Connect with us

Campaign 2020

Alabama U.S. Senate Hopeful Tommy Tuberville Ran Wall Street Hedge Fund That Fell Apart Due to Fraud

Tuberville’s incompetence led to a hedge fund going down in flames.

Published

on

After posting a mediocre record at Auburn University as a football coach, fledgling Alabama U.S. Senate contender Tommy Tuberville failed miserably on Wall Street founding a hedge fund mired in fraud.

Tuberville partnered with former Lehman Brothers broker John David Stroud over a decade ago to form TS Capital Management and TS Capital Partners. The ventures ended up sinking amidst fraud allegations, which resulted in Stroud being sentenced to 10 years in prison.

Tuberville did not end up in jail, but his involvement in the project led to his own investors suing him. The investors accused him of being involved in the fraud and neglecting his fiduciary responsibility to protect their investments. Tuberville reached a private settlement with the investors in 2013.

Trending: ‘Protest by the Tens of Millions’: Left-Wing Coalition Demands Chaos in the Streets to Force Trump’s Ouster Following Election

On the campaign trail, Tuberville has downplayed his role the failed hedge fund, claiming dubiously that he was only “an investor like the rest of them.”

take our poll - story continues below

Did Kyle Rittenhouse act in self defense?

  • VOTE NOW: Did Kyle Rittenhouse act in self defense when he shot three BLM rioters? 

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Big League Politics updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

“They sued me because I invested in it, and he used my name to get other people to put money in,” he said. “There was nothing ever implicated by anybody that I’d done anything wrong. I felt bad that he used my name.”

An examination of public court documents show that Tuberville is misrepresenting his role in the operation. Tuberville greeted potential investors and sold them on the venture, had business cards listing him as managing partner, and even leased his BMW and had health insurance provided through the business. Email records show that he was kept in the loop about the day-to-day operations of the company, including hiring.

Tuberville’s campaign chairman, Stan McDonald, noted that the candidate’s role in the hedge fund “was a big mistake, and he’s paid for it.”

“Coach Tuberville was as surprised as anyone to learn Stroud had lost all the money, including Coach’s. He never received a dime; it was a dead loss for him and his family,” Mr. McDonald said. “The Lord humbles us on many occasions, and this was such a moment for Coach.”

Overall, Tuberville lost $2 million from his Wall Street blunders. As is the case with many prospective politicians, Tuberville could not hack it in the private sector so he is attempting to get a government paycheck instead.

Big League Politics has reported on Tuberville’s campaign as he attempts to stop his “America First” opponent Jeff Sessions from reclaiming his Senate seat. Tuberville has been ducking Sessions, hoping to stay under the radar as he clings to a shrinking lead in the polls:

As the Republican primary runoff for nomination for the U.S. Senate in Alabama, football coach Tommy Tuberville is doubling down on a strategy of refusing to debate former Senator and Attorney General Jeff Sessions, leaving serious questions about his immigration policy positions unanswered.

Tuberville hopes to cruise to an easy victory on the basis of support from Donald Trump, who remains incensed at Sessions over a feud related to his former Attorney General’s recusal from Robert Mueller’s witch hunt Russia investigation. But Sessions has emphasized that the feud- now in the past- can’t be all that comes under consideration for Alabama’s Republican voters.

Tuberville steadfastly refuses to clarify some of his troubling statements related to immigration policy, including stating that the United States needs 400,000 Indian visa workers to provide labor for America’s corporations. Tuberville continues to rebuff attempts from Sessions to organize a debate to discuss actual policy before the July 14th runoff election, which will determine who will go on to face Democrat Doug Jones in November.

Sessions reiterated that Tuberville refuses to participate in a debate in a tweet responding to President Trump’s latest criticism of him, pointing out that Tuberville’s GOPe sympathies render him a suspect so-called supporter of the President’s ‘MAGA’ agenda.

In yet another demonstration of stark anachronism with Republican voters of today, Tuberville has even said that “we can’t worry about China” in the midst of the coronavirus pandemic.

In stark contrast with Tuberville, Jeff Sessions has what is almost certainly the strongest conservative track record on immigration policy of any former Senator or congressman. He’s almost single-handedly derailed several amnesty attempts, and most recently led the charge in calling for a federal immigration moratorium in response to the coronavirus recession that President Trump has partially implemented.

The GOP runoff primary election between Tuberville and Sessions will take place on July 14. The winner will go on to face incumbent Doug Jones in the general election in November.

Campaign 2020

Wisconsin Democrat Gov. Tony Evers Urges People in His State to Vote in Person on Election Day

Democrats are increasingly souring on mail-in voting.

Published

on

Wisconsin Governor Tony Evers (D) is urging people across his state not to mail-in their ballots and instead to consider physically going into the polls on election day to vote.

“We need everyone to make their vote count,” Evers said at a press conference on Friday.

Evers is urging voters not to mail in their ballots during this crucial stage of the process. He notes that voters can hand in their absentee ballots at their county clerk’s office or an early voting center as well.

“Make sure you can vote safely,” he stated.

take our poll - story continues below

Did Kyle Rittenhouse act in self defense?

  • VOTE NOW: Did Kyle Rittenhouse act in self defense when he shot three BLM rioters? 

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Big League Politics updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

Today is the final day for Wisconsin residents to register to vote with their local municipal clerk, according to the Journal Sentinel of Milwaukee.

Gov. Evers is urging people to avoid mail-in voting while there is an alleged spike in COVID-19 cases. The official numbers in the state showed an additional 4,870 new cases of the virus and 193 hospitalizations on Thursday. Some observers are worried these numbers may disenfranchise voters from showing up at the polls on election day next week.

Big League Politics has reported on how Democrat leaders, including former Obama attorney general Eric Holder, are recognizing the dangers of mail-in voting during this crucial stretch before the election:

Twitter has censored Obama-era attorney general Eric Holder for warning liberal Democrats against mail-in voting at this stage of the electoral race.

“It’s too late to use the mails,” Holder wrote in his shuttered tweet. “Given Supreme Court rulings I urge everyone to now vote in person; early vote or use drop boxes.”

Holder is referring to recent rulings in places like Wisconsin and Michigan, two battleground states where the Democrats were pushing for votes to be counted even if they were submitted by mail following election day. These rulings have made it significantly more difficult for Democrats to commit widespread voter fraud in those states.

“Protect your health but don’t let the Court and the deliberately crippled Postal Service deprive you of your most precious civil right. Plan your vote,” Holder added.

In response to Holder’s plea to Democrats, Twitter limited the distribution of his tweet and provided the following warning: “Some or all of the content shared in this Tweet is disputed and might be misleading about how to participate in an election or another civic process.” …

If President Trump loses next week’s election, the Orwellian Nightmare becomes the new normal, and Democrat traitors will be responsible for ushering in this permanent dystopia.

Democrats are growing more nervous that their scheme to exploit mail-in voting to oust President Trump may not be working as well as they intended.

They now hope that their supporters show up en masse on election day after months of pumping them full of hysteria about the pandemic.

Continue Reading
It's time to name Antifa a terror org! Sign your petition now!


Trending