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Obama bundler helps convicted, alleged financial criminals secure Virgin Islands tax breaks?

~ The Rebel ~ 2012/04/13 16:09:54

Marjorie Rawls Roberts, who has pledged to raise between $100,000 and $200,000 for President Obama’s 2012 campaign, has faced heat in recent months after news reports confirmed that she helps her wealthy clients navigate the kinds of offshore tax benefits the president has publicly criticized. And now The Daily Caller has learned exactly who some of those wealthy clients are.

Roberts helped recently convicted $7 billion ponzi schemer R. Allen Stanford with his application for tax benefits from the U.S. Virgin Islands Economic Development Corporation. Those benefits permit recipients to avoid paying some — or all — of their taxes, as long as they live in the U.S. territory for the majority of a given tax year and fulfill certain financial and development obligations to the local economy.

The Virgin Islands Daily News reported that Stanford applied for those tax breaks in 2006, and that the territory’s current governor, Democrat John de Jongh, approved the application after taking office in 2007.

Stanford, who was convicted of defrauding 30,000 of his investors with bogus investments in his Antiguan bank while living a lavish lifestyle from the spoils of his scheme, owes hundreds of millions in back taxes. In early 2009, the Associated Press reported that the federal government placed four tax liens against Stanford, totaling about $212 million, between 2007 and 2008.

Read More: http://dailycaller.com/2012/04/12/obama-bundler-he...

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  • beach bum 2012/04/14 23:29:26
    beach bum
    +1
    reminds me of enron or the savings and loan scandal with keating
  • keeper 2012/04/13 16:19:30
    keeper
    +1
    Don't you just love crooks running our country!
  • Reichstolz 2012/04/13 16:14:12
    Reichstolz
    +1
    NOT A BLUNDER, that is how it is done in Washington. He is just paying back those who pay him. Incestuous circle of political molesters.
  • ~ The Rebel ~ 2012/04/13 16:11:15
    ~ The Rebel ~
    In addition to helping wealthy clients navigate tax loopholes in the Virgin Islands, Roberts has been a major financial supporter of New York Democratic Rep. Charlie Rangel. Rangel has fought to ease IRS tax pressures on Americans in the U.S. Virgin Islands.

    Read more: http://dailycaller.com/2012/0...

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2013/05/18 10:22:55

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