Financier Who Amassed Insurance Firms Diverted $2B into His Private Empire

Context: he was indicted on multiple counts of campaign fraud yesterday to the tune of several million dollars.

Rep. Mark Walker is likely implicated as "Public Official A" in court documents.

Robin Hayes, the chair of that state's GOP party chairman was also indicted yesterday in the same probe.

https://talkingpointsmemo.com/dc/north-carolina-gop-chairman... has a copy of the indictement documents embedded on the page; not sure how to link them directly.

This whole scenario just seems to follow the rich businessman influence industry. When people start investigating you too closely, then take over or influence the agencies investigating you. Start by giving tons of money to your party leaders. Then step by step get regulators replaced or co-opted.

Matt Levine's take on it (tl;dr: "I don't know!") from March 1:

https://www.bloomberg.com/opinion/articles/2019-03-01/insura...