Friday, March 6, 2009
Will Maffei (and Arcuri) Return Dirty Cash?
In case you missed the story back in February, R. Allen Stanford, a Texas billionaire, was accused of more than $8 billion in investment fraud. Just two months after the Bernie Madoff story broke, Stanford’s activities became public and the assets of his companies were frozen by the Securities & Exchange Commission. R. Allen Stanford was also an extravagant - and bipartisan - contributor to political campaigns. Once the story of his massive fraud case was publicized, many politicians were asked to return contributions made by Stanford, and many complied or donated an equal amount to charity. Central New York congressman Dan Maffei received $4,550 from R. Allen Stanford and as of the time of this posting, Maffei has not made a public statement about what he plans on doing with the tainted contribution. Will Maffei keep the $4,550 like he kept corrupt Rep. Charlie Rangel’s money as others were returning it? (Heck, even Charlie Rangel is dropping the Stanford money like a hot potato.) It’s also important to note that another Central New York Congressman received tainted cash as well. Rep. Mike Arcuri was the recipient of another $4,000 donation by R. Allen Stanford.
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