Alan Grayson Reflects On Getting Scammed Out Of $18 Million

[Tx4obama]

Alan Grayson Reflects On Getting Scammed Out Of $18 Million

WASHINGTON -- Rep. Alan Grayson (D-Fla.), who was revealed this week to have been scammed out of $18 million, said he's glad justice found a way to work its will in his case, but wondered why it's so rare.

William Chapman was sentenced Friday to 12 years in federal prison for cheating more than 100 people out of more than $35 million, which he used to fund high-end Virginia living that included, naturally, a Ferrari and a Lamborghini.

"Turns out I bought that car," Grayson said.

"The system actually is capable of incarcerating someone for more than a decade when the system determines there was fraud," Grayson reflected. "You just wonder why it doesn't happen more often, since the fraud is so widespread."

Grayson, in an interview with The Huffington Post, noted that his loss to Chapman occurred before he became a congressman, meaning that his recent financial disclosure reports -- showing him to be worth many tens of millions of dollars -- are still accurate. "I'm not in rough shape because I don't put all my eggs in one basket," he said.

-snip-

Full article here: http://www.huffingtonpost.com/2013/12/10/alan-grayson-scam_n_4422599.html

[msongs]

2. the "system" has not incarcerated anyone for theft of $$ trillions in 2008 nt

[kristopher]

3. That sounds like his point all right. nt

[Nye Bevan]

4. Isn't Madoff incarcerated for more than a decade? (nt)