Friday 17 August 2012

[wanabidii] Obama to Romney: Release 5 years of tax returns, and we’ll shut up



 
Folks,
 
 
Facts are facts people....and the truth lightens darkness so we can see...!
 
 
Obediently, we will all shut-up ......with hopes of good tiding to offer fixtures
for voters rights which is under threats by GOP negative engineering. The
Obama campain Team relatively, must urgently engage on the ground to to
repair voter rights before it is too late......!!
 
 
 
Cheers everybody.......!!!


Judy Miriga
Diaspora Spokesperson
Executive Director
Confederation Council Foundation for Africa Inc.,
USA
http://socioeconomicforum50.blogspot.com
 
 
 
 
 
Paul Krugman Interview - Income Inequality & Political Polarization - Rachel Maddow
Published on May 10, 2012 by TheBestOfTheLeft

This clip compiled by BestOfTheLeft.com
Subscribe to the original show this clip is from at www.msnbc.msn.com/id/26315908
Hear this clip in context on Best of the Left at http://www.bestoftheleftpodcast.com/604-two-ways-forward-economics

 
 
 
 
Martin Bashir - Krugman: Speaker Boehner, Paul Ryan 'completely deluded'
Published on May 18, 2012 by Licentiathe8th

May 18, 2012
Nobel Prize-winning economist and New York Times columnist Paul Krugman joins MSNBC's Martin Bashir to discuss his new book, "End This Depression Now!," and also why Republicans' austerity-only path will make a bad economy worse.

 
 
 
 
Bill Maher (2012) Crazy Stupid Politics
Published on Jun 12, 2012 by Ipadalvin

As Featured on Yahoo first and then uploaded to http://www.youtube.com/alvinmediashare1 ... Here Bill Maher continues the legacy of Lenny Bruce, Richard Pryor and George Carlin, attacking religion, politics/government and any/all social systems that stand in the way of intellectual progress and cultural integration.

 
 
 

Obama to Romney: Release 5 years of tax returns, and we'll shut up

White House Correspondent

The Ticket – 3 hrs ago

Mitt Romney campaigns in Iowa in early August (Charles Dharapak/AP)

Looking to keep the pressure on Mitt Romney to release more tax returns, President Barack Obama's campaign offered the Republican a deal on Friday: Release five years of returns, and we'll shut up about this.

Obama campaign manager Jim Messina pressed his case in a publicly released letter to his counterpart on Team Romney, Matt Rhoades. Messina said that the request for the tax returns covering 2007-2012 was "surely not unreasonable" but acknowledged the Republican candidate's concerns that more disclosures will merely lead to more requests for disclosure from Team Obama.

"So I am prepared to provide assurances on just that point: if the Governor will release five years of returns, I commit in turn that we will not criticize him for not releasing more--neither in ads nor in other public communications or commentary for the rest of the campaign," Messina wrote.

Rhoades responded quickly and in identical fashion, not explicitly rejecting the proposal but mockingly suggesting that Romney's taxes were the Obama campaign's "core issue."

"It is clear that President Obama wants nothing more than to talk about Governor Romney's tax returns instead of the issues that matter to voters, like putting Americans back to work, fixing the economy and reining in spending," Rhoades wrote.

The back and forth came a day after Romney told reporters he had never paid less than 13 percent in taxes over the past decade, a comment that prompted the Obama campaign to insist: "Prove it."

[Political junkie? Sign up for the Yahoo! News Daily Ticket newsletter today]

The Obama aide used the letter—something of a time-honored political campaign stunt, errr, "tactic"—to knock Romney around on the issue of his personal finances. The incumbent has sought to counter criticisms of his handling of the sputtering economy by vowing to fight for the middle class while painting the challenger as the champion of the rich.

"A five year release would appropriately span all the years that he has been a candidate for President," Messina said (translation: "You've been running for president for five years"). "It would also help answer outstanding questions raised by the one return he has released to date, such as the range in the effective rates paid, the foreign accounts maintained, the foreign investments made, and the types of tax shelters used," Messina said (translation: "Look at these sketchy personal finances").

