 PM
Mar 2022

The whole lot of them, for one reason or the other, seem to be grifters . To the point: thieves.

Latest Discussions»General Discussion»Pro-Trump PAC Exec Rants ...