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Congresswoman Funneled $294,245 in Campaign Cash to Herself
Rep. Grace Napolitano (U know the party-CA) has bagged at least $294,245 since 1998 by loaning her congressional campaign money at interest rates up to 18%--a scheme that effectively funneled campaign contributor donations directly into her personal bank account.Income reporting? Any taxes paid on that money ? The self-loan ruse was exposed Sunday night during a joint investigation by 60 Minutes and Government Accountability Institute (GAI) President Peter Schweizer based on Schweizers forthcoming book, Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets. Easily mitigated with term limits. After numerous attempts to interview Napolitano, Kroft finally confronted her outside a Hispanic Caucus meeting. 60 Minutes has turned on the Party. MSM scales falling away. She told us that as a woman and a minority, banks wouldnt lend her money, so she had to withdraw $150,000 from an investment account to lend it to her campaign, said Kroft. Quickly pulled the minority victim card did she ? Kroft then questioned why she would charge 18% interest. Thats what the Mafia gets, said Kroft. Steve, just think of it as a 'reverse mortgage' on America. It isnt like Ive really profited, said Napolitano. I still live in the same house. I drive a small car. I am not a billionaire, or a millionaire, for that matter. Posted by: Besoeker 2013-10-22 |
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