The New York Republican candidate for Senate, Joe DioGuardi was paid $5,000/month as an advisor to Medical Capital Corp–a subsidiary of Medical Capital Holdings, which blew $1 billion of investors’ money on yachts and other crap. Nice. DioGuardi, a former accountant, is running against Senator Kirsten Gillibrand next month. You may not know who he is, but the SEC sure does. They describe him as an “old crony” of a bunch of criminal board members in their investigation into Medical Capital Holdings’ shady dealings (like buying a $3.2 million yacht called “Home Stretch” with stolen money). From the Daily News:
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=119974