Courtney Dupree was convicted of vastly overstating the billings of his Long Island City-based lighting company GDC Acquisitions in order to fraudulently obtain a loan from Amalgamated Bank.
Dupree, 42, sat stone-faced as the verdict was read in Brooklyn Federal Court. He faces up to 30 years in prison and has to pay back at least $18 million.
...
Dupree was done in by a mountain of paperwork, which prosecutors said proved he was a crook, and by testimony from cooperating witnesses who were involved in the scheme.
...
Dupree, who attended the elite Wharton School of Business, was a rainmaker in Democratic circles.
In 2008, Dupree hosted a $1,000-a-ticket fund-raiser for Barack Obama at his Broad St. apartment that was attended by top aide Valerie Jarrett.
His company counted NBC Universal and Goldman Sachs among its clients.
Source: NY Daily News
A blog to document the failures of the Obama administration, including Obamanomics, ObamaCare, Operation Fast and Furious and more!
Sunday, January 1, 2012
More Obama Corruption... Featuring Valerie Jarett
Add Courtney Dupree to the ever expanding list of Obama's corrupt fat cat financial supporters:
Subscribe to:
Post Comments (Atom)