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Legalized Bribery ***UPDATE***

Posted by Larry Doyle on February 18, 2009 8:55 AM |

(Editor’s Note: This post is an update to the piece Legalized Bribery, which was originally published on 2/16/09)

***Update*** After Bernie Madoff, it appears the next largest, fraudulent investment scheme is centered on an entity known as Stanford Financial. This company has offices in Houston and also operated an offshore bank in the Caribbean. While this story is developing, it is not surprising that the main principal, Allen Stanford, knew how to play the “Legalized Bribery” game I highlighted on February 16th. Who benefitted from his millions in gifts and lobbying? Charlie Rangel (D-NY), Greg Meeks (D-NY), Bill Nelson (D-FL), Pete Sessions (R-TX), former CA governor Gray Davis, and the Democratic Party. Check it out: Texas Businessman Sought Influence in Corridors of Capitol

I will continue to update this story on an ongoing basis. In the meantime, you can access my original piece entitled Legalized Bribery.

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