Sunday, September 24, 2006

Kevin Rennie on Lamont and the venture capitalist

I'm still sticking with my bet with Rich Miller that Lamont won't break his primary total. This guy is going to crash. Kevin Rennie in the Hartford Courant.
Candidate Lamont is keen to call for more corporate responsibility from the likes of Wal-Mart and Enron. He made the obligatory appearance at a protest of Wal-Mart this summer.

Lamont, however, won't say much about corporate shenanigans closer to home. His wife, Ann Lamont, is a formidable venture capitalist. And while piling up their millions, there have been a few casualties. The Lamonts won't disclose details, but public documents reveal that Ann Lamont was successfully sued for securities fraud in 1999 for her role in a disastrous public offering of stock by a Florida medical management company that went bust in a big way. Ann Lamont and other defendants entered into a multimillion-dollar settlement with fleeced shareholders.

Some of the records are sealed, and the Lamont campaign won't reveal how much of the settlement Ann Lamont had to pay in 2001 to get out of the mess. Substitute the name of, say, Lynne Cheney for Ann Lamont and imagine the outrage on the left for such a doomed scheme.

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