Scott Brown Bails On Company That Gave Him $1.3 Million For … Something

ERIC LACH – JUNE 6, 2014, 11:01 AM EDT

Moments after he filed his paperwork to run for Senate in New Hampshire on Wednesday, the press swarmed around Scott Brown, asking questions. They wanted to hear from the former Massachusetts Senator about a little-known Florida company called Global Digital Solutions Inc. Brown would have rather talked about something else.

The company, also known GDSI, got a long look in The Boston Globe this past Sunday. It wasn't a good look. Brown signed on as an advisor with the company in September, and while his role was publicly announced -- he has said he wasn't involved in the day-to-day operations -- the Globe article revealed for the first time that the company had given Brown stock worth $1.3 million.

GDSI is a unusual outfit. As reported by the Globe, it was originally formed as a beauty supply company in New Jersey, then became a wireless data firm in California, before evolving into a firearms and gun technology company in south Florida last year.

The company says it is positioning itself as (deep breath) "a leader in providing small arms manufacturing, complementary security and technology solutions and knowledge-based, cyber-related, culturally attuned social consulting in unsettled areas." But GDSI has no revenue, no patents, and no manufacturing facilities. It has issued millions of shares of stock, which trade for well under a dollar a share. (The stock's value has fallen by half since Brown got his stash.)

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