Friday, July 11, 2008

ANOTHER PROBLEM FRIEND OF MCCAIN

Justin Rood , ABC A former investment banker who admitted to "loaning" himself millions from his client's accounts without their knowledge is a fundraiser and donor for John McCain's presidential campaign and the Republican party. In a 2006 interview with the Willamette Week newspaper, onetime Oregon venture capitalist Craig Berkman said that between 1998 and 2001 he borrowed $5 million from the investors whose funds he controlled, and failed to tell "most" of them what he had done. Still, "I was a good steward of investors' funds," Berkman told the paper's reporter. A two-year suit against Berkman was decided last month when a jury found he had defrauded investors and ordered him to pay them $28 million.

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