Opps..scheme by former treasurer lost $750,000


	Opps..scheme by former treasurer lost $750,000

fewstingscorpio

6-12-2008 9:21 PM

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tags:

politics, audits, republicans, "national republican congressional committee"treas, campaign

fewstingscorpio says:

Don't you just hate those audits...
http://thecaucus.blogs.nytimes.com/2008/06/12/nrcc-lost-725000-to-former-treasurer-audit-finds/index.html?nl=pol&emc=pola1

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f8625baf-24a0-4269-80d2-f5f3a3409b17/E0DDD568-259C-4118-8F08-15DC85DE8A91/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://thecaucus.blogs.nytimes.com/2008/06/12/nrcc-lost-725000-to-former-treasurer-audit-finds/index.html?nl=pol&emc=pola1" href="http://thecaucus.blogs.nytimes.com/2008/06/12/nrcc-lost-725000-to-former-treasurer-audit-finds/index.html?nl=pol&emc=pola1" style="font-size: 11px;">thecaucus.blogs.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thecaucus.blogs.nytimes.com/2008/06/12/nrcc-lost-725000-to-former-treasurer-audit-finds/index.html?nl=pol&emc=pola1"><H2 class="post-title">NRCC Lost $725,000 to Former Treasurer, Audit Finds</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thecaucus.blogs.nytimes.com/2008/06/12/nrcc-lost-725000-to-former-treasurer-audit-finds/index.html?nl=pol&emc=pola1"><P>A scheme by a former treasurer resulted in a loss of about $725,000 to the House Republicans’ campaign arm, according to an audit released today.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thecaucus.blogs.nytimes.com/2008/06/12/nrcc-lost-725000-to-former-treasurer-audit-finds/index.html?nl=pol&emc=pola1"><P>Christopher J. Ward, long a trusted financial figure in Republican circles, funneled money belonging to the National Republican Congressional Committee and covered up his scheme by faking external audit reports between 2002 and 2006.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thecaucus.blogs.nytimes.com/2008/06/12/nrcc-lost-725000-to-former-treasurer-audit-finds/index.html?nl=pol&emc=pola1"><P>Representative Michael K. Conaway of Texas, the new head of the N.R.C.C.’s audit committee <A href="http://www.nytimes.com/2008/05/27/us/politics/27theft.html" linkindex="30" set="yes">discovered Mr. Ward’s actions in late January</A>. After Mr. Ward repeatedly put off meetings with auditors, he admitted that no audits had been performed. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thecaucus.blogs.nytimes.com/2008/06/12/nrcc-lost-725000-to-former-treasurer-audit-finds/index.html?nl=pol&emc=pola1"><P>“The essence of Ward’s apparent scheme was that he used his authority to order wire transfers to direct funds through various committees and ultimately to his own accounts,” between 2001 and 2007, the report said, adding that it appeared unlikely that others knew of his actions. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E0DDD568-259C-4118-8F08-15DC85DE8A91/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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