Foul Mouth Anti-Wall Street Democratic Congressman Alan Grayson Created Hedge Funds in the Cayman Islands As A Tax Shelter for Clients
U.S. Rep. Alan Grayson, the outspoken, populist Democrat who rants against Wall Street fat cats incorporated a couple hedge funds in the Cayman Islands in 2011 while writing blogs on the Huffington Post calling on the IRS to go after overseas hedge funds.
According to the Tampa Bay Times, “Grayson Fund Ltd. and Grayson Master Fund were incorporated in 2011 in the Cayman Islands, a well known tax Haven that Romney used as well, records show. That was the same year he wrote in the Huffington Post that the IRS should audit every Fortune 500 company because so many appear to be “evading taxes through transfer pricing and offshore tax havens.”
Alan Grayson’s financial disclosure statements required to be filed by members of congress indicate he has between $5-million and $25-million invested in the Grayson fund, but he lists no income coming from it.
Alan Grayson told the Tampa Bay Times, “The funds were incorporated in Grand Cayman at the advice of an attorney. It was a vehicle for foreign investors to invest in his funds while limiting their tax liabilities…There are no investors in those funds or that fund as the case may be,” said Grayson, who said he thought only one fund was incorporated in the Caymans.”
Alan Grayson then went into a foul-mouth tirade when Tampa Bay Times Reporter, Adam C. Smith asked whether it was appropriate for a member of congress and potential U.S. Senator to set up an investment fund with an eye toward soliciting foreign investments in the future,
Alan Grayson then went into ape shit crazy mode and began talking about a Politico story from last week that Alan Grayson’s girlfriend would run for his congressional seat if he runs for the U.S. Senate next year and the follow up article in Politico about Grayson’s conversation with DSCC Chair Jon Tester about Alan Grayson’s potential senate bid.
“This is even worse than Grayson’s girlfriend might run for congress 18 months from now,” referring to a recent Politico story attributed to no named sources. “This is a whole nother level of bull—-….Are are you some kind of sh—–g robot? You go around sh—-g on people?”
Grayson said he is “probably going to run” for the U.S. Senate and will make a final decision within 60 days. Every time “some bull—- artist calls you up and tries to stick a knife in my gut” makes him more inclined to run, he added.