"I repeat, the Governor and his campaign can expect in return that we will refrain from questioning whether he has released enough or pressing for more," Messina said.

THE GOP STRATEGY TO WIN BY HOOK OR CROOK
Published on Aug 16, 2012 by FEDX50

THE GOP STRATEGY TO WIN BY HOOK OR CROOK

The ED Show - Romney adopts Bush strategy on propaganda
Published on Aug 16, 2012

Aug 16, 2012
George W. Bush said he would repeat things over and over in order to "catapult the propaganda." Mitt Romney is now using the Bush strategy to push his ideas on Medicare. MSNBC's Jonathan Alter and former insurance industry executive Wendell Potter join Ed Schultz to debunk the lies.

The ED Show - Romney talks tax returns
Published on Aug 16, 2012 by Licentiathe8th

Aug 16, 2012
Mitt Romney claims he's paid taxes every year, and at a rate of 13 percent. Are we to take Romney at his word? Ed talks with Congressman John Garamendi of California about the latest in the Romney tax return saga.

The ED Show - Can Mitt Romney survive his tax return mess?
Published on Jul 17, 2012 by Licentiathe8th

July 17, 2012
Will all the talk about Mitt Romney's taxes hurt his chances? Huffington Post's Howard Fineman joins Ed Schultz to discuss whether the GOP might go rogue and ditch Mitt Romney.

FAIL! Gov. Romney's pathetic record in MA as Governor - Rachel Maddow
Published on Aug 16, 2012 by Romney MrEtchASketch

Rachel talks with Michael Dukakis, former Governor of Massachusetts and Presidential candidate, about Mitt Romney's gubernatorial campaign promises and subsequent miserable record as Governor.
From MSNBC

AYN RAND believes "Government should not regulate or interfere with "free" capitalism."
Jeez, that sounds just like PAUL RYAN & MITT ROMNEY.
Sadly, most wacko REPUBLICANS believe every person and corporation should have UNLIMITED rights to rape the environment & destroy spaceship planet Earth as quickly as possible for their own selfish enrichment
Published on Mar 22, 2012 by FEDX50

No Presidential Candidate Has Ever Lied More In The History Of America To Gain The Presidency Than Willard Mitt Romney..The 'Etch-a-Sketch' Man!!!

Mitt Romney's $ecret $tash
SUBTITLE: Mr. Romney had a Swiss bank account worth 2.9 million Swiss francs— or 3 million US dollars.

Romney parked his corporation, Sankaty High Yield Asset Investors Limited, in Bermuda. He transferred it out of his name the day before he became Massachusetts governor in 2003. He failed to disclose it on seven different financial disclosure forms.
Romney holds interests in at least a dozen Bain Capital funds organized in the Cayman Islands. These investments are worth as much as $30 million, and are shielded by confidentiality disclaimers.
So why won't Mitt Romney disclose more information about his international dealings? What is Mitt Romney trying to hide?
Romney Camp Struggles To Explain Later Bain Years
Published on Jul 17, 2012 by MrObamanos

The Ed Show: Romney camp struggles to explain later Bain years

Even Republicans Agree: Mitt Romney's Hiding Something
Published on Jul 17, 2012 by DemRapidResponse

Even Republicans Agree: Mitt Romney is Hiding Something

Voice Over: More and more Republicans agree that Mitt Romney has not released more tax returns because he has something to hide.

George Will: The cost of not releasing the returns are clear. Therefore, he must have calculated that there are higher costs in releasing them.

Matthew Dowd: There's obviously something there, because if there was nothing there he would say have at it.

Rick Tyler: There's clearly a problem with the tax returns otherwise he would release, you know, ten years of tax returns.

Matthew Dowd: If he had twenty years of great clean everything is fine, it would all be out there.

