CNN reporter Chris Frates has identified “plenty of red flags” that former Florida Governor Jeb Bush should have seen before he joined in a business relationship with a company called InnoVida, headed by Claudio Osorio, who is now serving a 12 ½-year prison sentence for defrauding investors. Osorio's mug shot is at right.
While Osorio’s efforts to cozy up to politicians in both parties have been previously reported, the CNN report includes important new facts. From the report:
"It's hard to imagine any due diligence investigation that would have missed lawsuit after lawsuit against Osorio alleging fraud, misrepresentation and ethics violations," said Ken Boehm, the chairman of the National Legal and Policy Center, an ethics watchdog group that reviewed public records with CNN. "Even if they were doing due-diligence lite, they would have found the lawsuits. These lawsuits weren't hidden. They were in his home county."