APNewsBreak: US Rep. Alan Grayson of Florida loses $18M in fraud scheme

  • Article by: MATTHEW BARAKAT , Associated Press
  • Updated: December 9, 2013 - 4:05 PM

McLEAN, Va. — U.S. Rep. Alan Grayson of Florida lost $18 million in a scheme that cheated him and about 120 other investors out of more than $35 million, according to court papers.

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texas_technomanDec. 10, 13 1:55 PM

If you can afford lose $18m, then you might be out of touch with us mere mortals....

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mylittleidDec. 10, 1310:41 PM

"If you can afford lose $18m, then you might be out of touch with us mere mortals...." --- Grayson was not born into wealth. He grew up in the tenements in the Bronx. He worked his way through Harvard College as a janitor and nightwatchman. But he is very smart and very well educated, and he has been very successful.

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luzhishenDec. 11, 13 8:38 AM

I prefer this to the usual scenario of Congressmen going from rags to riches while in office.

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