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Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Ken Cuccinelli owns $10,000 of Star Scientific Stock, Failed to Properly Disclose
Posted by:
Uh Oh
()
Date: July 12, 2013 03:38PM
As Virginia Republican Governor Bob McDonnell tries to wheel and deal his way out of a felony conviction for corruption so brash, arrogant and ignorant it perfectly fits his moniker of “family values Republican”, the Attorney General he endorsed as the current gubernatorial candidate, Ken Cuccinelli (R), has been pretending it’s no biggie.
Well, it was no biggie until it looked like a federal grand jury was coming together and then all of the sudden, Virginia’s head lawyer suddenly wanted to take credit for the investigation into his boss.
The problem for the Tea Party-backed Ken, other than his extremism coming back to haunt him, is a trail of Star Scientific corruption following Cuccinelli that looks a lot like the trail of felony corruption that’s causing Gov. McDonnell to flee his office. Cuccinelli also owns $10,000 of Star Scientific stock, which sets him above even McDonnell in the private interest department. He also failed to properly disclose that investment, along with some gifts and such from Star Scientific. He didn’t “remember” to make the disclosure until after Star revealed it was under federal investigation.
http://www.politicususa.com/2013/07/12/criminal-corrpution-mcdonnell-spills-virginia-ag-ken-cuccinelli.html
Well, it was no biggie until it looked like a federal grand jury was coming together and then all of the sudden, Virginia’s head lawyer suddenly wanted to take credit for the investigation into his boss.
The problem for the Tea Party-backed Ken, other than his extremism coming back to haunt him, is a trail of Star Scientific corruption following Cuccinelli that looks a lot like the trail of felony corruption that’s causing Gov. McDonnell to flee his office. Cuccinelli also owns $10,000 of Star Scientific stock, which sets him above even McDonnell in the private interest department. He also failed to properly disclose that investment, along with some gifts and such from Star Scientific. He didn’t “remember” to make the disclosure until after Star revealed it was under federal investigation.
http://www.politicususa.com/2013/07/12/criminal-corrpution-mcdonnell-spills-virginia-ag-ken-cuccinelli.html
Re: Ken Cuccinelli owns $10,000 of Star Scientific Stock, Failed to Properly Disclose
Posted by:
Liberal Logic 76
()
Date: July 12, 2013 03:43PM
PLEASE make this election about improper gifts and political deals, please please please.
Re: Ken Cuccinelli owns $10,000 of Star Scientific Stock, Failed to Properly Disclose
Posted by:
Kenn
()
Date: July 12, 2013 03:44PM
"You know you're in trouble when your opponent is Terry McAuliffe & your own sleaze has taken the corruption issue off the table." -- Billmon
Re: Ken Cuccinelli owns $10,000 of Star Scientific Stock, Failed to Properly Disclose
Posted by:
No Doubt About It
()
Date: July 14, 2013 11:59AM
Kenn Wrote:
-------------------------------------------------------
> "You know you're in trouble when your opponent is
> Terry McAuliffe & your own sleaze has taken the
> corruption issue off the table." -- Billmon
+1
-------------------------------------------------------
> "You know you're in trouble when your opponent is
> Terry McAuliffe & your own sleaze has taken the
> corruption issue off the table." -- Billmon
+1
Correction
Posted by:
Last Post
()
Date: July 14, 2013 10:27PM
It was twice that number - $20,000.
The scandal has also tainted Virginia Attorney General Ken Cuccinelli, a Tea Party darling who is currently running to replace McDonnell when his term ends in January.* Cuccinelli violated state law several years ago by failing to disclose $20,000 worth of stock in Star Scientific, a tobacco supplement company currently under federal investigation.
http://www.slate.com/blogs/the_slatest/2013/07/02/virginia_governor_bob_mcdonnell_asked_to_resign_over_growing_scandal.html
The scandal has also tainted Virginia Attorney General Ken Cuccinelli, a Tea Party darling who is currently running to replace McDonnell when his term ends in January.* Cuccinelli violated state law several years ago by failing to disclose $20,000 worth of stock in Star Scientific, a tobacco supplement company currently under federal investigation.
http://www.slate.com/blogs/the_slatest/2013/07/02/virginia_governor_bob_mcdonnell_asked_to_resign_over_growing_scandal.html
Re: Ken Cuccinelli owns $10,000 of Star Scientific Stock, Failed to Properly Disclose
Posted by:
Curmudgeon
()
Date: July 14, 2013 11:17PM
can we just vote to leave the job unfilled? that way nothing gets screwed up any worse, and the state doesn't have to pay salary and benefits.
