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NRCC lost $725k to treasurer's fruad

The NY Times Caucus blog reports: A scheme by a former treasurer resulted in a loss of about $725,000 to the House Republicansí campaign arm, according to an audit released today.

Christopher J. Ward, long a trusted financial figure in Republican circles, funneled money belonging to the National Republican Congressional Committee and covered up his scheme by faking external audit reports between 2002 and 2006.

Representative Michael K. Conaway of Texas, the new head of the N.R.C.C.ís audit committee discovered Mr. Wardís actions in late January. After Mr. Ward repeatedly put off meetings with auditors, he admitted that no audits had been performed.

An external audit has finally been performed, by Covington & Burling with PricewaterhouseCoopers, and the N.R.C.C. released a summary of the findings today. -- NRCC Lost ,000 to Former Treasurer, Audit Finds - The Caucus - Politics - New York Times Blog

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