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Kurt Sipolski, Palm Desert
About the same time Diane Harkey decided to go into politics, her husband, Dan, decided to start a Ponzi scheme.
Within a few years, they were both wildly successful.
Ultimately, the house they shared in Dana Point was paid for by investors in Dan’s company Point Center Financial, according to the Orange County Register, and she went from mayor of Dana Point to Board of Equalization to now running for Congress.
Dan could not brag as much. His company was valued at hundreds of millions of dollars and went belly-up, even though the investments were theoretically secured by real estate. Some of his investors sued for elder financial abuse five years ago. He lost and was ordered to pay about $14 million. Still, a healthy difference.
Nevertheless, he refused the court order, saying he had no money to pay anybody anything (except his lawyers), even while knowing he had ruined hundreds of seniors. Sadly, some have passed while waiting.
I can’t comment on how Diane felt about the tactic.
According to the Orange Juice Blog, Dan owned a Ferrari, two Porsches and a BMW. I am not sure of the disposition of those and other trappings. He doesn’t talk much.
But Diane stood by his side throughout the bad publicity and enmity. It speaks volumes for her faithfulness and allegiance to Dan Harkey, not her constituents.
I believe they still share their stunning, ocean-view home.
For more information, please visit www.truthaboutharkey.com.