Voice Over: And more and more Republicans are calling for Mitt Romney to be be straight with the American people and release his tax returns.

Michael Steele: Put out as much information as you can even if you don't release twelve years worth of tax returns at least three, four, five.

Bill Kristol: Here's what he should he should release the tax returns tomorrow, it's crazy you've got to release six, eight, ten, years of back tax returns

Wolf Blitzer: should he release the tax returns?

Fmr Gov. Haley Barbour: I would

Gov. Robert Bentley: I was was asked today that question do you think that Governor Romney should release his tax returns and I said I do.

Voice Over: But what did the one republican who had twenty three years of Mitt Romney's tax returns do in 2008?

John McCain: Governor Sarah Palin of the great State of Alaska.

Voice Over: He chose Sarah Palin

What does John McCain know that the American People don't?

President Obama Responds to Mitt Romney Attacks: No One Would Say 'We Have Tried to Divide the Country'

By Mary Bruce | ABC OTUS News – 8 hrs ago

President Obama is pushing back against Mitt Romney's latest attack, claiming his campaign has not in any way "tried to divide the country."

Mitt Romney accused the president earlier this week of running a " campaign of division and anger and hate."

In response, the president told " Entertainment Tonight," "I don't think you or anybody who's been watching the campaign would say, yes, that in any way we have tried to divide the country."

The president's comments follow a period of escalated mudslinging between the two campaigns.

In recent weeks, the Obama campaign and groups that support it have accused Romney of being a felon, linked him to a woman's death and mocked him for once strapping the family dog to his car roof on a drive to Canada.

"His campaign has resorted to diversions and distractions, to demagoguing and defaming others," Romney said. "It's an old game in politics. What's different this year is that the president is taking things to a new low."

The presumptive GOP nominee has also participated in the war of words, blasting the president for cutting funding for Medicare - cuts that his running mate Paul Ryan also called for in his budget - and falsely accusing him of removing the work requirements from welfare.

"Gov. Romney, I think, has had very sharp critiques of me and my policies, and that's how it should be," Obama told "Entertainment Tonight." "That's the nature of democracy. And I've got some sharp disagreements with him in terms of where he would take the country."

White House mocks McCain, Sarah Palin

White House Correspondent

By Olivier Knox, Yahoo! News | The Ticket – 16 hrs ago

The White House scoffed Thursday at Republican Sen. John McCain's suggestion that President Barack Obama replace Joe Biden with Hillary Clinton, mocking the Arizona lawmaker's pick of Sarah Palin as his running mate four years ago.

Asked whether the Democratic ticket in 2012 would be Obama-Biden, press secretary Jay Carney replied: "Yes. And that was settled a long, long time ago."

"And while I appreciate, have a great admiration for, and respect for, and a long relationship with Sen. John McCain, the one place I would not go for advice on vice presidential running mates" is McCain, Carney told reporters at his daily briefing.

The exchange occurred after McCain, acknowledging that his own suggestion was far-fetched, said in an interview with Fox News on Wednesday that Obama should dump Biden and replace him with Clinton.

"I think it might be wise to do that but it's not going to happen obviously, for a whole variety of reasons," McCain said.

"I'm not sure if I were Hillary Clinton I would want to be on that team," the senator added. "I think her ambitions frankly are for 2016 and I'm not sure that would enhance that likelihood."

Obama camp to Romney on taxes: 'Prove it'

White House Correspondent

By Olivier Knox, Yahoo! News | The Ticket – 13 hrs ago

Mitt Romney writes on a whiteboard during a news conference at Greenville-Spartanburg International Airport in …

Hours after Mitt Romney said he's never paid less than 13 percent in taxes over the past decade, President Barack Obama's re-election campaign bluntly told the Republican candidate to "prove it" by releasing his returns.

"We would say: 'Prove it, Gov. Romney," Obama campaign spokesman Ben LaBolt told reporters on a conference call.

