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Archive of entries posted on December 2009

As Rep. Wexler departs, his curious $150,000 campaign bet goes bust

By Dan Christensen, browardbulldog.org
South Florida U.S. Rep. Robert Wexler’s 13-year sojourn in Congress is almost over, but his campaign – or rather his campaign’s fat bank account – will run on indefinitely.
But the Wexler campaign’s final takeaway is likely to be lighter than the congressman expects. The reason: the apparent total loss of Wexler’s unusual and secretive investment of $150,000 [...]

Two doctors fined, another to trial in top Republican fundraiser’s insider trading case

By Dan Christensen, browardbulldog.org
The former chairman of the Florida Board of Medicine and another Fort Lauderdale physician have agreed to pay substantial sums to settle federal civil charges of insider stock trading.
Dr. Mammen P. Zachariah, appointed to the board of medicine by Gov. Jeb Bush in 2004, and Dr. Sheldon Nassberg allegedly reaped illegal windfalls [...]

Executives talk, but PBS&J walks in campaign scheme

By Dan Christensen, browardbulldog.org
Political gridlock in Washington has let one of Broward’s biggest government contractors off the hook for any liability in a decades-long scheme to win contracts by shoveling out illegal campaign contributions.
PBS&J was not charged with a crime two years ago when its two immediate past chairmen pleaded guilty in federal court in [...]

FBI used paid informant against Eggelletion

By Dan Christensen, browardbulldog.org
An obscure Fort Lauderdale businessman with international connections and a history of helping the FBI was a paid informant in the U.S. government’s case against suspended Broward commissioner Josephus Eggelletion, court records show.
How much the government paid Patrick J. Lochrie, and what he did to earn that money, was not disclosed and [...]

Rothstein arranged $6 million, high-interest loan to Riverside Hotel

By Dan Christensen, browardbulldog.org
 
Jailed ex-lawyer Scott Rothstein arranged a $6 million loan at a high rate of interest last spring to a subsidiary of The Las Olas Company, the struggling owner of Fort Lauderdale’s Riverside Hotel, county land records show.
Las Olas Company president and chairman Irving Bowen mortgaged the venerable hotel to obtain the short-term [...]