Thursday, March 24, 2005

Soros Conviction Upheld

George Soros, the man befind campaign finance reform, has had his conviction on insider trading upheld by a French appellate court. He is facing a fine of $2.87 million, which is chump change for Soros and about 10% of what he spent trying to defeat Dubya. is reporting Soros will continue to appeal his conviction.The article has some other bad news for old George:

"A Soros critic was quick to comment on Thursday's ruling. "This affirmation of Soros's criminal conviction adds to the doubts about Soros's credibility and business ethics," stated Peter Flaherty, the president of the conservative National Legal and Policy Center (NLPC).

"Soros is quick to find fault with those [with] whom he disagrees. During 2004, Soros spent millions bankrolling ads that challenged the honesty and truthfulness of other people. The French court action underscores Soros's arrogance and hypocrisy," Flaherty added.

Soros also misrepresented his original 2002 insider trading conviction while speaking at various anti-Bush campaign appearances last year, according to Flaherty.

Flaherty said that during his own questioning of Soros at an Oct. 19, 2004 political event in Harrisburg, Pa., the liberal financier denied that he had been convicted of insider trading or that he had been fined by the French court."
A classic example of do as I say, not as I do. Remember, this is the guy that funded a great deal of campaign finance reform, which is also under a cloud considering it was presented by an intentional fraud to Congress and the American People (see 'Buying Reform' and other posts here on this issue).

Further, the article has some other things of interest about Soros an possible additional legal problems.
"The insider trading conviction is not Soros's only legal headache. In January, the NLPC filed a formal complaint with the Federal Election Commission (FEC), alleging "extensive apparent violations by Soros of the Federal Campaign Act" for "fail[ing] to report significant expenditures related to his anti-Bush tour.""
Looks like Soros only wanted campaign finance reform for everyone else, but not his pompous, self important self. Also remeber Soros, through his Open Society group, is a major funder of the Reform Institute as well as - Sailor

No comments:

Post a Comment