When Charlie Schwabe decided to buy shares of an investment company, he put his own money at risk.
Schwab invested about $3 million in the company.
But his investment turned sour when he saw that Schwab, the former CEO of online discount retailer Groupon, was spending a lot of money on lobbyists and special interests, including two of his former bosses at Groupon.
Schweab was so upset about his investment, he quit the company and started his own company, the Schwab Company.
He is now worth $6 billion, according to Forbes.
Schwarab is not the only prominent investor to have faced the threat of having his investment wiped out.
In February, the Federal Reserve announced that it was considering increasing the cost of government bonds to help stimulate the economy, and it also called for the federal government to hold a bond auction, where investors bid up or down on the value of bonds to encourage more people to buy them.
The Fed did not immediately comment on Schwab.
Schwaab has long been known for his philanthropy, and he has donated $4 million to groups fighting poverty.
He also donated $50 million to the Center for American Progress, a left-leaning think tank that he founded.
Schwoeb’s experience with lobbyists was not unique.
He was also sued by a lobbyist in 2004 for $10 million, according the Washington Post.
And he was a target of a $5.3 million defamation lawsuit from former Rep. Dennis Kucinich (D-Ohio) in 2010, which alleged that Schwabe “had repeatedly made disparaging remarks about KucINich.”
Kucinick and Schwab were both indicted in 2015 for corruption.
They were both acquitted of the charges.
The financial industry has been rocked by a number of scandals in recent years, including allegations of massive insider trading, a massive market manipulation, and allegations that JPMorgan Chase had engaged in “systemic and widespread fraud.”