From: Subject: Date: April 21, 2005 3:53:51 PM CDT Hankblog: Truth in Advertising Award

Thursday, April 28, 2005

Truth in Advertising Award

Via The Poor Man, this story in the Nashua Telegraph:

A man convicted of stealing more than $600,000 in a business loan scam received an award from the National Republican Congressional Committee honoring his business leadership and party support.

Ira Stern, 56, of Milford was among hundreds of people nationally to receive the 2004 Ronald Reagan Republican Gold Medal award, Republican Congressional Committee spokesman Alex Burgos said Wednesday.


“I believe the Congressional Committee gives that to people who support the Republican Party. I made a very small donation to them, and next thing I know, I was being nominated for businessman of the year,” he said.

Public records show Stern gave $250 to the NRCC in 2004.

Stern urged The Telegraph not to report his prior conviction, saying it was in the past. He is now trying to rebuild his life and support his family with his business-consulting firm, he said.


Stern was sentenced to 2 ½ to five years in prison and ordered to pay $250,000 in restitution after pleading guilty to felony theft charges in 1996 in Hillsborough County Superior Court.

Stern admitted to bilking 14 local businesses and individuals out of a total of more than $600,000 through an “advance fee loan scam.” Stern admitted at the time he took the money as fees, claiming he would arrange venture capital loans, but never made any loans.

As part of his plea bargain, Stern read a two-page statement in court admitting various aspects of the allegations.
This dude sounds ripe for Haliburton's recruiting efforts. They can use a man like him in Iraq. For once, we get honesty from the RNCC. They reward people who rip others off :-).