Romney told reporters at an impromptu press conference in South Carolina that he's never paid less than a 13 percent tax rate over the last 10 years and blasted Democratic critics, including Senate Majority Leader Harry Reid, for leveling the "totally false" charge that he's paid no taxes.

"He has the ability to prove his claim," LaBolt said.

"Look, this is a candidate who has defied bipartisan precedent: His own father put out 12 years' worth of returns, Gov. [George W.] Bush put out returns for every year of when he was governor," the spokesman added.

"Yet Gov. Romney has only put out two years' worth of returns. And the fact is the American people deserve the opportunity to look through those documents and to make their own conclusions," LaBolt said.

The Obama campaign has hammered away at Romney on the tax issue as part of an effort to use his personal finances as a weapon in the campaign. The president, his re-election prospects weighed down by the sour economy, has made the argument that he will fight for the middle class while Romney will champion the very rich.

Mitt Romney's illegal immigration problem: Would he reverse Obama's order?

Some young illegal immigrants can begin applying for deportation deferrals Wednesday under a politically popular move by President Obama in June. It puts Mitt Romney in a bit of a pickle.

By David Grant | Christian Science Monitor – Wed, Aug 15, 2012

As some young undocumented immigrants begin applying Wednesday for the protections against deportation promised by President Obama in June, a thorny political problem for a potential President Romney is taking shape.

Mitt Romney has suggested that Mr. Obama's directive to defer deportations for illegal immigrants pursuing their education or in military service is little more than an election-year ploy. But as president, would Mr. Romney be willing to undo a politically popular decision that conservatives have derided as an unconstitutional power grab "poisoning the well" of immigration reform?

"How do you keep from totally angering your base, which is very anti-illegal immigration, and at the same time come up with solutions" for a sympathetic part of the undocumented community, asks Roy Beck, executive director of Numbers USA, a group that urges lower immigration levels.

QUIZ: Could you pass a US citizenship test?

Congressional Republicans, led by House Judiciary Chairman Lamar Smith (R) of Texas and his Senate counterpart, Chuck Grassley (R) of Iowa, have been incensed by the president's decision – and are looking to Romney to set it right.

"The President's amnesty for potentially millions of illegal immigrants is a breach of faith with the American people and the rule of law. This Administration's decision to impose amnesty without going through Congress is contrary to the Constitution. I am confident that a President Romney will follow the law and work with Congress to address immigration issues," Congressman Smith said in a statement sent by e-mail to the Monitor.

But Mr. Beck's position shows the problem's political sensitivity. His group has fought tooth and nail against comprehensive immigration reform in the past, but he is suggesting that there's a need for some sort of solution for young illegal immigrants.

Congress has tried to address the issue before, most notably in the DREAM Act, which stalled in the Senate in 2010. Obama's Deferred Action for Childhood Arrivals (DACA) is an attempt to find an executive-branch workaround.

An estimated 1.2 million undocumented immigrants are eligible to apply under DACA, the nonpartisan Migration Policy Institute estimates. To qualify, applicants must be under age 31, have lived in the US for five or more years consecutively, served in the military or be pursuing an education, have come to America before age 16, and possess no significant criminal record.
Successful applicants gain a two-year deferral from deportation proceedings and the ability to apply for work authorization and a Social Security card, all of which are renewable at the end of the two-year period.
"I think [Romney's] got a real soft spot for these illegal aliens who were brought here at a very young age," Beck says. "On the other hand, I think he recognizes that you can't have one amnesty after another."
Some conservative observers say that Obama, by bypassing Congress, may have hurt the chances for long-term immigration reform by burning potential GOP partners such as Sen. Marco Rubio (R) of Florida.
"The problem is that his waiver decision, which I think is an abuse of his waiver authority, really poisons the water in terms of trying to find an actual solution to the problem," said Matthew Spalding, a vice president of American studies at the Heritage Foundation. "From an immigration reform point of view, the point that is tragic is there was on the Hill some legislative discussions going on about crafting a way to address this particular problem."
But Romney's sweeping vision for immigration reform – including building a high-tech border fence, implementing a national e-Verify employment system, and changing the nation's temporary worker program – would be difficult to pass through a gridlocked Congress.

