Rick Scott Hates the Stimulus, But Company He Invested in Got $60m in Stim Funds

Categories: Politicks
Billionaire GOP Governor candidate Rick Scott says he has conservative values, but the kind of companies he invests in don't seem to. One company Scott invested in was shown to help send money from illegal immigrants back to Mexico even though he backs Arizona's immigration laws. Another had a business relationship with Mexican Playboy.

Now it seems that XFONE, Inc, a company of which Scott owned 10 percent, received $60 million from President Obama's stimulus bill.

Scott, of course, has been a vocal critic of the stimulus bill, despite the fact he seemed to financially profit from it. XFONE's stock more than tripled after getting the funds.

"This strategy took a huge leap forward recently with the notification that our wholly-owned subsidiary PRIDE Network had been awarded $63.6 million in stimulus grants and long-term loans from the U.S. Department of Agriculture (USDA)," wrote XFONE, Inc. president and CEO Guy Nissenson wrote in a March 2010 press release according to Politico.

Scott himself has been a vocal critic of the stimulus, saying that Florida "should not have accepted that money, because we're all going to have to pay for it and our kids are going to have to pay for it."

A rep for Scott didn't elaborate on the investments to Politico, but points out that Scott's chief Republican rival Bill McCollum has made investments of less than $10,000 in three companies that either sought or received stimulus funds.

Like this Story?

Sign up for the Weekly Newsletter: Our weekly feature stories, movie reviews, calendar picks and more - minus the newsprint and sent directly to your inbox.

Privacy Policy
Sign up for free stuff, news info & more!

Tools

Auto

Browse Voice Nation
  • Voice Places

    Voice Places

    Discover restaurants, nightlife, travel, shopping...

  • VOICE Daily Deals

    VOICE Daily Deals

    Get 50 to 90% off every day on restaurants, movies, massages...

  • Best Of

    Best Of...

    More than 10,000 of the BEST things to eat, drink, and experience

  • My Voice Nation

    My Voice Nation

    Join the Village Voice community and get exclusive deals and info

  • Happy Hour

    Happy Hour

    Your local Happy Hour guide at your fingertips

or

Log in or Sign up

Social Connect:

Use your favorite account to access My Voice Nation.


Use your My Voice Nation account to log in:





Forgot password?
or

Sign Up or Log in

Social Connect:

Sign up for My Voice Nation with your preferred network.


Sign up for a My Voice Nation account:



Privacy policy