More on the bad guys trying to get close to politicians and regulators.
ABC news is reporting that over the last decade, financial scammer Robert Allen Stanford has spent more than $7 million on lobbyists and given campaign contributions to Washington politicians in both parties.
A video posted on the firm's web-site shows Stanford, now sought by U.S. Marshals, being hugged by Speaker of the House Nancy Pelosi and praised by former President Bill Clinton for helping to finance a convention-related forum and party put on by the National Democratic Institute.
"I would like to thank the Stanford Financial Group for helping to underwrite this," Clinton said to the crowd at the event.
Stanford Financial was listed as the "lead benefactor" for the gathering (He gave $150,000), and Stanford was permitted to address the audience of several hundred.
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