Re: Ken Cuccinelli owns $10,000 of Star Scientific Stock, Failed to Properly Disclose
Posted by:
Curmudgeon
()
Date: July 14, 2013 11:17PM
can we just vote to leave the job unfilled? that way nothing gets screwed up any worse, and the state doesn't have to pay salary and benefits.
Ken Cuccinelli owns $20,000 of Star Scientific Stock, Failed to Properly Disclose
Posted by:
Last Post
()
Date: July 15, 2013 12:16AM
Curmudgeon Wrote:
-------------------------------------------------------
> can we just vote to leave the job unfilled? that
> way nothing gets screwed up any worse, and the
> state doesn't have to pay salary and benefits.
I would "+1" this, but I see that you already did.
But, would we get the nipple back on our flag? It offsets the corpse nicely.
-------------------------------------------------------
> can we just vote to leave the job unfilled? that
> way nothing gets screwed up any worse, and the
> state doesn't have to pay salary and benefits.
I would "+1" this, but I see that you already did.
But, would we get the nipple back on our flag? It offsets the corpse nicely.
Re: Ken Cuccinelli owns $10,000 of Star Scientific Stock, Failed to Properly Disclose
Posted by:
New York Times runs story now
()
Date: July 16, 2013 06:02AM
Virginia’s Attorney General Faces Scrutiny for Ties to Executive
He first bought the tiny company’s stock after bunking down in its chief executive’s six-bedroom home.
He added to his holdings soon after the rollout of a new product that the company hinted could be a cure for Alzheimer’s disease.
As the stock reached a 52-week high last year, he sold part of his portfolio for a $4,000 profit.
Kenneth T. Cuccinelli II, Virginia’s attorney general, said that the timing of his ownership of Star Scientific shares reflected nothing more than his own investment analysis.
Star Scientific and its chief executive have been at the center of an exploding political drama in Virginia as state and federal investigators look into lavish gifts that the executive, Jonnie R. Williams Sr., gave Gov. Bob McDonnell.
And now, despite his efforts to distance himself, scrutiny is growing of Mr. Cuccinelli’s ties to the executive.
Aides to Mr. Cuccinelli, the Republican candidate for governor this year, insisted he enjoyed nothing like the relationship to Mr. Williams that Mr. McDonnell had. Last week Mr. Cuccinelli indirectly condemned Mr. McDonnell, a fellow Republican, for the first time, lamenting, “What we’ve all been seeing is very painful for Virginia.”
The statement followed a report that Mr. Williams’s gifts to the governor and his family totaled $145,000, and included a Rolex watch, designer clothing and a $50,000 check to Mr. McDonnell’s wife. The gifts were first revealed in The Washington Post.
Mr. Williams, 57, also gave the attorney general $18,000 worth of gifts, including frequent stays at Mr. Williams’s homes outside Richmond and in the Blue Ridge Mountains, according to Mr. Cuccinelli’s financial disclosure statements. Mr. Cuccinelli at first failed to report some gifts, as well as his Star Scientific stock, as required by law, which he has said was an oversight.
The attorney general is not known to be a target of the investigations into Mr. McDonnell, including one by a federal grand jury. At no time, the attorney general said, did he receive stock tips from the executive. But Mr. Cuccinelli’s buying and selling of Star Scientific shares raises questions about whether he and Mr. Williams were as distant as campaign aides insist.
