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October 12, 2008 4:55:34 AM CDT

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$1M Embezzled From GOP

Posted Mar 14, 08 7:07 AM CDT in Crime & Courts,  Politics 

(Newser) – One of the Republican Party's former top bureaucrats is suspected of embezzling up to $1 million from the party's campaign coffers, reports the Washington Post. The former National Republican Congressional Committee treasurer allegedly diverted money into his personal accounts for four years. The news is a tough hit for congressional Republicans in an election year.

Accountants and the FBI are investigating years of financial records to figure out exactly how much money is missing. "The evidence we have today indicated we have been deceived and betrayed for a number of years by a highly respected and trusted individual," said NRCC's chairman. 

Source Washington Post

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The former head of the National Republican Congressional Committee allegedly embezzled $1 million.   (Shutter Stock)
The chamber of the House of Representatives. The National Republican Congressional Committee says its treasurer embezzled at least a million dollars.
Rep. Thomas Davis III, R-Va., former chairman of the NRCC. Senior GOP figures are stunned by revelations a former treasurer embezzled funds from the committee.   (AP Photo/Lauren Victoria Burke, File)
Rep. Peter King, R-N.Y. His campaign committee was one of many whose funds were controlled by the former NRCC treasurer suspected of embezzling GOP funds.   (AP Photo/Lauren Victoria Burke)
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FBI  • GOP  • fraud  • Republican Party  • Federal Election Commission  • embezzlement  • Tom Cole  • NRCC  • National Republican Congressional Committee  • Christopher J. Ward  • Peter King


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