Washington
Related: About this forumBellevue man donates $1 million to Trump super PAC
A Bellevue man donated $1 million to a Political Action Committee (PAC) that supports Donald Trump just a day after he became a convicted felon.
According to a new Federal Election Commission filing, wealth manager Walter P. Schlaepfer made the donation to Make America Great Again, LLC on May 31.
It was the single largest pro-Trump contribution from Washington state in May.
As a Super PAC, MAGA, LLC can raise unlimited money for campaigns and spend it freely to support Trump, but it is barred from coordinating directly with presidential campaigns.
https://mynorthwest.com/3963204/bellevue-man-donates-1-million-to-trump-super-pac/
More dollars than sense.
AZ8theist
(6,427 posts)ANYONE who donates so much as a nickel to the WORST TRAITOR in American history, FAR, far worse than Benedict Arnold, is complicite in the destruction of America.
These scum bags want, no DREAM of living in a Putin-syle SHITHOLE.
Do these filthy rich douchbags think they will actually SURVIVE a civil war????????
littlemissmartypants
(24,981 posts)Last edited Sun Jun 23, 2024, 01:37 AM - Edit history (1)
Merrill Lynch Sued By Customer For Misrepresentation
November 7, 2017
Phil Scott (also known as Walter Philip Schlaepfer), of Bellevue, Washington, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been named in a customer initiated investment related arbitration claim, which settled for $125,000.00 in damages supported by allegations of misrepresentation and unsuitable investment recommendations having been made in regard to direct investment products purchased by the customers between September of 2013 and September of 2015. FINRA Arbitration No. 16-00700 (Aug. 23, 2017).
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Scott is the subject of six more customer initiated investment related disputes concerning accusations of Scotts improper conduct while employed with Merrill Lynch, Pierce, Fenner & Smith Inc. In particular, on January 18, 2001, a customer filed an investment related written complaint pertaining to Scotts conduct, where the customer requested $100,000.00 in damages founded upon allegations that Scott failed to execute the customers equity investment instructions. Then, on January 31, 2008, a customer filed an investment related written complaint regarding Scotts activities, based upon allegations that Scott made stock recommendations to the customer that were not suitable.
Subsequently, a customer was awarded $880,000.00 in compensatory damages according to an investment related arbitration claim concerning Scotts misconduct, containing findings of gross negligence, breach of contract, breach of fiduciary duty, fraud and unsuitability in regard to securities transactions effected in the customers investment account. FINRA Arbitration No. 09-06762 (June 23, 2011). Another customer was awarded $800,219.00 in compensatory damages in reference to an arbitration claim, based upon findings that included unsuitable investment recommendations, breach of fiduciary and contractual duties, misrepresentation, violation of the Washington Securities Act, and violation of the Michigan Securities Act. FINRA Arbitration No. 10-03400 (Jan. 13, 2012).
Moreover, Scott has been ordered to pay a customer $1,100,000.00 in damages according to a customer arbitration resulting in findings of omissions and misrepresentations relating to the customers equity portfolio investments; violation of the Washington Consumer Protection Act; negligence; and unsuitability. FINRA Arbitration No. 11-00867 (Dec. 11, 2012). Further, a customer initiated investment related arbitration claim regarding Scotts activities was resolved for $337,500.00 in damages based upon allegations of suitability and misrepresentation. FINRA Arbitration No. 12-03954 (June 26, 2013).
Scott has been registered with Merrill Lynch, Pierce, Fenner & Smith Inc. since October 26, 1984.
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https://securitiesarbitrations.com/phil-scott-schlaepfer/