The latest in the NRCC scandal

On the road so don’t have much time but here’s the latest:

The National Republican Congressional Committee said Thursday that its former treasurer, Christopher J. Ward, may have embezzled hundreds of thousands of dollars from the committee, but GOP sources said the total lost by the NRCC and other Republican committees could be as high as $1 million.
[....]

“I had no reason to suspect there was a problem,” said Rep. Greg Walden (R-Ore.), who chaired the NRCC’s audit committee during some of the years when Ward allegedly produced fake audits. “No one raised a red flag.”

Still, Walden said he tried on numerous occasions to set up a meeting with the committee’s outside accountant — he believed it was Deloitte & Touche — but that Ward repeatedly delayed. At one point, Walden said he approached then-Chairman Tom Reynolds (R-N.Y.) to get Ward to set something up, but that Ward called back immediately to complain that members of the accounting firm weren’t returning his calls.

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3 Comments »

Comment by filby
2008-03-15 19:03:47

No red Flag???

Dude, you never meet with the auditors for 5 years and you can say with a straight face that you had no idea there was something going on? I know that oversight isn’t exactly the Republicans’ strong suit, but seriously…

 
Comment by jiminybizbo
2008-03-15 22:19:55

Excellent point.

 
2008-06-08 12:23:39

[...] Reynolds was chair of the NRCC while much of this embezzling was taking place. And he put the kibosh on outside audits during this time. I find that suspicious, [...]

 
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