... the state pollution control agency reissued the license for [the Big Agriculture] plant on the condition that the company meet with city officials to work out a plan for treating its wastes. But the state never enforced the order, and … the waste from the plant seeped into the town's drinking water. Residents became ill, and 15 months later [the Governor] declared the town a disaster area.
Meanwhile, the Governor’s Wife Makes Big Money with help from Big Agriculture[the Governor’s wife] was guided by ..., a friend, lawyer, outside counsel to [Big Agriculture], ... in turn traded through, and relied upon … expertise from, broker Robert L. "Red" Bone of Refco, a former [Big Agriculture] executive …
At one point she owed in excess of $100,000 to Refco as part of covering losses, but no margin calls were made by Refco against her.
The Money Makes a Big Difference in their Life[the Governor’s wife] engaged in a series of [speculative investments]. Her initial $1,000 investment had generated nearly $100,000 …
The proceeds helped them to buy a home, to invest in securities and real estate and eventually to provide a nest egg for their young daughter, according to the couple's associates and a review of the family's financial records.
Not Worried About A Perceived Conflict of Interest?If [she] was worried about the perception of a sweetheart deal between herself and someone who represented the largest agribusiness ... while her husband was Governor, it didn't show.
Failed to Report Income to the IRS…. said today that [the wife of the former Governor] made $6,498 in a [speculative investments] venture … and never reported the profit to the Internal Revenue Service.
The disclosure was the latest in a series of revised explanations ... [the wife of the former Governor] had previously said through her lawyers and aides that she invested $5,000 in the account, lost $1,000 and withdrew from additional trading ...
After disclosing the problem today, [they] paid the Internal Revenue Service and the ... state government $14,615 in back taxes and interest.
100X Return on Investment in Under A Year. Luck or Something Else?This paper investigates the odds of generating a 100-fold return … The tests are constructed to give the investor the benefit of the doubt whenever doubt exists. The most conservative finding is that the probability is one in approximately thirty-one trillion. Assuming that the return is made in the most efficient way possible, this probability falls to approximately 1.5×10−16.