RNC Chairman Michael Steele accused of hiding $7.1 million in debt
The Republican National Committee Chairman Michael Steele has been accused by the RNC Treasurer of attempting to hide $7.1 million of debt.
The Washington Times reports that RNC Treasurer Randy Pullen sent a memo to the budget committee members Tuesday accusing Steele and his chief of staff, Michael Leavitt, of "trying to conceal" the debt by "ordering staff not to communicate with the treasurer -- a charge RNC officials deny."
If the allegations are true, it could expose the Republican Party to millions of dollars in fines and even criminal prosecution.
"This is significant because the civil penalties could mean big fines that take a significant bite out of the RNC's finances close to the November congressional elections, when state parties need the RNC's financial help for their 'victory' programs," said former FEC Commissioner Hans A. von Spakovsky.
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