Will Hillary Give The Money Back?

- October 15, 2013

Tonight, Hillary Clinton Is Again Raising Money For Virginia Gubernatorial Candidate Terry McAuliffe. "Hillary Clinton, who's hosting a fundraiser for Virginia Democratic gubernatorial hopeful Terry McAuliffe later this month, will host a second event for the candidate in October, POLITICO has learned. Clinton will host a second fundraiser on Oct. 15 in New York City, with a private reception costing $25,000 per couple, two sources said. (Maggie Haberman, "Hillary Clinton To Do Second Event For Terry Mcauliffe," Politico, 9/18/13)

  • Clinton Is Also Set To Formally Endorse McAuliffe On Saturday. "Former Secretary of State Hillary Rodham Clinton will formally endorse Terry McAuliffe, the Democratic candidate for governor, on Saturday in Falls Church. Clinton will attend a 'Women for Terry' event at The State Theatre. Among others attending the event will be Dorothy McAuliffe; Del. Charniele L. Herring, D-Alexandria, chairman of the Democratic Party of Virginia; and Leni Gonzalez, a member of Latinos Con Terry." (Andrew Cain, "Hillary Clinton To Campaign For Mcauliffe Saturday In Falls Church," Richmond Times-Dispatch , 10/15/13)


Joseph Caramadre Pled Guilty To Stealing The Identities Of Terminally Ill People In Order To Reap $30 Million From Insurance Companies & Brokerage Houses. "Two men accused of stealing the identities of terminally ill people to reap $30 million from insurance companies and brokerage houses pleaded guilty Monday, several days into their trial, and face prison sentences of up to 10 years each. Estate planning lawyer and philanthropist Joseph Caramadre, 50, and his former employee Raymour Radhakrishnan, 28, each entered guilty pleas in U.S. District Court in Providence to single counts of wire fraud and conspiracy, ending the trial that began last week and had been expected to last up to three months." (Erika Neidowski, "RI Men Plead Guilty To Cheating The Terminally Ill," The Associated Press, 11/19/12)

  • Caramadre Tricked Terminally Ill People Into Giving Him Their Personal Information, Which He Then Used To Take Out Annuities In Their Names That Paid Out Big When They Died. "Mr. Caramadre paired investors such as Mr. McAuliffe with terminally-ill people, intending to profit from built-in investment guarantees that were triggered when the people died. According to prosecutors, Mr. Caramadre sometimes recruited terminally ill people by deception. Among other things, he placed an advertisement in a local Catholic newspaper offering $2,000 to terminally ill people, purportedly from a "compassionate organization." Prosecutors claimed Mr. Caramadre and an associate either forged the names of these people on bond and insurance documents, or obtained their signatures through misrepresentations." (Mark Maremont, "Virginia's McAuliffe Was Investor With Convicted Estate Planner," The Wall Street Journal , 10/10/13)

Since 2005, Joseph And Paula Caramadre Have Contributed $13,000 To Hillary Clinton. (Center For Responsive Politics, Accessed 10/15/13)

Since 2009, Joseph Caramadre Has Contributed $26,599 To Terry McAuliffe. (Virginia Public Access Project, Accessed 10/15/13)

  • McAuliffe Was Also An Investor In Caramadre's Scheme. "Virginia gubernatorial candidate Terry McAuliffe was one of dozens of investors with a Rhode Island estate planner charged with defrauding insurers by using the stolen identities of terminally ill people, according to court documents filed Wednesday by federal prosecutors in Providence." (Fredrick Kunkle, "McAuliffe Among Investors In Rhode Island Insurance Scam That Preyed On Dying People," The Washington Post , 10/10/13)

McAuliffe Has Donated Caramadre's Contributions To Charity, But Clinton Has Remained Silent

McAuliffe Has Already Donated Caramadre's Campaign Contributions And Investment Profits To Charity. "Federal court documents do not accuse McAuliffe of wrongdoing, and it wasn't clear whether he had made money or lost money on the investments. His campaign spokesman said McAuliffe was a "passive investor" who was deceived like many others. Spokesman Josh Schwerin also said that the campaign and McAuliffe donated sums to the American Cancer Society totaling $74,000 - approximately the amount McAuliffe earned as a return on the investment and received in a campaign donation from Caramadre. (Fredrick Kunkle, "McAuliffe Among Investors In Rhode Island Insurance Scam That Preyed On Dying People," The Washington Post , 10/10/13)

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