Another one

[Old Rocks]

Former Ore. governor hopeful takes plea deal | KOIN.com

Craig Berkman, who ran for governor in 1994, pleaded guilty Tuesday to securities fraud.

Investigators said he claimed to own Facebook shares when he didn’t and then told them to more than 100 investors. He is accused of telling investors their funds “would be used to acquire highly coveted, pre-IPO shares of Facebook, LinkedIn, Groupon and Zynga,” court documents state.

Berkman — who lives in Odessa, Florida — is admitted to pocketing $13 million, court documents reveal. Federal prosecutors said Berkman transferred more than $6 million of investor funds to his personal bank account.

Berkman used to head up several Portland-based investment funds and was once the chair of the Oregon Republic Party.

At one time, Oregon had some exemplary Republican Governors. But for the last 20 years, they have ran people who often ended up behind bars, just like this fellow. Hopefully, the Oregon GOP will kick out the wingnuts presently controling the party, and once again offer us people like Governor Tom McCall.

 

[Mad Scientist]

From the article:

Investigators said he claimed to own Facebook shares when he didn’t and then sold them to more than 100 investors. He is accused of telling investors their funds “would be used to acquire highly coveted, pre-IPO shares of Facebook, LinkedIn, Groupon and Zynga,” court documents state.

It's widely acknowledged that the FaceBook IPO was a "pump and dump" scam not limited to any one Party as many people got burned.

Yes, the Bankers DO control both but it's cute that you think they don't.

SIDEBAR: Telling investors that you own something but you don't then selling it many times over is exactly how the 1,600 Trillion in Bundled Mortgage Securities were/are sold by Bankers.