Rep. Alan Grayson loses $18M in stock scheme
Florida Rep. Alan Grayson, known as a heated defender of Democratic Party principles and partisan attacker of Republican views — especially during the Obamacare debates — was one of more than 100 victims of a massive stock trade scheme.
He lost about $18 million, the congressman’s office said, Fox News reported.
Mr. Grayson‘ loss came to light during the court sentencing of William Dean Chapman, who was given 12 years in prison for taking investors’ money and using it to buy a Lamborghini, a Ferrari and a $3 million house.
Mr. Grayson’s identity was hidden in most court documents, but twice he was mentioned by name, Fox News said.
Read more: http://www.washingtontimes.com/news/2013/dec/10/rep-alan-grayson-loses-18m-stock-scheme/?utm_source=feedly