Career
He was known as a major donor in national Republican circles. He chaired the Oregon Republican Party in the early 1990s, opposing the far right Oregon Citizens Alliance. He ran for chairman of the Republican National Committee in 1993 and for Governor of Oregon in 1996, losing the former race to Haley Barbour and the latter to Denny Smith in the primary election.
Berkman served as Oregon’s state Republican Party chairman from 1989 to 1993 and ran unsuccessfully for the Republican nomination for Governor of Oregon in 1994.
He was arrested in March 2013 in the Tampa, Florida suburb of Odessa, where he has a $3.94 million home, on charges of selling pre-IPO shares of Facebook. In June 2013, Berkman pled guilty to securities and wire fraud at the United States District Court for the Southern District of New York in Manhattan.
On December 16, 2013, he was sentenced to 6 years in prison, and will be required to repay $8.4 million to investors. Craig Berkman was born Craig Lamont Willoughby in Sioux City, Iowa.
Craig Berkman was raised poor in the Roseway neighborhood of Portland, Oregon.
As Craig Berkman, he graduated from Madison High School, went to Wheaton College in Illinois on a scholarship and later earned graduate degrees from University of California, Berkeley and Lewis & Clark Law School. Berkman is a trustee of Lewis & Clark College. Berkman was chairman of the Oregon Republican Party from 1989-1993.
He was chairman of high-technology and medical equipment companies.
He worked as an administrative aide at his alma mater Lewis & Clark College. Berkman has been accused of fraud for decades.
Sentenced to six years in prison for a scheme that cost investors $16 million in investments.
