Bump in the Road for Jeb?

[ProSense]

Bump in the Road for Jeb?

Josh Marshall

Put me down as skeptical that Jeb Bush will ever run for President. But if he does, his future campaign hit a small bump in the road today. Saturday’s Miami Herald reports high-flying Miami businessman Claudio Osorio was arrested over the weekend on federal fraud charges. Looking at the indictment it’s a familiar story. Act fancy and live large. Get some big wigs to go into business with you and then start shaking down gullible richies who will invest in your company which is little more than a Potemkin village.

In Osorio’s case it was InnoVidia, which the Herald describes as “cutting-edge producer of fiber-composite panels, which interlocked similar to Legos, and could produce affordable housing and post-disaster shelter in places like New Orleans, Haiti and developing countries overseas.” How could such a boffo idea not pan out?

Anyway, it seems the whole thing was basically scam, if not a pure scam than a company built, allegedly on various lies and false representations to potential investors. And that’s where we get to Jeb Bush, former Governor of Florida. In separate civil charges filed on December 7th, the SEC alleges that “To add an air of legitimacy to InnoVidia, Osorio recruited a high-profile board of directors for InnoVidia that included a former governor of Florida.” i.e., Jeb Bush.

To be crystal clear, there’s nothing in any of material suggesting Bush knew Osorio was a crook let alone participated in the fraud. But his responsibility, as a member of the firm’s board is significant and his place on the board seems to have had the effect Osorio intended.

- more -

http://talkingpointsmemo.com/archives/2012/12/bump_in_the_road_for_jeb.php

Oops!

[spanone]

1. K&r...

[ProSense]

2. Kick! n/t

[Sedona]

3. K&R

for all the pukes that shouted Tony Rezko from the rooftops

[UTUSN]

4. Jeb Crow Shrub has always been involved in ventures with suitcases of cash, Cuban partners, &

exploiting government programs. He's got the Poppy gene of being Too Big to Question, like when reporters questioned President Poppy about his various spawn and their profiteering and Poppy huffed, "My boys have a RIGHT to make a living!1" Or any other thing the B.F.E.E. are questioned about, either playing stoopid or how-dare-you quesition such a prominent scion as I!1


[font size=5]ON EDIT: Whups, this one is Venezuelan, not Cuban[/font]
and when I make disparaging comments about Cubans, I mean the first generation of CIA-Cubans who were wingnut BASTISTA supporters, not the now 49% who voted for OBAMA in '08 and '12. But aside from this current Venezuelan, Jeb Crow Shrub has had many Cuban associates in his financial exploits.

*************QUOTE*************

http://abcnews.go.com/Business/miami-businessman-claudio-osorio-arrested-allegedly-stealing-millions/story?id=17922246

[font size=5]Miami Businessman Claudio Osorio Arrested for Allegedly Stealing Millions From Investors[/font]

By SUZANNE YEO

A Miami businessman whom Ernst & Young once named "Entrepreneur of the Year" has been accused of swindling $40 million from investors, including some NBA stars, to support a lavish lifestyle.

Venezuelan-born Claudio Osorio, 54, was arrested Friday and charged with 23 counts of fraud and money laundering for exaggerating the success of his company, InnoVida, between March 2007 and March 2011, according to a Securities and Exchange Commission's complaint. ....

*************UNQUOTE*************

[Cha]

5. Poor Jebster/mobster

Anyway, it seems the whole thing was basically scam, if not a pure scam than a company built, allegedly on various lies and false representations to potential investors. And that’s where we get to Jeb Bush, former Governor of Florida. In separate civil charges filed on December 7th, the SEC alleges that “To add an air of legitimacy to InnoVidia, Osorio recruited a high-profile board of directors for InnoVidia that included a former governor of Florida.” i.e., Jeb Bush.

Thanks for posting Josh Marsall's piece, Pro Sense.. good to know

[SoCalDem]

6. Google Jeb Bush + sugar

Jebbie has dirty hands from MANY years of "transactions"..