Rosado to step down for October Meetings.
Rosado made statements to the press today that he would in fact stay absent from his seat for the remainder of the October meetings. It's not the best answer, but it's better than the alternative of Rosado remaining on council, and voting on ordinances with the specter of potential conflict of interest.
In addition, the State's Attorney was quoted today, stating that their top investigator would be looking into the changed date on the check.
Rosado's legal defense tried again to limit the investigation, by submitting a personal request to the State's Attorney, asking them to look into whether or not the real estate license was necessary on the Westphal deal. I believe they are pressing this one investigation point, because they feel they have enough proof to block this one case.
These continued attempts to limit the investigation, however, are the real red flag. Why is Rosado so driven to stop deeper digging? If you are willing to take on the responsibility of public office, you gain the rights, but you also gain the consequences. Mr. Rosado is apparently looking to limit the exposure to the consequences. That is unfortunate, but it is also not very likely to succeed.
In addition, the State's Attorney was quoted today, stating that their top investigator would be looking into the changed date on the check.
Rosado's legal defense tried again to limit the investigation, by submitting a personal request to the State's Attorney, asking them to look into whether or not the real estate license was necessary on the Westphal deal. I believe they are pressing this one investigation point, because they feel they have enough proof to block this one case.
These continued attempts to limit the investigation, however, are the real red flag. Why is Rosado so driven to stop deeper digging? If you are willing to take on the responsibility of public office, you gain the rights, but you also gain the consequences. Mr. Rosado is apparently looking to limit the exposure to the consequences. That is unfortunate, but it is also not very likely to succeed.
posted by Lloyd at 5:34 PM
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4 Comments:
The agreement is clearly a stock sale, not a real estate sale - therefore, the SEC should be investigating, not the DBPR.
I think Rosado has a much larger problem and that has to do with the altered check.
If he is charged and convicted of this he's a gonner since that would be a third degree felony...
Stock sales which are governed by the SEC relate by and large to publically held companies, not private entities such as the one entity being used in this instance. If this concept were to fly, then all any seller of real estate or facilitator of the transaction would have to do is place the property under a corporate ownership, which was struck down by the Florida DBPR many years ago. He was actively involved in the sale of real estate regardless of how he transparently attempted to characterize it, and penalties for actions such as this range to a 10 year prison sentence and a $10,000 fine. At one point or another, Rosado should give up trying to sircuvent the law or claiming ignorance of it, such as the bogus college degree he pled guilty to claiming.
I believe that the SEC only governs publicly traded stocks and NOT privately held companies.
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