Republican Presidential Hopeful Herman Cain Screwed Employees Out of Millions

- By Bossip Staff Categories: Bolitics, For Discussion, For Your Information

Let the character assassination begin! Just two days ago Herman Cain of the GOP announced his 2012 presidential bid. Well, as quickly as it was reported, the Dems started digging … and guess what they found? Scandal! Cain, who prides himself on being a businessman who achieved corporate success for 40 years, believes that his experience running big businesses trumps political tenure and know-how.

“I think that over 40 years of business experience is resonating a lot more with people than simply having political experience,” he said on a recent Iowa visit. Knowing how Washington works isn’t necessarily an advantage. As a businessman going in, I don’t want to know how Washington works.”

Well, Mr. Cain does’t want to know how Washington works but he’s sure about to find out … the hard way. After just 24 hours of research, the Democrats found Cain’s record isn’t quite as clean as he’d like us to believe. Some time ago, Cain sat as a director for a mid-Western energy corporation and during his time on the board, he engaged in a few dealings that ultimately swindled the employees out of millions of dollars. How? By convincing the workers to invest their retirement savings in corporate stock. Does this sound familiar? Enron, perhaps?

According to five lawsuits filed in federal court in 2004, Aquila’s board of directors—which Cain joined in 1992—allegedly steered employees into heavily investing their retirement savings in company stock. At the same time, the company shifted its business model from straightforward energy generation to risky energy trading, an unregulated market made infamous by now-defunct Enron. The suits, later folded into a single, massive class action lawsuit, alleged that Cain and top company officials violated a 37-year-old federal law requiring that employers manage employees retirement programs responsibly. (Cain’s presidential exploratory committee did not respond to a request for comment.)

Not even a week into his campaign, this man’s skeletons are creeping out the closet. And for someone who doesn’t want to know how Washington works, he better get familiar fast! Team Capitol Hill doesn’t play fair … they’re out for blood.

Source

Comments

  • Truth Seeker

    If the csption is true then he may be the man for the job. Screwing people seems to be the ideology of the Republican Party.

    • AMBER

      is name is horrible, and is aura is even worse.

  • http://www.aol.com Ben

    Serves him right the Republicans jump on the Obamas over every little thing the Republicans will never hold up under such scrutiny as they are all crooks and adulterers from Palin to Gingrinch and Uncle Ruckus Cain is no better.

  • LOL

    LOL, haven’t these “businessman” learned anything from Ross Perot? LOL

    • LadyLOGICbeatzREASON

      So, you must not know how right he was about NAFTA. Stop talking if you’re ill informed.

  • LOL

    …and i swear he reminds me of Don King LOL.

    • Ali

      Base on this story it does sound something that Don King would do.

  • Boondock Saint

    Aw c’mon. Allegedly we’ll vote for him because he’s black, right? Whatever…

  • AWHELLNAW

    THIS PHONY IS THE REPUBLICAN AL SHARPTON. AINT A CHANCE IN HELL!

  • http://bossip Glow

    I WOULDNT VOTE FOR CAIN… I MEANT UNCLE TOMBOY…HES OUT TO GET WHAT HE CAN GET..GO SIT DOWN YOU SILLY RABBIT TRICKS ARE FOR KIDS..AND NO ONES GOING SPOON FEED YA NO VOTES…LMBO

  • http://bossip Pimp4ADay

    A black republican as a presidential candidate? Yeah right Sarah palin and the rest of those racists will put him in his place in a minute. The republican party belongs to rich old white people. Didn’t this guy get the memo from 200 years ago?

    • It's Me

      you are so right. They will give him a H0 sit cho azz down card quick!

  • RMEs

    If we dig deep enough into ANYBODY’s background skeletons and other bad decisions will be found. No one’s record is spotless. A lot of corporations want employees to invest in their stock. I’ll reserve judgment until I hear the entire story.

  • I Aint Mad at Ya

    Never trust a brother name ”CAIN”.
    signed: Able

    This is the type of ninja that would’ve snitched on Harriet Tubman !

    • Pisces82

      *DEAD.COM*

    • BUY MADE IN USA PRODUCTS

      Lol. U got jokes.

    • Red Girl

      LOL, that sounds about right!

  • C.L.

    HERMAN CAIN = UNCLE RUCKUS

  • LaWhat

    This is the Messey Jessey of the Rethug party. Codename: “Black Vote Terminator”

  • http://www.blackbeautyweb.com BlackBeautyWeb

    Did he think this info wasn’t coming out.

  • phuck the b@stard ---- I'm ELATED that they put that monkey A$$ NIGGUH ON BLAST ---

    — how in the HELLL did that clown not know that every minute that he has been alive will be investigated ?

    gullible $hithead.

  • nnizy

    So Obama is screwing America out of 100’s of billions -which is worse?

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