Treasurer Steals up to 1 million from the RNC...

[DarrylS]

Will this election cycle ever end?? Here is the case of the RNC treasurer stealing money from the general election fund, some reports are 1 million +, it seems that the political system in this country should reinvent itself and stop all of the distractions. If I sent money to the RNC, and found out it was funneled for someone's private use I would be pissed. But then again, do not send money to any of them, as they all tend to be rotten bastards.

http://online.wsj.com/article/SB1205...googlenews_wsj

WASHINGTON -- The House Republicans' campaign committee, already strapped for cash going into the 2008 election, said yesterday that it is missing several hundred thousand dollars, and possibly more, after discovering suspected fraudulent activity by its former treasurer.

The National Republican Congressional Committee, which helps elect Republicans to the House, dismissed its longtime treasurer, Christopher Ward, Jan. 28 after it said it discovered he had been submitting bogus financial audits of the committee's accounts since 2002.

The NRCC yesterday gave new information about the potential scope of the fraud. Mr. Ward apparently made unauthorized wire transfers totaling "several hundred thousand dollars" from NRCC accounts into other Republican campaign committees that he also managed as treasurer, said NRCC lawyer, Robert Kelner of the law firm Covington & Burling LLP. Mr. Kelner said that Mr. Ward then apparently made wire transfers from those outside Republican accounts into his own personal and business bank accounts. The NRCC has traced such activity back to 2004, but its investigation is continuing, he said.

"The evidence we have today indicates we have been deceived and betrayed for a number of years by a highly respected and trusted individual," Rep. Tom Cole of Oklahoma, the NRCC chairman, said in a statement.