The hedge fund founded and until recently run by billionaire environmentalist Tom Steyer was deeply involved in an alleged Ponzi scheme that siphoned tens of millions of dollars from foreign investors, an analysis of public records shows.
The former hedge fund of one of the Democratic Party’s most important donors was involved in a scheme to defraud foreign investors out of tens of millions of dollars, according to documents filed in a Texas court.
Farallon Capital Partners L.P., a fund run by Farallon Capital Management, the multibillion-dollar hedge fund founded by Democratic donor Tom Steyer, became a limited partner in a project to build a large shopping mall near Seattle, Wash., in the mid-1990s after it guaranteed a line of credit for the project.
Hotel executive and Democratic fundraiser Sant Singh Chatwal pleaded guilty on Thursday in New York to witness tampering and conspiracy to evade campaign finance laws, the Associated Press reports.
The Associated Press reports that the Democratic Party’s Big Money juggernaut grows stronger by the day. According to early filings, Democrats “seem to have a roughly 3-to-1 advantage over Republicans in cash raised and banked through independent groups.”
Senate Majority PAC, a Democratic group run by former aides to Senate Majority Leader Harry Reid (D., Nev.) has been particularly adept at convincing The One Percent to buy our democracy with large sums of sweet cash:
Democrats who claim to revile money in politics are throwing their weight behind a new effort by a pair of leading environmentalist groups to pour special interest money into federal elections.
The Democratic Party’s Senate campaign arm is warning donors about the pernicious influence of the Koch Brothers, and offering to match contributions—using money from unnamed Democratic donors—to combat them.
“I see lobbying,” Tony Podesta has said, “as getting information in the hands of people who are making decisions so they can make more informed decisions.” Last week the information Tony Podesta was giving was the divorce complaint he had filed in D.C. Court against his wife Heather. The hands receiving the information were those of a gossip columnist for the Washington Post, who made the “informed decision” to report on it. Later in the day Heather, who is also a lobbyist, passed the text of her counter-suit to the Post. It published a follow-up.
The communications giant Comcast announced in February that it would buy Time Warner Cable for $45 billion, creating the largest cable provider in America, with more than 33 million customers. That is about one third of the U.S. cable and satellite television market. FCC approval is required for the merger to go into effect. Critics of the deal say it would lessen competition and lead to even shoddier customer service. They are probably right, as all of us will soon find out, because there is little chance the merger will be stopped. Comcast, Time Warner, and their political fixers have spent years preparing for this moment—by buying off the Democratic Party.
Billionaire Democratic donor George Soros got a favorable ruling in court today, with a five-judge panel ruling that his refusal to follow through on a promised $2 million New York City apartment did not cause his half-century younger ex-girlfriend any emotional pain.