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Showing posts with the label Unconstitutional legislation . State of Maine

Angus King's Almost Legal Insider's Investment Club. - Part One

Tweet This !! http://goo.gl/W9lWV5 More on The Small Enterprise Growth Fund (since 2014 known as The Maine Venture Fund), signed into law by Angus King to become the most secretive Maine state corporation ever . I have been writing about the SEGF since 2009, when I  participated in competition at the  Juice Conference for what seemed to be a micro-economy investment, promoted as contributed by an "anonymous donor", later revealed to be the SEGF. At that conference and on the SEGF's website the taxpayer's role in subsidizing this investment company is promoted with the explanation that for every dollar that the Maine taxpayers "invest", high growth investors contribute nine dollars. When I first heard this statement and until a few days ago, I took it to be a case of incorrect language as the model that I had constructed in my mind was one in which investments are made on an individual basis in individual companies and so it seemed to me that i