Interesting read on Loop Capital's Jim Reynolds
has the pic of Jim Reynolds with Joe Paterno and Gov Rendell been found?
this guy went from an 'almost' TV repairman to CEO OF LOOP CAPITAL? HOW?
http://businessleadershipcouncil.org/executive-profile-jim-reynolds/
>http://businessleadershipcouncil.org/executive-profile-jim-reynolds/
Reynolds said he has been friends with Obama since the president was a state senator. Reynolds learned from Obama, on the golf course, that he was going to challenge Rep. Bobby Rush for his congressional seat.
“I ran his campaign then — the only one he lost,” said Reynolds, who also helped raise money for Obama’s Senate and presidential races.
Having such a high-profile friend can also bring unpleasant scrutiny. In 2008, USA Today ran a story about how Obama and Republican rival John McCain had both relied on fundraisers whose names had surfaced in federal corruption investigations.
“In 2003, James Reynolds, a Chicago investment banker who is a member of Obama’s national finance committee, was recorded on FBI wiretaps arranging what prosecutors said was a ‘sham’ consulting contract with a woman they called the ‘paramour’ of a mayoral adviser in Philadelphia,” USA Today wrote. “His firm later won $300,000 worth of city contracts.”
In a statement to the paper, Reynolds pointed out that, after a thorough examination, no criminal charges were ever brought against him. “I can assure you, if the U.S. attorney’s office believed that (my company) or I had violated any law, they would have brought charges,” he said.
Today, Reynolds says again that after rigorous examination, “I was not a part of anything they wanted to investigate further.”
“In 2003, James Reynolds, a Chicago investment banker who is a member of Obama’s national finance committee, was recorded on FBI wiretaps arranging what prosecutors said was a ‘sham’ consulting contract with a woman they called the ‘paramour’ of a mayoral adviser in Philadelphia,” USA Today wrote. “His firm later won $300,000 worth of city contracts.”