Judicial Watch's Case Against Terry McAuliffe

[Herb Schaffler]

From blogger at Obama site:

Terry McAuliffe, DNC Chairman, Makes $18,000,000 Profit On $100,000 Investment
When Enron filed for bankruptcy, the largest in our nation’s history, Clinton crony Terry McAuliffe was among the first to cast his verbal stones. The DNC Chairman criticized greedy Enron executives for hurting the “small people,” calling for a full investigation. He lashed out at the wealthy special interests. He questioned the company’s ties to the Bush Administration. Armed with what he perceived to be a winning campaign issue against Republicans and their popular president, McAuliffe was relentless. Ironically, the Bush Administration’s cozy ties with Enron are subject to JW’s investigation.

So why has the Democratic Party’s most spotlight hungry mouthpiece faded from view? Two words. Global Crossing.

While the SEC and FBI begin to probe the questionable accounting practices of telecommunications giant Global Crossing, Ltd., which went belly up on January 28, Judicial Watch has launched a full investigation into Terry McAuliffe’s ties to the company.

In what is an unprecedented case of political profiteering, McAuliffe turned a $100,000 initial investment in the company into $18 million in less than a year and a half—a nifty 18,000% profit. According to the New York Times, McAuliffe made millions more trading the stock and options after the company went public in 1998.
But McAuliffe’s shady ties to the company go beyond his questionable investment windfall. According to the press reports, McAuliff also did “political work” for Global Crossing CEO Gary Winnick, working out of an office in downtown Washington owned by Winnick. On one occasion, McAuliffe set up a golf outing for Winnick and then-President Clinton. Winnick would later give a million dollars to Clinton’s presidential library. The question is: what did he and Global Crossing receive in return?

Crossing the Line

Shortly after Winnick’s generous contribution to Clinton’s legacy building library, Global Crossing was awarded a $400 million contract by the Pentagon.

[LINK POSTED BY MEMBER] Only Members Can View This No Hillary For President Forum Link. Enron, Global Crossing had artificially inflated its stock price while executives engaged in massive stock selling in the year leading up to filing for bankruptcy. While Global brass made billions, employees lost.
“Terry McAullife’s astonishing profit reeks of potential insider trading, especially given his role in selling government favors for campaign contributions during the Clinton Administration,” said JW Chairman Larry Klayman.