In the meantime, many young undocumented immigrants are worried that Romney, if elected president, could reverse course on DACA. It is "the elephant in the room," says Jorge Acuña, an undocumented student from Germantown, Md., who emigrated from Colombia when he was 7.

But even if Romney did back out of DACA, the overall policy might remain in force for many months. Making abrupt changes would be difficult for a new administration just getting acquainted with the gears of government, says David Martin, a former principal deputy general counsel at the Department of Homeland Security, who was part of Obama's transition team at the department.

"They may choose not to extend it, they may not take new applications ... but you don't turn things around right away anyway," says Mr. Martin, a law professor at the University of Virginia in Charlottesville.

Of course, the former Massachusetts governor could eliminate the uncertainty by specifying what he plans to do.

"If the Republican Party really understood the importance of this population, particularly for the future of our country," says Marielena Hincapie, executive director of the National Immigration Law Center, "then Mitt Romney should confirm that this isn't a change in policy that he would make."

Romney: 'I never paid less than 13 percent' in taxes

Senior Political Reporter

By Holly Bailey, Yahoo! News | The Ticket – 16 hrs ago

Romney (Justin Sullivan/Getty Images)
Mitt Romney said Thursday he's never paid less than a 13 percent tax rate over the last 10 years and blasted Democratic critics, including Senate Majority Leader Harry Reid, for suggesting he's paid no taxes.

"I just have to say, given the challenges that America faces—23 million people out of work, Iran about to become nuclear, one out of six Americans in poverty—the fascination with taxes I've paid I find to be very small-minded compared to the broad issues that we face," Romney told reporters at a last-minute press availability in Greer, S.C., where he's fundraising today. "But I did go back and look at my taxes, and over the past 10 years I never paid less than 13 percent. I think the most recent year is 13.6 or something like that. So I paid taxes every single year."

Adding in his contributions to charity, Romney said, bumped up his tax rate to "well above 20 percent."

Romney called Reid's charge that he paid no taxes "totally false."

"I'm sure waiting for Harry to put up who it was that told him what he says they told him," Romney said. "I don't believe it for a minute, by the way."

The presumptive Republican nominee spoke to reporters just off the tarmac in Greer in what was clearly a way to highlight President Barack Obama's lack of recent press conferences. As Romney spoke, the Republican National Committee blasted out an email to reporters noting that Obama hasn't held a press conference in eight weeks—in spite of granting interviews to outlets like "Entertainment Tonight" and ESPN.

Just before Romney took the mic, his aides set up a white dry-erase board, which the candidate used to highlight the differences between his proposal on Medicare and Obama's. Romney has accused Obama of slashing more than $700 billion from Medicare to pay for his health care plan—cuts Romney has repeatedly said he would "restore" if he wins the presidency.

[Political junkie? Sign up for the Yahoo! News Daily Ticket newsletter today]

On the trail, Romney has regularly assailed Obama for his lack of private sector experience—suggesting that the little time he's spent in the "real world" of business is why he hasn't been able to create more jobs.

Asked how he squares that criticism with the fact that his new running mate, Rep. Paul Ryan, does not have significant private sector experience, Romney downplayed the contradiction, insisting Ryan brings other important qualities to the ticket.

"I'm different than Congressman Ryan," Romney said. "We're a team. I have a different background than he has. He has a background that will be very helpful to me if I become president because he spent 14 years working in Washington, working with Democrats, working with members of the staff in various administrations. He understands the process and mechanics of Washington and the personalities in Washington. That will be very helpful to my administration. ... We're a team. We bring in complementary skills."

