Monday, July 10, 2006

Truth or Consequences!

“He lies and just takes care of the other Big Guys.” That’s what Cathy Cox said about Mark Taylor, and last week a Pulitzer Prize winning reporter, Randall Savage, agreed.
Why does it matter? If Mark Taylor can’t be trusted, then how can we believe any of his wild, allegations?

For instance, Taylor, in his latest attack, criticizes Cox for doing her job and warning Georgia’s most vulnerable citizens about investment fraud. Relying on half truths and outright false allegations, Taylor accuses Cox of using the ads to promote her bid to become Governor, implies that the SEC sued Cox and seized money from her. Think again, and consider these facts:

An Ethics Watchdog Group Approved of Cathy Cox’s Investment Fraud Education Efforts

Taylor claimed that “…Cathy Cox spent $4 million from a public trust on TV ads promoting her campaign.” The fact is that the ads were funded with money from a national lawsuit against investment firms. States received money from the proceeds of the lawsuit for investor education. The Investor Protection Trust, which disbursed the money, prohibited using the funds to promote individual officeholders but approved of Cox's efforts.

The SEC Never Filed Suit Against Cathy Cox

The SEC and the Investor Protection Trust were awarded money from the investment fraud settlement for investor education. The SEC failed to use their share of the funds and had to fight to keep them from being seized.

The SEC Never Seized Money From Cathy Cox

Trying to salvage a stalled effort at investor education (nationally), a federal judge said that the Securities and Exchange Commission could give $55 million to a foundation created by NSAD. The Investor Protection Trust received about $30 million to support investor education programs at the state level.

Cox Was in Only Four of the Statewide Ads and Didn’t Say Her Name in Those Ads

This is the most deceptive portion of this commercial. During an interview with Paul Yates of WAGA -TV (FOX 5 Atlanta) Cathy Cox was asked specifically about the statewide ads, and responded that she only appeared in four of those ads, and in those ads never once said her name. The clips that the Taylor ad uses are from local PSA’s that ran in communities when Cox was coming in to conduct seminars, not from the ads that ran statewide.

Voters do care about whether they can trust a candidate. It is clear that trust is something Mark Taylor has yet to earn. We deserve better from someone who wants to be Governor.


Button Gwinnett said...

It's just shocking. Because things like lawsuits are so easily verifiable. There has to be a filing and that filing has to be docketed. Either the SEC sued Cathy Cox or they didn't. Either they seized funds from Cathy Cox or they didn't. In both cases, they did not. There's no half-truth to those claims. They are 100% lies. Because there is no way to halfway sue someone or sezie assets from them.

Once again, ask AARP how they feel about the SoS's campaign against investment fraud. Ask those folks, who previously didn't know where to go when they got scammed, how they feel about it. And last but no least, what about the fact that many scam artists have moved on because Georgia is no longer a scam artist playground? Yeah Mark, you're really looking out for the small guys on this one.

It's the same ole, same ole from Mark Taylor: lie, distract, fabricate, distort, and when all else fails just call them a liar. The truth be damned!

Ed Hula III said...

SEC sued a bunch of people, not just CC, so its a half truth.