McAuliffe did not disclose death-benefit investment

[mahatmakanejeeves]

Comment, in relation to at least one reply: is this the debunked AP story from a few days back? Then how come it is dated October 14, yesterday? Further, the campaign itself isn't saying it's another Terry McAuliffe.

Also, please read the comments in the Post. A lot of people who will be voting for this guy aren't any too pleased. Please reall, Virginia's first governor was Patrick Henry. Its second was Thomas Jefferson. How did we end up with a choice of Cuccinelli, McAuliffe, or someone who can't possibly win?

With that out of the way, here we go:

McAuliffe did not disclose death-benefit investment
http://www.washingtonpost.com/local/virginia-politics/mcauliffe-did-not-disclose-rhode-island-death-benefit-investment/2013/10/14/2dc7b8aa-34de-11e3-8a0e-4e2cf80831fc_story.html

By Laura Vozzella, Published: October 14

RICHMOND — Gubernatorial hopeful Terry McAuliffe did not publicly disclose his investment with a Rhode Island man who preyed on dying people in forms filed with the state four years ago.

A financial disclosure statement that McAuliffe submitted in 2009, during his failed bid for the Democratic gubernatorial nomination, makes no mention of what was then an active investment with Joseph A. Caramadre, who has pleaded guilty to scamming terminally ill people.
....

McAuliffe said last week that he was a “passive investor” and unaware of any wrongdoing. He invested $33,000 and made a $47,000 profit, according to his campaign. He donated $74,000 to charity, an amount representing his earnings as well as a campaign donation from Caramadre.

McAuliffe’s campaign acknowledged that he did not include his investment on the Statement of Economic Interests he filed in 2009. McAuliffe spokesman Josh Schwerin said the former Democratic National Committee chairman was following the advice of his accountants and lawyers when he opted not to disclose the investment.

[TheDebbieDee]

1. This was a DIFFERENT Terry McAuliffe! This story was debunked

a couple of weeks ago. Why is the Washington Post still publishing this previously debunked story?

ETA: What kind of reporter is the Laura Vozella?

[mahatmakanejeeves]

3. That's what I'm wondering about too.

A few stories down, I started a thread about the AP article and its quick removal. Yet this story has yesterday's date on it. Is the story true or not? If it's a whoopsie on the part of the Post, I'll delete it.

Please let me know. Thanks.

[FSogol]

5. What kind of reporter is the Laura Vozella? She's the type that prints anything the Cuccinelli

campaign hands her, verbatim.

[denverbill]

2. Really, you found 2 negative articles about McAuliffe in 5 minutes?

[mahatmakanejeeves]

4. I posted two in five minutes.

This stuff keeps coming up day after day. I know who I'm voting for on election day, but I'm not the least bit happy about it. I think this guy is just Richard Nixon with a smartphone.

[FSogol]

6. Bullshit. Why are you posting McAullife attack pieces a few weeks before the election?

[mahatmakanejeeves]

7. In annuity deal tied to McAuliffe, 2 investors knew they bet on specific, dying people

Last edited Fri Nov 1, 2013, 01:22 PM - Edit history (1)

I'm posting this because it's the job of the electorate to be well-informed. Unlike sundials, I do not count only the sunny hours. I cast my first ballot in 1972. It was for George McGovern. I do not need to pass anyone's loyalty test.

In annuity deal tied to McAuliffe, 2 investors knew they bet on specific, dying people
http://www.washingtonpost.com/local/virginia-politics/in-annuity-deal-tied-to-mcauliffe-2-investors-knew-they-bet-on-specific-dying-people/2013/10/26/11456c1c-3c4b-11e3-b6a9-da62c264f40e_story.html

By Laura Vozzella

A dying mechanic wanted a few thousand dollars to leave to his wife, two sons and infant daughter. A politically connected millionaire, now running for Virginia governor, wanted to make some money. And a Rhode Island estate planner wanted to become ambassador to the Vatican. ... All three came together on paper in late 2006 in a deal struck just two months before the 44-year-old mechanic died of cancer. ... The mechanic got $5,000. The millionaire, Democrat Terry McAuliffe, made at least $47,000. But the estate planning lawyer, Joseph Caramadre, went to prison instead of Rome.
....

There is no indication that McAuliffe or other investors were aware that patients, recruited through hospices and a Catholic newspaper, were sometimes duped into participating. McAuliffe has called himself a “passive investor.”

But at least some investors knew that they were betting on the lives of specific, dying individuals, according to two of them — a former judge and a Hollywood producer.

“There was certainly full disclosure to my law firm when we chose to invest in this,” said Robert G. Flanders Jr., a former Rhode Island Supreme Court justice who, for a time, defended Caramadre in a civil suit that insurers brought against him.

[FSogol]

8. From your own post: "There is no indication that McAuliffe or other investors were aware that..."