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	<title>Minnesota Independent &#187; allen stanford</title>
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		<title>Money for Coleman, Grams, Madia came from Ponzi schemer Stanford&#8217;s direction</title>
		<link>http://minnesotaindependent.com/27189/coleman-grams-madia-stanford</link>
		<comments>http://minnesotaindependent.com/27189/coleman-grams-madia-stanford#comments</comments>
		<pubDate>Sun, 22 Feb 2009 02:37:56 +0000</pubDate>
		<dc:creator>Chris Steller</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Campaign Finance]]></category>
		<category><![CDATA[U.S. House]]></category>
		<category><![CDATA[U.S. Senate]]></category>
		<category><![CDATA[allen stanford]]></category>
		<category><![CDATA[Ashwin Madia]]></category>
		<category><![CDATA[jay comeaux]]></category>
		<category><![CDATA[Minnesota]]></category>
		<category><![CDATA[Norm Coleman]]></category>
		<category><![CDATA[ponzi]]></category>
		<category><![CDATA[Rod Grams]]></category>
		<category><![CDATA[Senate]]></category>
		<category><![CDATA[stanford group]]></category>

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		<description><![CDATA[<a href="http://www.opensecrets.org/news/2009/02/obama-ney-and-delay-also-among.html">Three Minnesota politicians</a> &#8212; none of them now in office &#8212; received political donations from accused Ponzi schemer Sir Allen Stanford or his staff. Stanford&#8217;s largest and most recent gift <a href="http://images.nictusa.com/cgi-bin/fecimg/?28991950155">($2,300) was to Democrat Ashwin Madia</a>, who tried&#8230;]]></description>
			<content:encoded><![CDATA[<div id="attachment_27196" class="wp-caption alignleft" style="width: 290px"><a href="http://minnesotaindependent.com/wp-content/uploads/2009/02/grams-madia-coleman-stanford.jpg"><img class="size-medium wp-image-27196" title="grams-madia-coleman-stanford" src="http://minnesotaindependent.com/wp-content/uploads/2009/02/grams-madia-coleman-stanford-300x98.jpg" alt="Photos: US Senate Historical Office (Grams), Sherman Group (Sherman)" width="280" /></a><p class="wp-caption-text">Photos: US Senate Historical Office (Grams), Sherman Group (Sherman)</p></div>
<p><a href="http://www.opensecrets.org/news/2009/02/obama-ney-and-delay-also-among.html">Three Minnesota politicians</a> &#8212; none of them now in office &#8212; received political donations from accused Ponzi schemer Sir Allen Stanford or his staff. Stanford&#8217;s largest and most recent gift <a href="http://images.nictusa.com/cgi-bin/fecimg/?28991950155">($2,300) was to Democrat Ashwin Madia</a>, who tried unsuccessfully to succeed retiring Republican U.S. Rep. Jim Ramstad last year. <span id="more-27189"></span>Former Sen. <a href="http://images.nictusa.com/cgi-bin/fecimg/?20020331155">Rod Grams got $1,000</a> from Stanford for his failed 2000 bid for re-election. And another former senator, <a href="http://images.nictusa.com/cgi-bin/fecimg/?26020762954">Norm Coleman, received $1,000</a> in 2006 from a top Stanford employee, Jay Comeaux, who was then executive director at the <a href="http://www.stanfordgroup.com/about/leadership.aspx">Stanford Group Company.</a> (He&#8217;s no longer listed at the Web site for the firm, which is now in receivership.)</p>
<p>The breakdown of gifts to Minnesotans &#8212; two contributions to Republicans, one to a Democrat &#8212; is the inverse of how Stanford and his employees split the $2.4 million they donated to politicians and political action committees since 2000. Two-thirds went to Democratic candidates and causes.</p>
<p>Stanford&#8217;s phony investment schemes are said to have left investors $8 billion poorer. Some politicians, including Sen. John Cornyn from Stanford&#8217;s home state of Texas, say they&#8217;ll make <a href="http://www.npr.org/templates/story/story.php?storyId=100954553">donations to charity</a> or to the Stanford Group receiver in the amounts they received from Stanford.</p>
<p>Stanford &#8212; who goes by &#8220;Sir&#8221; after having been knighted by his adopted country, Antigua &#8212;  <a href="http://www.newsmeat.com/billionaire_political_donations/R_Allen_Stanford.php">usually picked winners</a>, but of the three Minnesotans, Coleman is the only one who might hold office in the near future. And that&#8217;s only if he wins his court battle to reverse the Minnesota State Canvassing Board&#8217;s election recount in favor of his DFL challenger, Al Franken.</p>
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