• This is a political forum that is non-biased/non-partisan and treats every persons position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

SEC charges billionaire Texas brothers who donate to GOP with fraud

justabubba

long standing member
DP Veteran
Joined
Dec 22, 2005
Messages
50,438
Reaction score
32,191
Gender
Male
Political Leaning
Independent
book 'em dano
washingtonpost.com
the guys behind the swiftboating, the ones that mccain accused of illegal practices, the fellows who support reich wing GOP politicians
hope they live long enough to take it up the ass in prison
here are some excerpts of their activities:
... The Wylys have given to dozens of Republican candidates, none more so than the Bush family. The brothers were supporters of the campaigns of former President George H. W. Bush and his son, former President George W. Bush.

In 2000, the Wylys financed a third-party group, Republicans for Clean Air, that launched a television advertising broadside against George W. Bush's chief opponent, Sen. John McCain (R-Ariz.), on the eve of crucial GOP presidential primaries. Later that year, the brothers each gave $100,000 to fund Bush's inaugural festivities.

In 2004, the Wylys helped fund Swift Boat Veterans for Truth, another third-party organization that ran controversial television ads attacking the military record of Sen. John F. Kerry (Mass.), Bush's Democratic opponent.
...
Their biggest beneficiaries include three Texas Republicans, Sen. Kay Bailey Hutchison, National Republican Congressional Committee Chairman Pete Sessions and former House Republican leader Richard K. Armey, according to the Center for Responsive Politics analysis. The Wylys also have given to Senate Minority Leader Mitch McConnell (Ky.), former New York mayor Rudolph W. Giuliani and many other members of the GOP.
...
The agency alleges that the Wylys committed fraud and various other violations of securities laws while sitting on the boards of four companies over the course of a decade: Michaels Stores, Sterling Software, Sterling Commerce and Scottish Annuity & Life Holdings.

The SEC says that by using offshore accounts to trade shares of these public companies, the Wylys were able to escape filing the regulatory disclosures required of board members when they buy or sell shares.
...
In one instance, the Wylys used insider information to make an offshore purchase of shares in Sterling Software, where they served as chairman and vice chairman, according to the complaint. They did not disclose the purchase even though they knew the company was soon going to be sold, according to the SEC. Less than four months later, Sterling Software was sold, and the Wylys netted nearly $32 million. ...
oooops!:
The SEC also charged the Wylys' longtime personal attorney, Michael French, and their stockbroker, Louis Schaufele III, for their roles in the alleged scheme.
looks like somebody at the SEC was doing more than watching porno
 

jujuman13

DP Veteran
Joined
Jun 1, 2006
Messages
4,075
Reaction score
579
Gender
Male
Political Leaning
Independent
I guess Wyly is as Wyly does.
 

Vader

Banned
DP Veteran
Joined
Sep 24, 2005
Messages
8,260
Reaction score
1,064
Location
Whitewater, CO
Gender
Male
Political Leaning
Centrist
book 'em dano
washingtonpost.com
the guys behind the swiftboating, the ones that mccain accused of illegal practices, the fellows who support reich wing GOP politicians
hope they live long enough to take it up the ass in prison
here are some excerpts of their activities:

oooops!:

looks like somebody at the SEC was doing more than watching porno
Yet more greedy right-wing assholes, who are aligned with the GOP, in a scandal? What a shock!

I am starting to believe the GOP is nothing more than a political crime syndicate.
 

PeteEU

DP Veteran
Joined
Mar 11, 2006
Messages
35,113
Reaction score
12,035
Location
Denmark
Gender
Male
Political Leaning
Centrist
About time. If anything, the SEC was too slow since it should have been done years ago.
 

Vader

Banned
DP Veteran
Joined
Sep 24, 2005
Messages
8,260
Reaction score
1,064
Location
Whitewater, CO
Gender
Male
Political Leaning
Centrist
About time. If anything, the SEC was too slow since it should have been done years ago.
Agreed. Have you noticed that since Bush and his cronies left office, the far right and its white collar criminal supporters are tumbling like dominos?
 

Goof Noodle

Active member
Joined
May 12, 2010
Messages
257
Reaction score
60
Location
Omaha, NE
Gender
Male
Political Leaning
Very Conservative
So the SEC will only do their job if it's the right who are guilty? In the name of fair and balanced, Bernie Madoff was a liberal as well as the majority of Wall St. My post isn't convenient towards liberal blindness, but let's keep things in perspective.
 

LiberalAvenger

Banned
DP Veteran
Joined
Dec 23, 2009
Messages
16,881
Reaction score
2,980
Location
virginia
Gender
Male
Political Leaning
Private
book 'em dano
washingtonpost.com
the guys behind the swiftboating, the ones that mccain accused of illegal practices, the fellows who support reich wing GOP politicians
hope they live long enough to take it up the ass in prison
here are some excerpts of their activities:

oooops!:

looks like somebody at the SEC was doing more than watching porno
This reminds me of the Hunt brothers from Texas, who took out a full page ad in a Dallas newspaper blasting JFK the day he was killed.

The Hunt brothers were later charged in a conspiracy to corner the silver market. Texas has the most corrupt politicians in the country.
 

justabubba

long standing member
DP Veteran
Joined
Dec 22, 2005
Messages
50,438
Reaction score
32,191
Gender
Male
Political Leaning
Independent
This reminds me of the Hunt brothers from Texas, who took out a full page ad in a Dallas newspaper blasting JFK the day he was killed.

The Hunt brothers were later charged in a conspiracy to corner the silver market. Texas has the most corrupt politicians in the country.
i don't expect mccain (and his black love child) to offer to do them any favors, either
 

danarhea

Slayer of the DP Newsbot
DP Veteran
Joined
Aug 27, 2005
Messages
43,603
Reaction score
26,254
Location
Houston, TX
Gender
Male
Political Leaning
Conservative
This reminds me of the Hunt brothers from Texas, who took out a full page ad in a Dallas newspaper blasting JFK the day he was killed.

The Hunt brothers were later charged in a conspiracy to corner the silver market. Texas has the most corrupt politicians in the country.
Texas also has the most entertaining politicians in the country. LOL.
 

Moon

Why so serious?
DP Veteran
Joined
Jan 2, 2009
Messages
9,944
Reaction score
5,114
Location
Washington State
Gender
Male
Political Leaning
Conservative
If they broke the law, then they need to go to jail for it. I don't think that donating to George Bush will be on the list of charges, though. Sorry, lefties.
 

justabubba

long standing member
DP Veteran
Joined
Dec 22, 2005
Messages
50,438
Reaction score
32,191
Gender
Male
Political Leaning
Independent
If they broke the law, then they need to go to jail for it. I don't think that donating to George Bush will be on the list of charges, though. Sorry, lefties.
those donations bought them safe haven for the better part of a decade
 
Top Bottom