McCain & AZ Businessman Make PROFITABLE Land Deal-$250,000 Property Earns $18 Million In 2 Years

[kpete]

McCain helped businessman buy Fort Ord land for a fraction of its market value
JULIA REYNOLDS - MediaNews
Article Launched: 10/12/2008 01:32:02 AM PDT

MONTEREY -- An Arizona businessman, with help from Sen. John McCain's office, paid the federal government a mere fraction of the market value when he bought a Fort Ord land parcel in 1999, an Army appraisal obtained by The Monterey Herald shows.

Donald R. Diamond, an 80-year-old real estate developer, lobbyist and top fundraiser for McCain's presidential campaign, bought the land for $250,000, though it was valued at $7.2 million, according to Pentagon appraisals made three years before the sale.

He held on to the parcel for a little more than two years before selling it and the buildings on it for an estimated profit of more than $18 million.

more at:
http://www.mercurynews.com/centralcoast/ci_10703310

[WannaJumpMyScooter]

1. now there is a surprise

which does not surprise me

[crossroads]

2. He's so crooked when McSame dies, they will have to screw him into the ground!

Just like all Republican opportunists!
CR

[Bluestar]

3. Hi kpete. Where does it say "business partner"??

I love your posts and I am not defending McCain and this despicable business but did I miss the part about Diamond being McCain's business partner? Or do I misunderstand your thread title? I read the entire article and did not see it.

[kpete]

4. changed

because you were right.

peace, kp