Michael Grimm often boasts about his background as a small businessman and his time working on Wall Street, but a deeper look into Grimm's past by the New York Times reveals a history no politician would ever want to tout. Grimm had a long business relationship with Carlos Luquis - before, during and after Luquis' conviction for racketeering and fraud.
Not only has Grimm hidden his business dealings with his convicted felon friend, he also may have lied about working at a Wall Street firm that was "sanctioned repeatedly for gouging customers." Grimm's sordid past is a devastating blow to his self-styled all-American reputation.
GRIMM'S GANG: THE PLAYERS
Member of Congress. Former FBI agent. Bought a property in Texas with Harold Rosenbaum in 2006. The deal went sour when contractor Hill Castle Homes, operated by Carlos Luquis and Michael Kloc, allegedly went missing. Deal led to a lawsuit over the property owned by Grimm and Rosenbaum.
Served with Grimm in the FBI. After leaving the FBI, Luquis was indicted on state racketeering and fraud charges for his involvement in a scheme in Texas. However, Luquis spent only two years in jail of a 12-year term. Luquis was also involved with Hill Castle Homes and contracted with Grimm on a failed development project prior to his incarceration. After his release from prison, Luquis was tapped by Grimm to play a leading role in his new company, Austin Refuel, and was frequently seen helping on Grimm’s congressional campaign.
Wife of Carlos Luquis. Once her husband got into trouble with the law, Monica appeared on some business records in his place. She was a founding member of KLG Developments, along with Grimm and Michael Kloc.
Partnered with Carlos Luquis in Hill Castle Homes, which contracted to build on Grimm and Rosenbaum’s Texas property in 2006. Kloc was also a founding member of KLG Developments with Grimm and Monica Luquis.