George Stephanopoulos
About George Stephanopoulos
George Stephanopoulos is anchor of ABC's "Good Morning America" and "This Week." He is also the network's chief political correspondent, reporting on political and policy stories for all ABC News broadcasts and platforms.
Jun 3, 2012 2:12pm

Paul Krugman: Paul Ryan Budget That Romney Supports Is a 'Fraud'

Jun 3, 2012 2:12pm
abc TW paul krugman jt 120603 wblog Paul Krugman: Paul Ryan Budget That Romney Supports Is a Fraud

(ABC News)

This morning on "This Week," New York Times columnist Paul Krugman called Rep. Paul Ryan's proposed budget plan a "fraud" as Romney campaign senior advisor Eric Fehrnstrom confirmed his candidate's support for the plan that would trim trillions in federal spending over the next decade.
"The Ryan plan — and I guess this is what counts as a personal attack — but it isn't. It's not an attack on the person; it's an attack on the plan. The plan's a fraud," said Krugman. "And so to say that — just tell the truth that there is really no plan there, neither from Ryan, nor from Governor Romney, is just the truth. That's not — if that's — if that's being harsh and partisan, gosh, then I guess the truth is anti-bipartisanship. "
Krugman, who has been critical of the Ryan, R-Wis., plan in the past, was responding to the Fehrnstrom, who confirmed Romney's support for the plan after ABC News' George Will asked Fehrnstrom to clarify his candidate's stance on the Ryan proposal.
"He's for the Ryan plan. He believes it goes in the right direction. The governor has also put forward a plan to reduce spending by $500 billion by the year 2016," said Fehrnstrom. "In fact, he's put details on the table about how exactly he would achieve that. So to say he doesn't have a plan to — a plan to restrain government spending is just untrue."
Krugman defended the president's budget plan when asked by Fehrnstrom if he preferred it over the Ryan plan.
"I mean, the president — at least it's — you know, I don't approve of everything, but there are no gigantic mystery numbers in his stuff. We do know what he's talking about. His numbers are — you know, all economic forecasts are wrong, but his are not — are not insane. These are — these are just imaginary," he said.

FACT CHECK: Romney's Plan to 'Restore' Medicare Spending Cuts

By Devin Dwyer | ABC OTUS News – 4 hrs ago

      Republican U.S. presidential candidate Mitt Romney (R) and vice president select U.S. Congressman Paul Ryan (R-WI) wave to supporters during a campaign event in Waukesha, Wisconsin August 12, 2012. REUTERS/Shannon Stapleton
      Republican U.S. presidential candidate …

        Mitt Romney is trying to seize the high ground in the Medicare debate by pledging to "restore" $716 billion in spending cuts imposed by President Obama.

        Nevermind that the cuts were once backed by his vice presidential running mate Paul Ryan. Romney argues that it's Obama who has already "ended Medicare as we know it" and he will be the guy to fix it.

        "The president has taken action in Medicare which significantly impacts the kind of health care opportunities and benefits that will be provided to current seniors," Romney said today at an impromptu news conference in South Carolina. "Our plan [has] no change for current seniors and those 55 and older."

        In staking out that position - calling for a reversal of the cuts, now directed to help pay for Obamacare - Romney is, however, making something of a gamble.

        First, Romney appears willing to restore more favorable conditions for "waste, fraud and abuse" - at least in the short term.

        Repealing the entirety of the ACA would mean the elimination of new protections already recouping record-high sums of wasted Medicare cash.

        Of the estimated $70 billion of Medicare waste in 2010, for example, regulators have recovered an unprecedented $4 billion thanks to the new measures, according to the nonpartisan Center for Medicare Advocacy.

        A Romney campaign official explains that the former governor would address the issue of "waste, fraud and abuse" separately, but did not offer specific details.

        "Once Obamacare has been wiped off the books, America can move forward with patient-centered reforms that improve access and control cost, as well as with entitlement reform that eliminates waste, fraud and abuse while protecting Medicare for current seniors and strengthening it for future generations," the official said.

