" Deters said the state made millions on fixed-income deals Gruttadauria arranged. Deters said that, helped by recommendations from a GOP consultant and business leaders, Gruttadauria qualified for state work.
Since 1999, the SG Cowen Corp. and Lehman Brothers, where Gruttadauria worked in successive management jobs in Cleveland, completed a combined $5.9 billion in trades for the state treasurer's office.
Deters said his investment advisers found nothing improper in deals Gruttadauria arranged for the state.
Chip Gerhardt, executive director of the Hamilton County Republican Party, said his party ''is widely regarded as one of the most successful political fund-raising organizations
in the state, if not beyond. It is not unusual for us to get donations from around the state.''
Deters was the primary beneficiary of the Hamilton County party's fund-raising efforts. Of the $284,262 raised by the party's state candidate fund last year, Deters received $203,622."
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From Texas to Ohio, the crooked political stories sound alike, don't they? Always, when something goes wrong,
the politicians claim they don't know the names of their contributors. And, you would never
expect a politician to recall a questionable event, would you?
Unfortunately, there are so many stories about crooked politicians and brokers that people laugh.
Now, we know why political jokes are so popular! |
