.JPG)
- 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.
Members of the RNC's communications staff did not immediately comment Tuesday afternoon on Reyes's donations.
Donor battles have been a minor subplot of this week's news. The Democratic National Committee said Monday that it would donate to charity $505 that Barack Obama's presidential campaign had received in 2008 from a man charged Monday with threatening to kill House Minority Whip Eric Cantor (R-Va.).
Source:
http://thehill.com/blogs/blog-briefing-room/news/89823-securities-fraud-convict-was-big-rnc-donor
http://thehill.com/blogs/blog-briefing-room/news/89823-securities-fraud-convict-was-big-rnc-donor
Let The Sun Shine In......
No comments:
Post a Comment
We post comments in English and only by followers of this blog. While anyone is free to read any of the material here, comments from self-identified, moderate to left-of-center independents are welcome to post after joining up. Others may comment by email and will occasionally be posted as well.