Big GOP donor among 2 indicted in alleged resort scam

Big GOP donor among 2 indicted in alleged Dominican resort scam

Mitt Romney with Tiffany and James Catledge at 2010 fundraiser for Meg Whitman, GOP candidate for California governor.

Two figures at the center of an alleged $164 million real estate scam marketed out of South Florida have been indicted by a federal grand jury in San Francisco on mail fraud and conspiracy charges.

James B. Catledge, an investment guru who has a history of being a major Republican Party donor, and Canadian businessman Derek F.C. Elliott, are accused of fraudulently soliciting $91.3 million from investors to build a resort in the Dominican Republic that never opened.

Each man faces up to 20 years in prison, and a maximum fine that is twice the value of the property involved.

The six-page indictment announced Friday is a bare-bones document that, despite the enormous sums involved, provides few details about the scope of the alleged fraud, how many people were burned or the identities of victims.

The indictment grew out of an FBI investigation that began 2 1/2 years ago during a civil racketeering lawsuit in Miami federal court filed by 230 disgruntled investors in the ill-fated EMI Sun Village Resort and Spa.

In 2008, while authorities contend the scam was in operation, Catledge contributed more than $100,000 to the Republican National Committee, John McCain’s presidential campaign and other Republican causes.

On May 28, 2008, Catledge and his wife attended what the Deseret News in Salt Lake City reported was a $70,000-a-couple dinner with President George W. Bush at Mitt and Ann Romney’s vacation home in Deer Valley, Utah.

http://openchannel.nbcnews.com/_news/20 ... -scam?lite

Lifestyles of the Rich, Famous--and 1%-ers...

Another home in Deer Valley? I wonder if that one has a car-elevator too? I wonder how many jobs these job-creators created while they were swindling people? Perhaps they can find him a nice comfy cell next to Bernie Madoff?

http://www.thegatewaypundit.com/2012/04 ... the-world/

http://pjmedia.com/tatler/2012/04/02/to ... tem-again/

http://dailycaller.com/2012/09/24/attor ... ty-donors/

http://www.usnews.com/opinion/blogs/nan ... -hypocrisy

http://www.freerepublic.com/focus/f-news/2924399/posts

http://www.opensecrets.org/pres12/contr ... =N00009638

http://politicaljunkiemom.wordpress.com ... nst-obama/

Whitewater II is the name of the Dominican scandal.

I notice that the left doesn't have a comment on the MULTIPLE links provided in regards to illegal or corrupt campaign donations for their guy.

Sorry, I type slow on a cell phone.

I keep forgetting that anything a Republican does is OK because a democrat did it too. I wonder of that goes for murder?

But thanks for all the research Becky, not an unbiased source in the bunch. I particularly like the complaints about Obama's foreign donors white Romney supporters are having a major fundraiser in Hong Kong.

See, we can do the you do it too defense also.

Still got nothing but old "they did it too" responses?

That's what I thought....

Didn't say it was alright *sshat......your biggest problem archer is you routinely put words and thoughts into peoples mouths with no regard for any real conversation. That is why you or LJ are NEVER taken very seriously here or anywhere else for that matter.

Reminds me a of a fly buzzin round your head.

Still got nothing but old "they did it too" responses?

That's what I thought....

So tell me becky..does posting a list of right wing sources with no comment by you foster real conversation? Look in the mirror girl before you start calling names and slinging insults.

LOL....archer....I just consider the source honey.
Hell will freeze before I care what you or LJ think of me.