CREW FEC COMPLAINT AGAINST MZM AND MITCHELL WADE RESULTS IN $1,000,000 PENALTY – SECOND LARGEST

CREW FEC COMPLAINT AGAINST MZM AND MITCHELL WADE RESULTS IN $1,000,000 PENALTY – SECOND LARGEST IN FEC HISTORY
http://www.citizensforethics.org/node/30356


31 Oct 2007 // Washington, DC – Today, as the result of a complaint filed by Citizens for Responsibility and Ethics in Washington, the Federal Election Commission (FEC) announced the second largest fine in FEC history -- $1,000,000 -- has been imposed against MZM and Mitchell Wade.

In June 2005, Citizens for Responsibility and Ethics in Washington (CREW) filed a complaint with the FEC alleging that MZM, Inc. and its president, Mitchell Wade, violated the Federal Election Campaign Act. CREW's complaint was based on an article appearing in the San Diego Union-Tribune and alleged that Wade had used corporate funds to reimburse employees for contributions made to members of Congress who Wade believed could be helpful to MZM.

MZM and Wade have entered into an agreement with the FEC admitting that MZM made corporate conduit contributions to the campaigns of Rep. Virgil Goode (R-VA) and former Rep. Katherine Harris (R-FL) and agreeing to pay $1,000,000 to settle the matter.

Melanie Sloan, executive director of CREW, said ...............

$1 million is 1/66 of MZM Inc's total revenue in 2005. No telling how many millions their illegal contributions were worth in business.

Unfortunately, these guys settle and it's just another cost of doing business.

the same and pays the equivalent of $275 (in my bucks). They murder hundreds, and get a slap. Something wrong here?

politicians going to work for corporations, ALL happening in an atmosphere of politization of Justice, and you can run off with the treasury of future generations w/o legal consequences, it seems.

:kick: