June 7, 2008 / by emptywheel

 

What Happened to the Other Half Million?

I’ve got just a few questions about the report that prosecutors have found $500,000 that former NRCC treasurer Christopher Ward embezzled (h/t dakine).

The former treasurer of a key Republican campaign committee embezzled more than $500,000 over a five-year period, using it to fund mortgage payments and a six-figure remodeling of his Bethesda home, according to court documents filed yesterday.

The papers were filed by federal prosecutors in an attempt to force the former treasurer, Christopher J. Ward, to forfeit his home to the government.

The government alleges that Ward, who had worked for National Republican Congressional Committee (NRCC) since the 1990s, made numerous unauthorized diversions of funds from its accounts and joint accounts set up with Senate Republicans. He often shifted money into his personal account just as payments for his mortgage or home remodeling were due, according to the court filing.

First, seeing as how the NRCC admits it has a million dollars less on hand than it thought it did, where did the other half million go? 

Well, if you look closely, these court papers pertain to money embezzled from the Presidential Dinner funds, not from the NRCC.

So I’m curious.  

Is it just that the embezzlement Ward did from the Presidential Funds is easier to find? Or is something different going on with the NRCC than they’ve been telling us?

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Originally Posted @ https://www.emptywheel.net/2008/06/07/what-happened-to-the-other-half-million/