McMahan Doesn't Have Money To Refund
State Auditor & Inspector Jeff McMahan apparently couldn't refund almost $40,000 in questionable campaign contributions even if he wanted to, examination of his December 31st campaign finance report indicates.
McMahan, under fire as part of a Federal Bureau of Investigation probe into the alleged illegal campaign donation scheme of former Senator Gene Stipe and his abstract company partner, Steve Phipps, received the sum from those identified as straw donors to other campaigns. The FBI alleges the illegal donations were orchestrated by Stipe and Phipps.
Governor Brad Henry and Congressman Dan Boren have donated to charity more than $71,000 funneled into their campaigns by the alleged straw donors. Both said they had no idea the donations were made by persons who were reimbursed by others.
McMahan, facing demands from Republican State Chairman Tom Daxon and his 2002/2006 opponent Gary Jones that he resign, says he won't resign and he's given no indication he's inclined to rid his campaign fund of possibly tainted money.
An examination of McMahan's latest campaign finance report perhaps offers reasons he won't donate the money to charity; he doesn't have it. His report shows cash on hand as of December 31st of just $21,739. In addition, the report shows McMahan has debts of $22,500, including a $10,000 loan from himself. He also lists $12,500 in other loans, the loans apparently guaranteed by three Tecumseh residents. They are Terry O'Rorke ($2,500), Dustie Butner ($5,000) and Richard Gilbert ($5,000).
The bulk of McMahan's campaign contributions in 2002 and again in 2006 came from two sources: Abstractors (which he regulates) and employees of his own office. Many of the alleged straw donors identified by the FBI in affidavits are tied to abstract companies. McMahan's own abstract division manager, Tim Arbaugh, has been identified as a straw donor by the FBI.
McMahan, under fire as part of a Federal Bureau of Investigation probe into the alleged illegal campaign donation scheme of former Senator Gene Stipe and his abstract company partner, Steve Phipps, received the sum from those identified as straw donors to other campaigns. The FBI alleges the illegal donations were orchestrated by Stipe and Phipps.
Governor Brad Henry and Congressman Dan Boren have donated to charity more than $71,000 funneled into their campaigns by the alleged straw donors. Both said they had no idea the donations were made by persons who were reimbursed by others.
McMahan, facing demands from Republican State Chairman Tom Daxon and his 2002/2006 opponent Gary Jones that he resign, says he won't resign and he's given no indication he's inclined to rid his campaign fund of possibly tainted money.
An examination of McMahan's latest campaign finance report perhaps offers reasons he won't donate the money to charity; he doesn't have it. His report shows cash on hand as of December 31st of just $21,739. In addition, the report shows McMahan has debts of $22,500, including a $10,000 loan from himself. He also lists $12,500 in other loans, the loans apparently guaranteed by three Tecumseh residents. They are Terry O'Rorke ($2,500), Dustie Butner ($5,000) and Richard Gilbert ($5,000).
The bulk of McMahan's campaign contributions in 2002 and again in 2006 came from two sources: Abstractors (which he regulates) and employees of his own office. Many of the alleged straw donors identified by the FBI in affidavits are tied to abstract companies. McMahan's own abstract division manager, Tim Arbaugh, has been identified as a straw donor by the FBI.
Labels: Brad Henry, Dan Boren, Gene Stipe, Jeff McMahan, Steve Phipps
posted by Mike McCarville @ 3:02 PM
<< Home