Lobbyist paid $15K to Waters' husband
Bill would have benefited client

A lobbyist known as one of California's most successful power brokers while serving as a legislative leader in that state paid Rep. Maxine Waters' husband $15,000 in consulting fees at a time she was co-sponsoring legislation that would help save the real-estate finance business of one of the lobbyist's best-paying clients, records show.

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In a nut shell. A powerful lobbyist paid Waters’ banker husband $15,000 in “consulting fees” as she co-sponsored a law aimed at saving a business that was among the lobbyist’s top clients. The IRS determined that the firm he worked for was a 'scam' and the passage of the bill Waters was working on would have overturned a federal ban that would have allowed the shady enterprises to keep raking in lucrative profits.