The Paul Erickson Federal Indictment was unsealed, and it sounds like this might be a tough one to get out from under:
One of the unsealed documents is an affidavit that was filed in support of a search-warrant request last April. The affidavit said Erickson had obtained at least $2.3 million from 78 investors for several allegedly fraudulent business schemes stretching back to at least 1997, while Erickson allegedly pledged returns of up to 150 percent.
The affidavit said Erickson did not use the investors’ money for the businesses. Instead, he allegedly used the money to fill his own sometimes meager bank account and to pay for personal expenses — including college tuition for Maria Butina, his Russian-agent girlfriend.
About time this guy gets exposed for who he really is. I met him in about 2000 and he just felt slimy then as he talked about Compass Care.
I met him 10 years ago at the National RNC Convention in Minneapolis. People treated him like some financial pariah who had millions to help candidates. He turned out to be a very bad black head of a pimple.
Two prominent Sioux Falls guys got took for 500k each.
Butina came as a spy and had her tuition paid by Americans. Can’t ask for a better deal than that.
How much money has he given to campaigns? I think that should probably be returned to give restitution to the victims. I can’t blame them for accepting it, but keeping it may be wrong now that we know it was stolen.
What? Just another example of Republican corruption. Look to the left. Look to the right. You’ll see the same poison making its way through the American system thanks to the corrupt Republicans. John Thune is involved, but Mike Rounds is one of the cornerstones. Corrupt. Corrupt. Corrupt.