Say Anything Blog

The accounting scandal now haunting the National Republican Congressional Committee was preceded by a series of decisions over the past decade to relax internal financial controls at the committee, according to numerous Republican sources familiar with the NRCC’s operations during those years.

…These changes gave committee staffers more freedom to spend money quickly and react to a shifting political landscape during heated campaign battles, and House Republicans were able to claim larger majorities after the 2000, 2002 and 2004 elections.

… the actions also may have contributed to a perceived lack of oversight within the NRCC, especially over financial records, a failure that outside observers blame for an accounting scandal that could go much deeper than the allegedly forged audit a former treasurer sent to the committee’s principal lender in January. NRCC officials contacted the FBI soon after discovering that the former employee, Christopher J. Ward, had submitted what they believe to be a fake internal audit to Wachovia as part of a loan application by the committee.