Author: izengabe

Rep Gary Ackerman in trouble with the law?

Looks like Rep Gary Ackerman might be in a spot of trouble.

According to the NY Daily News Congressman Ackerman made a $100,000 profit in a stock he put no money down to obtain.

So what did he have to do to get such a sweetheart deal?

Well he hosted a meeting between Israeli Government officials and the defense-contracting firm he was given stock in in his Congressional offices.

Isn’t this what Rep. William Jefferson went to jail for? Let’s just hope he didn’t stash the cash in his fridge.

Here is the Daily News article:

http://www.nydailynews.com/opi…

While Ackerman’s district is usually pretty safe Dem (Obama got 63% of the vote), the Queens district has recently elected 3 GOP City Councilmen.

So far Ackerman has no serious GOP opponent but this race could be one to watch if there is more to this potential scandal.

What I would watch out for is a potential Cao situation developing. The district is 25% Asian. An Asian GOP could be very dangerous if there is more to this scandal.