Luxurious LifeStyle – Trump Supporter Shocked Over Clemency of ‘Criminal’ Who Stole His Life Financial savings in Ponzi Scheme
Kimball Pugmire, who supported the outgoing president and voted for him in 2016 and 2020, instructed the Tampa Bay Occasions that he was pressured to query Trump‘s honesty after studying that the president had granted clemency Wednesday to “lifetime criminal” Fred Davis Clark Jr., who was sentenced to many years behind bars in 2016 after defrauding almost 1,400 traders out of a mixed $300 million.
“I had been attempting to overlook all this, but it surely makes you marvel, even being a Trump supporter, about his honesty,” Pugmire instructed the paper.
Clark was CEO of Cay Golf equipment Resorts and Marina, which provided traders the promise of regular returns by purportedly reworking outdated properties into luxurious resorts in Florida, the Caribbean and Las Vegas. In actuality, the initiatives have been by no means accomplished and the cash taken in from new traders was getting used to repay excellent money owed to outdated traders and to fund Clark’s lavish way of life.
Pugmire purchased condominium models in Clearwater, Florida and in Las Vegas, believing he would quickly obtain promised “leaseback” funds after which common rental earnings. When the cash by no means got here, Pugmire’s house was pressured into foreclosures and his retirement was indefinitely postponed. He believed that Clark’s prolonged jail sentence was nicely deserved.
“I assumed nicely he’ll most likely die in jail and he deserved it,” stated Pugmire. “I used to be considering that is justice as a result of now he can sit there the remainder of his life considering what he is achieved to different folks.”
As an alternative, Trump commuted Clark’s remaining sentence on January 13. It isn’t clear why Clark was issued clemency. He’ll reportedly stay in Orlando on supervised launch for 5 years and continues to be legally obligated to pay $179 million in restitution regardless of the commutation.
“I am extra disenchanted for the investor victims and the devoted public servants throughout the Securities and Change Fee and Division of Justice who put their hearts and souls into this prosecution and had the rug pulled out from below them,” Bruce Barnes, an lawyer for house owners of models at one of many Florida properties, instructed the paper.
Clark was the primary to obtain clemency from Trump in 2021. The commutation preceded what is predicted to be a big wave of pardons and commutations from the president throughout his remaining 24 hours in workplace. Trump is ready to go away the White Home for good on Wednesday morning, hours earlier than President-elect Joe Biden is scheduled to be sworn in because the 46th U.S. president.
Newsweek reached out to the White Home for remark.