TERRY MCAULIFFE’S GLOBAL CROSSING CONNECTIONS COME UP: “This is a bad time to have a reputation for making lots of money, primarily due to your personal connections. Ten years ago, McAuliffe turned a $100K stock buy into $18M thanks to his relationship with the CEO of Internet firm Global Crossing. Shortly thereafter the company went bankrupt, the stock price collapsed and 10,000 employees lost their jobs. This was not the only questionable deal he was associated with. But it was part of a pattern in his business life of using insider connections that made him very wealthy.”
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