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Florida Congressman Alan Grayson Loses $18M in Investment Scheme

William Dean Chapman was sentenced to 12 years of jail for scheme


Florida Republican Alan Grayson was taken for about $18 million in an investment scheme concocted by William Dean Chapman.

The congressman was one of over 100 victims who were fooled by Chapman’s trade stock scheme, according to The Washington Times. The con man was sentenced to 12 years in prison for taking control of his clients’ stocks and selling them without paying them back. Chapman used the money to build a life of luxury for himself including a Lamborghini, a Ferrari and a $3 million house.

New York-native Alan Grayson is a defender of Democratic Party principles and partisan attacker of Republican views.

The opinions contained in this column are solely those of the writer.


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