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The complaint says the Democrat failed to report income he received from an investment.
Tuesday, October 15, 2013
RICHMOND — In 2009, when he first ran for governor of Virginia, Democrat Terry McAuliffe did not report on his Statement of Economic Interests his investment in the venture of a Rhode Island estate planner who was later accused of defrauding terminally ill people.
Pat Mullins, chairman of the Republican Party of Virginia, said Monday that he had filed an ethics complaint with Charles Judd, chairman of the state board of elections.
“I am asking the State Board of Elections to investigate this matter,” Mullins wrote in a letter to Judd, dated Sunday. “Though not nearly as troubling as McAuliffe’s participation in profiting for the demise of the terminally ill, it appears that he attempted to conceal” his dealings with Joseph Caramadre “by intentionally filing an incomplete SEI.”
McAuliffe says he was one of hundreds of passive investors in Caramadre’s venture and did not know about the allegations.
With three weeks until the election, Republican Ken Cuccinelli, who trails McAuliffe in a host of recent polls, has sought to draw attention to the Democrat’s investment, via public statements, email blasts and a television ad.
Josh Schwerin, a spokesman for McAuliffe’s 2013 gubernatorial campaign, said in a statement Monday: “The accountants who prepared and the lawyers who reviewed Terry’s SEI confirmed that everything is listed accurately.”
The McAuliffe campaign also released a statement from Joseph Sandler, the lawyer who reviewed his Statement of Economic Interests, saying: “We reviewed the investment and determined it was not required to be reported on the Statement of Economic Interest.”
The campaign did not say why Sandler, former in-house counsel to the Democratic National Committee, came to that conclusion. McAuliffe is a former DNC chairman.
McAuliffe recently donated $47,000 to the American Cancer Society, approximating the value of his profit from his investment in the venture of Caramadre, the estate planner. His campaign donated $27,000, the equivalent of Caramadre’s contribution to McAuliffe’s 2009 campaign.
According to The Associated Press, a 2011 fraud, conspiracy and identity theft indictment alleges that Caramadre and an aide stole terminally ill people’s identities and used them to falsely secure annuities or bonds that paid off when those people died. Amid his Rhode Island trial in November, Caramadre pleaded guilty to identity theft and wire fraud.
According to the Providence Journal, others who invested with Caramadre include the secretary for planning and financial services for the Roman Catholic Diocese of Providence; a former police chief of Cranston, R.I.; and the former law firm of a former Rhode Island Supreme Court justice.
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