A familiar name on the long list of most loathsome Democrats is back in the news for all the wrong reasons. Florida Congressman Alan Grayson who is running to replace fallen star Marco Rubio in the U.S. Senate has problems that extend well beyond his being a colossal prick. According to an official report it looks as though the high-rolling Grayson may have legal and ethical issues over a hedge fund that he was running and that may sink his nascent campaign. The Office of Congressional Ethics – now there’s a contradictory name – has released results of an investigation into Grayson and it isn’t pretty.

As covered by the Orlando Sentinel in the story “Report: ‘Substantial reason to believe’ Alan Grayson broke law”:

There is “a substantial reason to believe” that U.S. Rep. Alan Grayson broke federal law and House ethics rules in connection with his offshore hedge fund and other actions in office, according to an investigative report released Tuesday.

But the House Committee on Ethics, which received the report, said the probe into Grayson requires “further review,” so it did not announce any final decision about his fate.

Investigators were initially looking into whether Grayson, D-Orlando, used his position in Congress to solicit investors to the Grayson Fund, partially based in the Cayman Islands. But the report also found possible ethical and federal law violations in his work as a lawyer, investments and the use of his office and staff.

AND

Grayson, locked in a heated Democratic primary campaign for the U.S. Senate, said in a conference call with reporters Tuesday that the only investors in his hedge fund were longtime friends “who were not persuaded to join the fund because I was a member of Congress.”

The report, submitted to the ethics committee in January but only made public Tuesday, said there was “substantial reason to believe”  that:

— Grayson permitted the use of his name by his hedge fund and profited from management fees. Grayson attorney Brett Kappel called the allegation “a fishing expedition” and denied Grayson received any management fees.

Grayson, who can truly be described as a scumbag’s scumbag is vehemently denying any wrongdoing and is taking flak from fellow Dem Patrick Murphy who is contending with the Orlando blowhard for the nod. Murphy called greasy Grayson “unfit” to hold office, a sentiment shared by Dem leader Harry Reid who has said that the scoundrel was a “disgrace” to Congress which is something that Mr. Reid should be an authority on.

Compounding Grayson’s troubles is the recently reported “Panama papers” bombshell that has shined a light on offshore money laundering black magic of the same type that the Cayman Islands are famous for. Fat Alan is for now blaming the attention on an establishment vendetta due his self-created image that he is an outsider but this isn’t the first time that Mr. Grayson has found himself with some explaining to do. It probably won’t be the last either unless voters can do the right thing and get this slimeball out of public office.