Star Scientific was Mr. Cuccinelli’s only stock holding worth more than $10,000 since he became attorney general, according to his disclosure forms. In at least two cases, his buying and selling was closely timed to vacations he and his family enjoyed as guests of Mr. Williams.
In a statement, the campaign said that Mr. Cuccinelli never discussed his stock purchases or sales with Mr. Williams “at any point in time.”
On Friday, a Virginia judge ruled that a trial of Mr. McDonnell’s former Governor’s Mansion chef, whose statements to investigators first drew them to Mr. Williams, could proceed in October. The trial, on charges of pilfering food from the governor’s kitchen, will return all the players to the footlights just a few weeks before Mr. Cuccinelli faces Terry McAuliffe, his Democratic opponent, at the polls.
For a relative novice at stock picking, Mr. Cuccinelli’s investment in Star Scientific was highly unusual. It is a thinly traded stock in a company that has lost money for a decade. It stayed afloat by selling stock at a discount in “private placements” to large investors, whose hopes were repeatedly raised by company promotions about big payoffs.
Continues at link above
He first bought the tiny company’s stock after bunking down in its chief executive’s six-bedroom home.
He added to his holdings soon after the rollout of a new product that the company hinted could be a cure for Alzheimer’s disease.
As the stock reached a 52-week high last year, he sold part of his portfolio for a $4,000 profit.
Kenneth T. Cuccinelli II, Virginia’s attorney general, said that the timing of his ownership of Star Scientific shares reflected nothing more than his own investment analysis.
Star Scientific and its chief executive have been at the center of an exploding political drama in Virginia as state and federal investigators look into lavish gifts that the executive, Jonnie R. Williams Sr., gave Gov. Bob McDonnell.
And now, despite his efforts to distance himself, scrutiny is growing of Mr. Cuccinelli’s ties to the executive.
Aides to Mr. Cuccinelli, the Republican candidate for governor this year, insisted he enjoyed nothing like the relationship to Mr. Williams that Mr. McDonnell had. Last week Mr. Cuccinelli indirectly condemned Mr. McDonnell, a fellow Republican, for the first time, lamenting, “What we’ve all been seeing is very painful for Virginia.”
The statement followed a report that Mr. Williams’s gifts to the governor and his family totaled $145,000, and included a Rolex watch, designer clothing and a $50,000 check to Mr. McDonnell’s wife. The gifts were first revealed in The Washington Post.
Mr. Williams, 57, also gave the attorney general $18,000 worth of gifts, including frequent stays at Mr. Williams’s homes outside Richmond and in the Blue Ridge Mountains, according to Mr. Cuccinelli’s financial disclosure statements. Mr. Cuccinelli at first failed to report some gifts, as well as his Star Scientific stock, as required by law, which he has said was an oversight.
The attorney general is not known to be a target of the investigations into Mr. McDonnell, including one by a federal grand jury. At no time, the attorney general said, did he receive stock tips from the executive. But Mr. Cuccinelli’s buying and selling of Star Scientific shares raises questions about whether he and Mr. Williams were as distant as campaign aides insist.
Star Scientific was Mr. Cuccinelli’s only stock holding worth more than $10,000 since he became attorney general, according to his disclosure forms. In at least two cases, his buying and selling was closely timed to vacations he and his family enjoyed as guests of Mr. Williams.
In a statement, the campaign said that Mr. Cuccinelli never discussed his stock purchases or sales with Mr. Williams “at any point in time.”
On Friday, a Virginia judge ruled that a trial of Mr. McDonnell’s former Governor’s Mansion chef, whose statements to investigators first drew them to Mr. Williams, could proceed in October. The trial, on charges of pilfering food from the governor’s kitchen, will return all the players to the footlights just a few weeks before Mr. Cuccinelli faces Terry McAuliffe, his Democratic opponent, at the polls.
For a relative novice at stock picking, Mr. Cuccinelli’s investment in Star Scientific was highly unusual. It is a thinly traded stock in a company that has lost money for a decade. It stayed afloat by selling stock at a discount in “private placements” to large investors, whose hopes were repeatedly raised by company promotions about big payoffs.
Continues at link above