Power couple's lives unravel over $10 million fraud PHILADELPHIA - In their heyday, Ed Mezvinsky
wife, Marjorie, were a power couple in Democratic Party circles and on suburban Philadelphia's swanky Main Line.O-R Online | Power couple's lives unravel over $10 million fraud
PHILADELPHIA - In their heyday, Ed Mezvinsky
and his wife, Marjorie, were a power couple in Democratic Party circles and on suburban Philadelphia's swanky Main Line.
...Marjorie has many acquaintances, and Ed did too," said Jerome Shestack, a close friend who is the former president of the American Bar Association.
On Friday, Edward Mezvinsky
, 65, admitted that he
bilked investors who handed over more than $10 million, including friends, law clients and even his
"I'm trying to understand what happened," Mezvinsky
said Saturday from his
rented house in Merion, as he
native Iowa edge Penn State in overtime."Something broke."
..."He boasted to many (victims), for example, of a close personal friendship with President and Mrs. Clinton, and of his son's friendship with Chelsea Clinton at Stanford University," Assistant U.S. Attorney Robert Zauzmer wrote in the 133-page plea agreement, entered days before Mezvinsky's scheduled Oct. 7 trial.
"This has not broken Marjorie, nor do I believe it's broken Ed
," said her lawyer, Zachary L. Grayson.
...Mezvinsky, the heir to a small supermarket chain fortune, was a star athlete in Ames, Iowa, who went on to earn master's and law degrees in California.
By age 36, he
was representing his
home state in Washington, where he
met Margolies, then a reporter.
Each had a moment in the spotlight in Congress.His came when he served on the House Judiciary Committee that voted to impeach President Nixon.
...Mezvinsky, after serving in Congress from 1973 to 1977, became an ambassador to a United Nations commission and state Democratic Party chairman.He
also spent millions on unsuccessful races for the U.S. Senate
in 1980 and attorney general in 1988.
In the 1990s, Mezvinsky
left the politics to his
wife and turned to international business deals.But he
rarely made a dime, instead losing millions to African con artists pitching pyramid-type schemes.
"Without any meaningful income, he
was perpetually in debt throughout the 1990s," the plea agreement states.
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