The Wolf of Palm Beach?
Brown must explain role in co that had no revenue, no products, no patents & only ?virtual office? in West Palm Beach pic.twitter.com/KA6lqP6kKs— NH Democratic Party (@NHDems) June 5, 2014
The New Hampshire Democratic Party put out this Photoshopped image on Thursday, trying to compare US Senate hopeful Scott Brown’s role in a Florida company to finance industry bad boy Jordan Belfort’s actions, fictionalized in Martin Scorsese’s “The Wolf of Wall Street.”
Brown was given $1.3 million to serve on the advisory board of Global Digital Solutions, according to Security Exchange Commission filings. That stock is now worth about $455,000. The firm
The Boston Globe reports:
It was founded as a beauty supply company in New Jersey -- selling hair spray, conditioners, and shampoos, before reinventing itself as a wireless data firm from California and then again last year as a South Florida-based firearms maker and gun technology innovator.
It is the kind of company, with scant assets and a shifting business model, that some financial professionals warn investors to steer away from.
Does Brown really owe an explanation to anyone? That’s up to New Hampshire voters, not the state’s Democratic Party. But the Granite State Dems sure do have a talent for Photoshop.Scalese can be reached at firstname.lastname@example.org or via Twitter @BertoScalese.