Allegations of Embezzlement
On March 13, 2008 the NRCC stated that its former treasurer, Christopher J. Ward, had apparently transferred "several hundred thousand dollars" in NRCC funds to "his personal and business bank accounts". An estimated $724,000 in losses were embezzled from the NRCC by Ward between 2001 and 2007. Ward has served as treasurer for 83 Republican committees and has done work for the Swift Boat Veterans for Truth.
On June 6, 2008 the Department of Justice, in filing a civil forfeiture proceeding against Ward's house, alleged that Ward "made over $500,000 in unauthorized withdrawals" and that he used the money to make his mortgage payments and for home renovation.
The Federal Election Commission (FEC) conducted a probe into disclosure reports submitted by the NRCC during Ward's tenure as treasurer. Guy Harrison, the executive director of NRCC, agreed to pay a $10,000 civil fine and signed a conciliation agreement with the FEC on June 10, 2010.
Read more about this topic: National Republican Congressional Committee