How Main Line political insiders made millions placing billions in public funds with outside firms
For decades, millionaire Main Line businessmen Richard Ireland and Brian McElwee have plied politicians with campaign money while landing government contract after contract.
None of it has provoked much attention. But now the two little-known partners are drawing scrutiny beyond political circles.
In the latest probe into "pay to play" in Pennsylvania, federal prosecutors and the U.S. Securities and Exchange Commission have subpoenaed a host of documents from the businessmen.
Prosecutors have deployed a former Pennsylvania treasurer against them. Before Rob McCord pleaded guilty last year to corruption charges, he secretly recorded Ireland as they talked over contracts, according to people familiar with McCord's undercover work.
Read more: http://www.philly.com/philly/news/20160717_How_Main_Line_political_insiders_made_millions_placing_billions_in_public_funds_with_outside_firms.html
