Fraud convict was big RNC donor

[IDemo]

By Michael O'Brien - 03/30/10 02:34 PM ET

A man convicted last week of securities fraud was a top Republican National Committee donor, records show.

Former Brocade CEO Gregory Reyes, who was convicted in federal court last Friday on nine counts of security fraud, donated $75,000 to the RNC between 2003 and 2006, according to Federal Election Commission filings.

Reyes's convictions marks one of the most high-profile victories for the government in prosecuting financial malfeasance. Reyes was convicted due to the practice of backdating, a process of listing options on a contract at a different date than they were actually offered.

The GOP donor's conviction also comes as a debate over financial reform legislation is set to take center stage in Washington when lawmakers return from recess.

http://thehill.com/blogs/blog-briefing-room/news/89823-securities-fraud-convict-was-big-rnc-donor

[Blue Owl]

1. color me shocked

SHOCKED, I tell you...

[aquart]

2. So, nothing for the Congressional midterms? What a shame.