Friday, December 30, 2011

As the Occupy people...it must be the banks fault. Democrat culture of corruptin

Democratic fundraiser convicted of engineering $21 million bank fraud scheme

Courtney Dupree is a former Tarheel basketball player who hosted a 2008 fundraiser for Obama

A Democratic fundraiser was found guilty Friday of engineering a $21 million bank fraud scheme.

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 sat stone-faced as the verdict was read in Brooklyn Federal Court. He faces up to 30 years in prison.

Meanwhile, the jury that convicted Dupree also acquitted his company lawyer, Thomas Foley.

“The jury rejected an FBI effort to ensnare a lawyer because of his client’s conduct and we are very grateful,” said Foley’s defense attorney, Joseph Ryan.

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.

Once a guard on the University of North Carolina at Chapel Hill basketball team, Dupree tried to counter the damning evidence by calling in some All-Star character witnesses.

One of them was an ex-NFL star running back Dorsey Levens, a member of the Green Bay Packers hall of fame and a childhood pal from Syracuse.

“I’d trust him with my life,” Levens said.

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.




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