CREW FEC Complaint Against MZM and Mitchell Wade Results in $1,000,000 Penalty - Second Largest in FEC History.WASHINGTON -- Today, as the result of a complaint filed by Citizens for Responsibility and Ethics in Washington Citizens for Responsibility and Ethics in Washington (CREW) is an American government watchdog organization founded in 2003. One of their most visible projects is a biannual list of Washington politicians they label as the "most corrupt. , the Federal Election Commission (FEC See forward error correction. FEC - Forward Error Correction ) announced the second largest fine in FEC history -- $1,000,000 -- has been imposed against MZM MZM In currencies, this is the abbreviation for the Mozambique Metical. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. and Mitchell Wade Wade founded the defense contracting firm MZM Inc. (since renamed Athena Innovative Solutions Inc. . 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 The Federal Election Campaign Act of 1971 (FECA, Pub.L. 92-225, 86 Stat. 3, enacted 1972-02-07, et seq.) is a United States federal law which increased disclosure of contributions for federal campaigns, and amended in 1974 to place legal limits on the . 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 today, "We are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to learn of the FEC's disposition of this matter. As the presidential campaign season progresses, a fine of this magnitude should serve as a warning to all political donors that violating federal campaign finance laws has serious consequences." CREW (June 2005) FEC Complaint: http://www.citizensforethics.org/files/Complaint%20and%20Exhibits.pdf CREW (June 2005) Release: http://www.citizensforethics.org/node/19099 FEC Release: http://www.fec.gov/press/press2007/20071031mzm.shtml Citizens for Responsibility and Ethics in Washington (CREW) is a non-profit legal watchdog group dedicated to holding public officials accountable for their actions. For more information, please visit www.citizensforethics.org or contact Naomi Seligman Steiner at 202.408.5565/nseligman@citizensforethics.org. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion