* Bruce Rauner is having a press conference later today. He’s expected to try and pin direct blame on Gov. Pat Quinn for the troubles at IDOT. I’m sure it’ll be intense.
In advance of the presser, the Quinn campaign has issued a preemptive assault…
Reminder: Bruce Rauner Takes NO Responsibility for Crime Under His Watch - Even When He Has Direct Ties to Business Associate Who Went to Prison
“Nobody wants to admit you were involved with a swindler in the past, particularly when you run for office.”
CHICAGO - On a day when Republican billionaire Bruce Rauner is plotting to throw barbs against Governor Pat Quinn about leadership, it’s important to remember Rauner’s own business record. Below is a case study of the Acartha Group LLC, one of several instances where Rauner had direct ties to a business associate who committed criminal acts - but has hidden from any responsibility for what took place under his watch.
Key point: Bruce Rauner’s longtime business associate and hunting buddy Burton Douglas Morriss defrauded investors of $9.1 million from a fund directly backed by Rauner. Morriss was sentenced to prison for five years for tax evasion in connection with the scheme to defraud investors. Rauner knew Burton Douglas Morriss well enough to buy a hunting lodge and farm with him and the two had long partnered on business deals through GTCR.
Rauner’s campaign dismissed the investment fraud and tax evasion as “shenanigans” and told a reporter during the Republican primary, incredibly, that Rauner was merely a “passive investor” though experts didn’t see it that way.
A Northwestern University professor put it like this: “Nobody wants to admit you were involved with a swindler in the past, particularly when you run for office.”
Another expert who reviewed the timeline scoffed at Rauner’s self-exoneration: “At some point in time, Mr. Rauner became aware of something not being right.”
It goes on and on for five pages. Rather than post the whole thing here, I converted the novella into a pdf, which you can read (if you have time) by clicking here.