Contact Us

Crapo Lost Campaign Investment in Failed Las Vegas Company

BOISE, Idaho (AP) — U.S. Sen. Mike Crapo’s ex-campaign manager blames his friend for making a “less-than-professional” investment of $250,000 from political donors in a Las Vegas company amid the 2008 financial crisis.

That’s according to documents released Monday by Crapo’s office, three days after the Republican senator announced he was amending his Federal Election Commission filings to reflect losing the money. Crapo’s former manager, Jake Ball, says in a sworn affidavit Crapo gave him latitude to boost returns, though Crapo says he didn’t learn of this investment until the money was lost.

Ball says he gave the money in September 2008 to his friend, Gavin McCaleb. McCaleb says he invested it with Las Vegas-based Pyramid Global Resources, hoping for a big return within just two months. McCaleb said Pyramid’s agreement “was a fraud.”

 

 

More from 95.7 KEZJ

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://kezj.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on 95.7 KEZJ - Southern Idaho's New Country quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on 95.7 KEZJ - Southern Idaho's New Country quickly by logging in with your Facebook account. It's just as secure, and no password to remember!