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ingac70's Journal
Posted by ingac70 in General Discussion
Fri Mar 14th 2008, 12:04 AM
http://www.cnn.com/2008/POLITICS/03/13/gop...

WASHINGTON (CNN) -- An accounting scandal at the Republican Party's House campaign organization has federal agents investigating what happened to hundreds of thousands of dollars and could affect several congressional campaigns, party officials said Thursday.

Christopher Ward, the National Republican Congressional Committee's longtime treasurer, was fired in January after committee officials learned that he had been making unauthorized fund transfers dating to 2004, said Rep. Tom Cole, the committee's chairman.

"Based on analysis conducted to date, it appears likely that over a period of several years Ward made several hundred thousand dollars in unauthorized transfers of NRCC funds to outside committees whose bank accounts he had access to, including joint fund-raising committees in which the NRCC participated," Cole said in a written statement.

"He also appears to have made subsequent transfers of several hundred thousand dollars in funds from those outside committees to what appear to be his personal and business bank accounts."


more at the link..
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