Ralph Reed Allegedly Mulled ‘Mortgaging Black People’

Posted on Jul 13, 2006

From TPM Muckraker

Ralph Reed

The former Christian Coalition leader and current candidate for Lt. Gov. of Georgia reportedly concocted a scheme with lobbyist Jack Abramoff to collect the life insurance payouts of African-Americans in lieu of charging them fees for the duo’s lobbying and consulting services. (Read the whole story in GQ.)

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TPM Muckraker:

Ralph Reed’s primary is only a week away and things are heating up.

In advance of its August publication date, GQ has released a big piece on Ralph Reed today, with one gem in particular: a plan hatched by Reed and Jack Abramoff which sounds suspiciously like “mortgaging old black people,” as a former Reed associate told the magazine.

In July of 2003, Abramoff and Reed considered launching something called the Black Churches Insurance Program.

We know how this scheme would have gone, because Abramoff pitched something similar to a cash-strapped Texas tribe, the Tigua. Basically, since the tribe couldn’t pay Abramoff, he offered to arrange “a life-insurance policy for every Tigua 75 or older.” When those elders died, the death benefits would have gone to Abramoff through one of his non-profits. The Tigua didn’t take Abramoff up on the offer, but it was too good of an idea to let go.

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