► Today’s “Arrogant Avarice” Award goes to Texas State Sen. Troy Fraser Print E-mail

Today’s “Arrogant Avarice” Award goes to Texas State Sen. Troy Fraser

 
Congratulations to….
 
Sen. Troy Fraser
Today’s Texas “Arrogant Avarice” Award Winner
 
Troy Fraser was successful in duping the voters to elect him to the 24th State Senate seat in 1996. Arrogant Troy is a multi-millionaire who is the founder of Fraser Industries; one of the nations’ largest manufacturers and recyclers of wooden pallets.
 
According to Greedy Troy’s 2009 Financial Statement he earned nearly $1 million dollars from various investments, which are set forth at the end of this article. The value of Troy’s stock, mutual fund and bonds is hard to estimate but it is likely in the millions of dollars. Some of those stock holdings are listed in Text Box 1 at the end of this article.
 
Despite being a multi-millionaire, Greedy Troy decided to hose his unsuspecting campaign contributors for the annual dues/fees to be a member of the Escondido Golf Preserve, which is an exclusive club located in Horseshoe Bay, Texas.
 
Since the Club’s opening in 2007, Troy has billed his campaign $19,110.44 for his personal membership dues as set forth in Text Box 2 at the end of this article. Despite earning over $1million in 2009, Troy the Loser felt compelled to stick-it-too his contributors to cover the $7,500 in membership dues to the Escondido Country Club.
 
In addition to the above hosing, Troy also clipped his unsuspecting contributors for nearly $14,000 to provide him with a luxury Lexus and another $28,875 for the cost of his luxury condo in Austin. What a Guy, right?
 
Not only does Tory give a new meaning to “Cheapskate,” he’s an embarrassment to every well-intentioned legislator throughout the country that has engaged in the same kind of conduct.
 
Congrats Chris; keep up the good work! We should let everyone know of your amazing record as one of Texas’ most greedy public officials; you are far too humble.
 
The Dawg~
Folsom, California

 

Interest, Dividend & Royalty Income – 2009
$115,000 = 41 x $2,500 median ($500-$5,000)
$105,000 = 14 x $7,500 median ($5-$10,000)
$192,500 = 11 x $17,500 median ($10-$25,000)
$300,000 = 6 x $50,000 median ($25,000 and up)
$51,000 = Stock Dividends
$22,500 = Income from Bonds
$10,000 = Income from Mutual Funds
$795,500
 
In addition, Troy and/or his wife owned the following shares, which doesn't include nearly 20,000 shares in various Mutual Funds plus another 6,500 stocks held in various companies.
 
Text Box 1

Name
Shares
 
Name
Shares
 
Name
Shares
Bank of R.I.
10,000
 
CH Robinson
2,500
 
Coca Cola
2,500
Auto Data
2,500
 
Devon Energy
2,500
 
Expeditors
2,500
Dent Supply
2,500
 
Hellis Energy
2,500
 
Holly Corp
2,500
EMC Corp
2,500
 
Rockwall
2,500
 
Schlum
2,500
PepsiCo
2,500
 
United Health
2,500
 
Verizon
2,500
Texas Inst
2,500
 
Wyeth
2,500
 
Williams Cos.
2,500
US Bancorp
750
 
T. Rowe Price
750
 
Wells Fargo
1,000
News Corp
750
 
Lab Corp
750
 
Schien Henry
750
JP Morgan
750
 
Home Depot
750
 
Kraft
750
Fedex
750
 
Fastenal
750
 
IBM
750
Best Buy
750
 
Exxon Mobil
750
 
 
 
 
 
 
 
 
 
 
 

 
Text Box 2
Escondido,
$ 2,366.34
1/19/2010
Membership Fee
Horseshoe Bay
Escondido,
$ 5,151.60
7/17/2010
Membership Dues
Horseshoe Bay
Escondido,
$ 2,918.51
1/09/2009
Membership Dues
Horseshoe Bay
Escondido,
$ 3,017.04
7/02/2009
Membership Dues
Horseshoe Bay
Escondido,
$ 3,017.04
1/09/2008
Membership Dues
Horseshoe Bay
Escondido,
$ 2,639.91
7/16/2008
Membership Dues
Horseshoe Bay
 
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