Toll Booth Crony Capitalism

Beware the “public/private partnership.” They are often boondoggles for the connected. In this case the story swirls around one maga-firm, Conduent.

(From The Miami Herald)

Records show that in 2012, the same year that lawmakers asked for the SunPass contract, Conduent hired powerful Tallahassee lobbyist Brian Ballard, a Scott supporter and host of the governor’s $3 million inauguration festivities.

Last year, it was disclosed that Scott and his wife had invested at least $5 million in a hedge fund that held shares of Conduent worth $127 million, though it’s unclear for how long they had that investment.

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