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Candidates seek restitution after fraud plea
A California campaign treasurer pleaded guilty Friday to defrauding at least $7 million from a high-profile roster of politicians in the largest embezzlement case of its kind.But the resolution of the criminal case is expected to do little to help victims recover money they lost in the scheme that the U.S. attorney said highlights the shortage of regulations governing campaign finance managers.Kinde
A California campaign treasurer pleaded guilty Friday to defrauding at least $7 million from a high-profile roster of politicians in the largest embezzlement case of its kind.But the resolution of the criminal case is expected to do little to help victims recover money they lost in the scheme that the U.S. attorney said highlights the shortage of regulations governing campaign finance managers.Kinde
California lawmakers report financial hits to FEC
California lawmakers who employed a treasurer facing federal embezzlement charges reported some steep financial losses to their campaigns, with Democratic Rep. Linda Sanchez taking the hardest hit
Feinstein estimates embezzlement loss at $4.7M
Sen. Dianne Feinstein's re-election campaign estimated on Friday that she is missing nearly $4.7 million because of unauthorized disbursements by her former campaign treasurer, Kinde Durkee.
Sen. Dianne Feinstein's re-election campaign estimated on Friday that she is missing nearly $4.7 million because of unauthorized disbursements by her former campaign treasurer, Kinde Durkee.
Calif. Dems seek waivers after embezzlement scheme
Attorneys for Democratic candidates and committees trying to recover from an alleged embezzlement scheme appealed Friday to California's political watchdog agency to relax financial reporting
Embezzled campaigns could face sanctions
Talk about adding insult to injury. The campaigns for several Democratic lawmakers reeling from the arrest of their campaign treasurer face the prospect of financial penalties themselves.
Talk about adding insult to injury. The campaigns for several Democratic lawmakers reeling from the arrest of their campaign treasurer face the prospect of financial penalties themselves.
Banks fail in Md., Calif., Wash.; 143 total in '10
Regulators shut down four banks Friday, bringing the total of 2010 failures to 143. That tops the 140 shuttered last year and is the most in a year since the savings-and-loan crisis two decades ago.
Regulators shut down four banks Friday, bringing the total of 2010 failures to 143. That tops the 140 shuttered last year and is the most in a year since the savings-and-loan crisis two decades ago.
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