Jeb Bush is under scrutiny for his business deals. He has a well-documented problem with choosing legitimate business ventures. There was that time he went to Nigeria for Moving Water Industries (the company later was accused of making false claims to the U.S. government). Or that time he was involved with IMC, a health care company that had $200 million in federal funds go mysteriously missing.
Or, perhaps, the companies have little to do with it—he just made poor choices in business partners.
“Five of his business associates have been convicted of crimes; one remains an international fugitive on fraud charges. In each case, Bush said he had no knowledge of any wrongdoing and said some of the people he met as a businessman in Florida took advantage of his naiveté,” said an article in The Washington Post
Bush’s explanation for his murky business history is a combination of bad luck and inexperience.
“Bush, now 62, has said that he has learned to be more careful about vetting his associates, telling the Miami Herald during his first, failed run for Florida governor in 1994 that getting ‘burned a couple of times” made him “better at deciphering people’s motives,’” The Washington Post article continued.
Some point to Florida as part of the problem. Florida is known for having lax laws that allow for fraud and get-rich-quick schemes, especially in the real estate arena.
Whatever the reason, Bush’s business history is placing a drag on his current campaign. A large part of his platform is touting his business experience, and unfortunately he can’t pick and choose from his past.
[The Washington Post][Nymag.com]