Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Campaign treasurer for NYC comptroller indicted
Source: Reuters
Campaign treasurer for NYC comptroller indicted
Fri Apr 27, 2012 2:55pm EDT
(Reuters) - The campaign treasurer for New York City Comptroller John Liu has been indicted for making a false statement to federal officials, according to a court filing, further weakening Liu's bid to become mayor in 2013.
In February, Liu's campaign treasurer, Jia Hou, was arrested and charged with fraud for violating contribution limits. Prosecutors said she had used "straw donors" to funnel large, illegal contributions to Liu's mayoral campaign.
Straw donors make a campaign contribution in their own names but with funds provided by someone else, or are reimbursed for the donation later. Prosecutors say the scheme illegally boosted the amount of campaign matching funds for which Liu qualified.
The comptroller is the city's fiscal watchdog and helps oversee its $110 billion pension fund. Democrat Liu, who was born in Taiwan, is the city's most prominent Asian-American politician.
[font size=1]-snip-[/font]
Fri Apr 27, 2012 2:55pm EDT
(Reuters) - The campaign treasurer for New York City Comptroller John Liu has been indicted for making a false statement to federal officials, according to a court filing, further weakening Liu's bid to become mayor in 2013.
In February, Liu's campaign treasurer, Jia Hou, was arrested and charged with fraud for violating contribution limits. Prosecutors said she had used "straw donors" to funnel large, illegal contributions to Liu's mayoral campaign.
Straw donors make a campaign contribution in their own names but with funds provided by someone else, or are reimbursed for the donation later. Prosecutors say the scheme illegally boosted the amount of campaign matching funds for which Liu qualified.
The comptroller is the city's fiscal watchdog and helps oversee its $110 billion pension fund. Democrat Liu, who was born in Taiwan, is the city's most prominent Asian-American politician.
[font size=1]-snip-[/font]
Read more: http://www.reuters.com/article/2012/04/27/us-newyork-comptroller-idUSBRE83Q14N20120427
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
