From Brian Faughnan at Red State:
If you’ve been thinking of buying a quaint little retreat near Galway, Ireland, you might want to ask Chris Dodd for advice. He’s made off quite well on his (pictured).
Here’s the quick-and-dirty: find a convicted felon and get him to put up two-thirds of the purchase price, then 8 years later - when the value of comparable real estate has quadrupled - buy him out at around the same amount he bought in for.
Voila! Before you know it, you own an Irish ‘cottage’ worth about a million dollars, but whose value you claim on ethics forms is as little as $100,000! The Wall Street Journal reported on the specifics not that long ago.