Irvine Ponzi scheme financier gave thousands of dollars to Republican candidates

“Irvine financier Danny Pang, accused by the government of operating a Ponzi scheme, received at least $83 million in inflated fees, salary and loans from his investment firm before it was seized by federal regulators in April, according to unsealed court documents,” according to the L.A. Times.

But that’s not all.  Pang also gave some of his Ponzi money to Republican candidates!  He gave $5,000 to Congressman Ken Calvert (that figures) and he gave $4,300 to Rudy Giuliani’s presidential campaign.  Click here to see the campaign reports.

Pang also gave $2700 to the Republican National Committe, according to the Asian American Action Fund blog.

Pang was a real piece of work. The L.A. Times revealed that:

In April, the Wall Street Journal reported that Pang had falsified his credentials, including claiming to hold degrees from UC Irvine. Pang apparently was a UC Irvine student leader — serving as chairman of a campus organization — without being enrolled, the paper reported.

Pang’s wife, Janie, was shot to death in 1997 when she answered the door at the couple’s Villa Park home. Hugh McDonald, a Newport Beach lawyer who knew Danny Pang, was charged with the crime, but his 2002 trial ended in a hung jury. McDonald’s attorney claimed that a hit man hired by Pang was the killer.

I guess Pang won’t be giving any contributions to Congressman John Campbell this year…

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"Admin" is just editors Vern Nelson, Greg Diamond, or Ryan Cantor sharing something that they mostly didn't write themselves, but think you should see. Before December 2010, "Admin" may have been former blog owner Art Pedroza.