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NRCC to Reveal Embezzlement Details

The National Republican Congressional Committee will reveal today the results of a pricey forensic audit of its books in the wake of a massive alleged embezzlement scheme by its former treasurer, Christopher Ward.

The NRCC has been tight-lipped so far about how much Ward ultimately took and the results of the audit, details of which will be provided to top lawmakers and the media in briefings today. A range of numbers in the high six-figures have been circulated, and one GOP source familiar with the audit said it showed Ward took approximately $725,000 from the NRCC and its affiliated accounts from 2001 to 2007. As high as that number is, it is actually less than some original estimates. In March, the NRCC said at a preliminary briefing that it had found discrepancies in its books amounting to more than a million dollars.

"There's no staggering numbers here," a source familiar with the final audit's findings said Wednesday. "There's no millions. There were no surprises."

At the same time, NRCC Chairman Tom Cole (R-Okla.) has said that payments to the auditing firm, PricewaterhouseCoopers, and to lawyers at Covington & Burling dealing with the scandal could well top $1 million, meaning the committee could end up spending more investigating the theft than was actually stolen.

The Washington Post reported Saturday that Ward allegedly embezzled more than $500,000 from the NRCC in order to pay for renovations and mortgage bills on his Bethesda home, according to documents filed in federal court by government prosecutors seeking to seize the house. The court papers said Ward had moved money from the NRCC's coffers to those of special committees established for the annual President's Dinner fundraiser, and had then transferred the cash to his own bank account.

That was one of at least three ways Ward allegedy took cash. He also transferred money that belonged in the President's Dinner accounts to directly to himself (rather than using those accounts as a conduit), and he moved cash from the NRCC to other GOP political action committees he controlled, and then to himself. In addition to his work at the NRCC, Ward served as treasurer of more than 80 other Republican committees. At least five of those committees have reported alleged thefts by Ward, in amounts ranging from $2,000 to $20,000.

The NRCC has an insurance policy that will likely end up reimbursing the committee for all or part of what Ward stole, though that process is expected to take months and would not result in a payment to before the November election. The NRCC is currently trailing the Democratic Congressional Campaign Committee in the fundraising department by a wide margin.

By Ben Pershing  |  June 12, 2008; 6:00 AM ET
Categories:  2008 Campaign , Ethics and Rules , GOP Leaders  
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The Mafia, The CIA, &
The Vatican's Intelligence Apparatus

By David G. Guyatt
Extracted from Nexus Magazine, Volume 7, Number 5
September-October 2000 in the USA only.
From our web page at:

In its zeal to stamp out communism, the Vatican set up alliances during World War II with various secret societies, fascist groups and spying agencies and has maintained these networks ever since.

By David G. Guyatt © 2000 by David G. Guyatt Extracted from Nexus Magazine, Volume 7, Number 5 September-October 2000 in the USA only. From our web page at:

Albert Vincent Carone is one of those people who spent his life dancing between raindrops and turning invisible wherever a shadow lingered. He existed and also didn't exist. Al Carone--unlike his near namesake, Al Capone--truly was a paradox wrapped in a mystery concealed behind an enigma.

Carone was a detective in the New York Police Department, but this didn't stop him from becoming a "made" man in the Genovese crime family. He knew all the leading Mafiosi of his day, including Vito Genovese, Sam Giancana, Santos Trafficante, Joe Colombo and Pauley Castellano amongst others. To Carone's daughter, Dee, they were all known as "Uncle". When she got married, her father arranged two different reception rooms to separate the Mob guests from the NYPD guests. But this was more window-dressing than anything else. One of Carone's principal functions in the NYPD was to act as the "bagman" in protecting shipments of CIA drugs to the various Mafia families.

Carone died in 1990 under mysterious circumstances. This followed a period of great personal disenchantment with his life, following a secretive mission to Mexico in 1985 when a large number of innocent women and children died unnecessarily. His death was horrific, reports Mike Ruppert, editor of From The Wilderness newsletter, who has investigated Carone's life story and written a special report on it (see acknowledgements).

Meanwhile, another "Uncle" was Bill Casey, Director of the Central Intelligence Agency during the Reagan Administration. Casey had been with the Office of Strategic Services (OSS) during World War II. During the 1970s, he became Chairman of the Securities and Exchange Commission (SEC) which regulates the US investment industry. During his tenure in that role, Casey used Carone as a "cut out" to pass sensitive insider information to Mob capo Pauley Castellano, says his daughter, Dee.

Carone was also a Full Colonel in the US Army, where he had operated in the Army's Counter Intelligence Corp (CIC). Unsurprisingly, in view of his close friendship with Bill Casey, he was also a covert operative for the CIA. But that wasn't half of it. Carone was also a Grand Knight of the Sovereign Military Order of Malta (SMOM), which historically has been the military arm of the Vatican and is regarded as a separate State with full powers of statehood, including issuing its own diplomatic passports.

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Posted by: che | June 12, 2008 9:43 AM | Report abuse

mixed feelings.... in the mind's eye of the guy who embezzeled I would say, it was a worthy place to take money from, politics.

Posted by: angriestdogintheworld | June 12, 2008 1:22 PM | Report abuse

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