The announcement by the State of Vermont Department of Financial Regulation that Wells Fargo and Raymond James have entered into settlements with the state stemming from fraud allegations is another wake-up call for Vermonters.
Despite numerous fraudulent schemes surrounding gubernatorial candidate Bruce Lisman while he worked on Wall Street at Bear Stearns, including schemes at independent firms whom Bear handled the clearing of trades, many were prosecuted by the SEC for fraudulent scheme(s) along with Bear Stearns, itself.
Mr. Lisman has yet to explain the campaign contribution he accepted from Richard Harriton, who is a former colleague of Mr. Lisman’s from Wall Street, who was previously barred by the SEC for involvement in a $75 million fraudulent scheme.
Vermont has been rocked by two large fraud investigations; one involving theft of foreign funds with the EB-5 program, and another involving healthcare fraud of state and federal governments, commercial insurance companies and hundreds of patients who were denied refunds of their patient credit balances for a decade at The Brattleboro Retreat.
Lt. Gov. Phil Scott cares about the well-being of all Vermonters and has demonstrated over his entire life the inherent trait of doing for others which is the hallmark of those who are genuinely motivated by public service.
I encourage all Vermonters who care about our troubled state to participate in early voting at your local town clerk’s office and to support Lt. Gov. Phil Scott in the August primary and general election.
As the Vermont Democratic Party is collectively responsible for $700 million in new taxes since Gov. Peter Shumlin took office six years ago, [that] provides the necessary clarity to understand that Democratic candidates Sue Minter, Matt Dunne and Peter Galbraith have no legitimate claim to the governor’s office in this election cycle.