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RandySF

(57,640 posts)
Sun Jul 5, 2020, 03:12 PM Jul 2020

AL-SEN: A Trump-Backed Senate Candidate's Hedge Fund Disaster

President Trump’s favored Senate candidate in Alabama, Tommy Tuberville, is known for his career as a college football coach.

But he also had a brief stint as co-owner of a hedge fund. It did not go well.

A little more than a decade ago, after departing from Auburn University where he was head coach, Mr. Tuberville entered into a 50-50 partnership with a former Lehman Brothers broker named John David Stroud. Their ventures, which included TS Capital Management and TS Capital Partners — T for Tuberville and S for Stroud — turned out to be a financial fraud. Mr. Stroud was sentenced to 10 years in prison, and Mr. Tuberville was sued by investors, who accused him of fraud and violating his fiduciary duty to take care of their investments; he reached a private settlement in 2013.

The episode has been seldom discussed in Mr. Tuberville’s Republican primary campaign for the Senate, in which his opponent in the July 14 runoff is Jeff Sessions, the former senator and attorney general who became an object of Mr. Trump’s ire after recusing himself from the Russia inquiry. The winner will face Doug Jones, considered perhaps the most vulnerable Democrat in the battle for control of the Senate.




https://www.nytimes.com/2020/07/05/us/politics/tommy-tuberville-senate-hedge-fund.html

8 replies = new reply since forum marked as read
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AL-SEN: A Trump-Backed Senate Candidate's Hedge Fund Disaster (Original Post) RandySF Jul 2020 OP
Kick DarthDem Jul 2020 #1
This stuff should come out after primary jimfields33 Jul 2020 #2
I'm sorry to say this but misanthrope Jul 2020 #6
It will be tough for sure jimfields33 Jul 2020 #8
I don't understand Sessions' campaign not using this stuff misanthrope Jul 2020 #4
It won't mean a thing to Ala. Republicans dixiegrrrrl Jul 2020 #3
It is telling how deeply the Trump loyalty runs in Alabama misanthrope Jul 2020 #5
Alabama Voters Would Vote For A Ham Sandwich If It Had An R After Its Name ChoppinBroccoli Jul 2020 #7

DarthDem

(5,253 posts)
1. Kick
Sun Jul 5, 2020, 03:18 PM
Jul 2020

Thanks, Randy.

People are really underrating Doug Jones. Tuberville is a carpetbagger and novice and now this. He could absolutely lose.

misanthrope

(7,405 posts)
6. I'm sorry to say this but
Mon Jul 6, 2020, 12:06 AM
Jul 2020

I don't see Jones having much of a chance against either Sessions or Tuberville. The previous election was a rare outlier and the people of Alabama have an extensive record of voting against their best interests.

misanthrope

(7,405 posts)
4. I don't understand Sessions' campaign not using this stuff
Mon Jul 6, 2020, 12:01 AM
Jul 2020

We're less than two weeks away from the runoff and Sessions could be making hay with this and some other things in Tuberville's coaching past. I don't know what they're waiting on because Tuberville is ahead right now in the polls I've seen.

dixiegrrrrl

(60,010 posts)
3. It won't mean a thing to Ala. Republicans
Sun Jul 5, 2020, 09:44 PM
Jul 2020

If Sessions wins the primary, it won't be based on a history shadows.

But the fact Sessions HAS to have a primary is telling.

misanthrope

(7,405 posts)
5. It is telling how deeply the Trump loyalty runs in Alabama
Mon Jul 6, 2020, 12:04 AM
Jul 2020

That's the sole thing. In every other way, Tuberville doesn't measure up to Sessions as a candidate. Sessions has a better education, has a better handle on governance and has the connections to get good committee assignments.

Tuberville is a smarmy, shady grifter with a checkered past and the air of a used car salesman.

ChoppinBroccoli

(3,764 posts)
7. Alabama Voters Would Vote For A Ham Sandwich If It Had An R After Its Name
Mon Jul 6, 2020, 12:12 AM
Jul 2020

The latest polls I've seen showed Jones down by something like 13% to Tuberville. It will take nothing short of a miracle to hold that seat. Luckily, we're up in a ton of other contested races.

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