        A bigger issue with Romney's plan to "restore" Medicare cuts under Obamacare could be the impact on the solvency of the program, which was extended by 8 years to 2024 under the health care law.

        Restoring the original, higher Medicare payout rates to providers could accelerate the program's path to bankruptcy, experts say - at least until a Romney plan to convert the program into a fixed-benefit, voucher-style system could be put in place.

        "Gov. Romney's plan is to repeal Obamacare and replace it with patient-centered reforms that control cost throughout the health care system and extend the solvency of Medicare," said Romney spokeswoman Andrea Saul.

        "He will then implement real entitlement reform that places Medicare on a sustainable long-term footing so that future generations of Americans will not have to worry whether the program will be there for them," she said.

        Romney has only offered broad outlines of his plan, not yet detailing how it would work or how he would pay for it.

        Obama campaign spokeswoman Lis Smith said the entire Medicare debate highlights the lack of substance the presumptive GOP nominee has promised to provide.

        "He's criticized the President's policies that extended the solvency of Medicare by cutting waste, fraud, and abuse, but he's provided no details about how he'd replace them. All we do know about Mitt Romney's plan is that he would end Medicare as we know it by turning it into a voucher system, which could increase health care costs by $6,400 a year. This would be nothing short of a disaster," she said.

        For now, Romney appears to be banking on winning the ear of wealthier older folks enrolled in Medicare Advantage programs, which provide extra benefits to traditional Medicare for those who opt-in.

        One in four Medicare recipients now have Advantage plans. Romney, backed by a report by the Medicare trustees and several independent experts, claims the Obama spending cuts could impact those benefits, with reduced subsidies to providers meaning higher premiums or fewer extra benefits.

        Bill Galston, a former Clinton adviser and senior fellow at the Brookings Institution, didn't dispute Romney's claim outright, though he said "it is speculative, at best."

        "Whether the providers will respond by reducing access to services or the quality of those services, or respond the way the administration hopes they will by continuing to deliver the services at a lower profit margin, remains to be seen," Galston said.

        "Health care experts are divided on the question of whether the Obama reductions in Medicare will have negative consequences for beneficiaries," he concluded.

        'Millionaire Matchmaker' Client, Convicted Fraudster, Sentenced to Federal Prison

        By Suzan Clarke | ABC News Blogs – 14 hours ago

        (ABC News)Michael Prozer III, who once appeared on the reality TV show "The Millionaire Matchmaker" and later pleaded guilty to federal fraud charges, has been sentenced to eight years in federal prison.

        Prozer appeared on season two of the hit Bravo series that matches single wealthy people with potential spouses.

        He was sentenced Thursday to eight years and six months in prison after pleading guilty in April to federal charges that he conspired to commit mail, wire and bank fraud, and made a false statement to a financial institution.

        The 38-year-old Tampa, Fla., man admitted he swindled Park Avenue Bank, a now-defunct Georgia institution, out of a $3 million loan that he never repaid. Prozer paid a co-defendant $25,000 to falsify a document claiming he had more than $21 million on deposit that could be used as collateral.

        No such funds existed, according to the local U.S. Attorney's Office.

        During his appearance on the Bravo show, Prozer, who is the father of two young boys, told television audiences that he was the millionaire CEO of Xchange Agent Inc., an online payment service for people in South America.

        He claimed to own a mansion and private jet.

        Prior to his guilty plea, Prozer had maintained his innocence, but said in court on Thursday that he took "responsibility for what happened," the Tampa Tribune reported.

        Fedor Stanley Salinas, 36, of Bethesda, Md., also pleaded guilty in April to conspiracy to commit mail, wire and bank fraud. Salinas, who was a financial specialist at Wachovia Bank in Langley Park, Md., provided the false letter of credit stating Prozer had more than $21 million on deposit, the U.S. Attorney's Office said.

        Salinas was sentenced to 27 months in prison, after which he will be deported to Ecuador, the Tribune reported.

        The Associated Press contributed to this report.

         
         
         

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