NRCC report: NRCC Treasurer Chris Ward transferred $725,000 to personal account

[babylonsister]

NRCC report: Ward took $725,000
By Jackie Kucinich
Posted: 06/12/08 02:19 PM


Former National Republican Campaign Committee (NRCC) Treasurer Chris Ward apparently acted alone in shifting $725,000 from the committee to his own accounts over a six-year period, according to a report released Thursday.

“For years, Chris Ward submitted bogus financial audits to banks and concocted a scheme to direct NRCC funds to his personal accounts for his own selfish purposes,” said NRCC Chairman Tom Cole (Okla.).

“Misappropriated funds and related accounting irregularities took nearly five months for financial experts to unravel, diverting precious financial resources and time that would otherwise have been devoted to our main job of electing Republicans to Congress,” Cole said.

PricewaterhouseCoopers LLP conducted the audit for the NRCC, while Covington and Burling LLP ran an internal investigation. The document noted that neither firm interviewed Ward or was given access to “to potentially relevant documents that may have been in his possession, including his personal bank records.”

more...:wow:

http://thehill.com/leading-the-news/nrcc-report-ward-took--725000-2008-06-12.html

[merh]

1. That's the thing about pirates - they can't be trusted even with

the treasures belonging to all pirates - silly RNC, why do they act so shocked - I thought grand theft undetectable was a job requirement.

[babylonsister]

3. Hahaha! 'Grand theft undetectable'!

I'm sure it's worked for some. :hi:

[merh]

7. they all are thieves and pirates

I betcha the guy thought he would get GOPer of the year - I mean how was he to know they didn't want him taking from their own coffers, its the nature of the beast and all of that. :silly:

[Mountainman]

2. Put a repuke near money and like iron to a magnet it is sucked up!

If you were a repuke would you put your trust in another repuke or a Dem to watch your money for you?

[rurallib]

4. Just goes to show us that, like America, the RNCC should have hired

a democrat to watch its money.

[TomInTib]

5. "diverting precious financial resources and time"

Oh, so that is why they've had their asses handed to them in all of these recent campaigns.

[Beausoleil]

6. No, Ward, you idiot

you're supposed to be fleecing the taxpayers, not US. You get rich by taking bribes from your corporate masters, not by stealing from your fellow thieves.