Former Jenzabar CFO claims
co-mingling of funds!
For a short man, Robert A. Maginn Jr. carries himself with the arrogance of a Napoleon. I think having made a fortune at Bain probably made him more arrogant.
When he swept into office as Chairman of the MassGOP, his arrogance was on full display. He was ungracious in victory, and dismissive of the concerns of conservatives. Then he arranged to nullify the election of the Ronald Reagan convention delegates.
Now payback [Karma] comes in a lawsuit filed by a former Jenzabar employee. It just ~ might ~ send him to jail.
The suit filed in Suffolk Superior Court by former Jenzabar CFO Alan McDonald alleges a series of SEC and Campaign Finance violations, – mostly the intermingling of funds between the MassGOP and publicly-held Jenzabar.
If Massachusetts is considered Mitt Romney’s ‘political base’, – this is the last kind of publicity he needs.
One thing is for sure – Frank McNamara would never have made these kinds of political blunders. So all the Old Guard MassGOP RiNO committee critters who so willingly sold their votes last November – this is largely on YOU! Don’t you remember ignoring the campaign donations Maginn had made to Deval Patrick and Chuck Schumer?
It will take a jury to decide, but the basics in the lawsuit charge that Maginn recklessly used Jenzabar payroll funds to hire the two Peters [former congressmen Peter Blute and Peter Torkildsen] to do MassGOP work, – in exchange for large donations from each to the MassGOP.
He then named tham as ‘unpaid’ Co-Chairs of the MassGOP…
THEN he contributed $250,000 of Jenzabar money to a pro-Romney super-PAC ‘Restore Our Future’. A jury will decide it this huge amount was in the interest of Jenzabar’s stockholders.
In doing these things, Maginn was treating Jenzabar as HIS company, not a publicly held one. That is considered a violation of his fiduciary duties. So he could be looking at a federal criminal conviction and a federal civil conviction.
Because all this will surely attract the attention of politically ambitious US Attorney for Massachusetts – Carmen Ortiz.
It’s a perfect deal for her to go after, - she can claim to be ‘even-handed’ – going after Republicans while going after the Democrats in the Probation Department jobs-for-campaign-donations scheme.
Maginn and the RiNOs who elected him may have just made Ortiz the next governor of Massachusetts!
And at JUST the right moment – all of this will hit the MSM, – timed perfectly to embarrass the Romney-Ryan ticket.
So instead of Maginn being the author of a state-wide GOP campaign theme which would help our state-wide Republican candidates, – it seems he is the author of a state-wide election-time embarrassing scandal. Nice going Runty! Really frickin’ nice going!
Hey Runty, WHERE is our state-wide GOP Message?
To make matters worse – his wife Ling Chai [who last year was cozy with Occupy Boston] is an officer of Jenzabar – and she is named in the lawsuit. No spousal immunity – she’ll have to testify.
/s/ Iron Mike
Old Soldier, – Still Good for Parts!