To: American Spirit who wrote (68968 ) 10/27/2005 5:03:57 PM From: lorne Read Replies (1) | Respond to of 81568 as. You said..."Democrats have no campaign finance scandals."...... Democratic Finance Scandals By Reed Irvine and Cliff Kincaid | October 14, 2002aim.org On September 20th, the Federal Elections Commission announced that it had imposed a record fine totaling $719,000 against several parties involved in the 1996 Democratic Party fundraising scandals. The scandals involved illegal foreign donations from China, Saudi Arabia and other countries. It is illegal for foreign individuals and organizations to contribute money to federal elections. But that didn't stop the Democrats or even slow them down. The New York Times headline said "Democrats Are Fined $243,000 for Fund-Raising Violations." That is technically true. It includes the DNC, the Clinton-Gore campaign and the fine imposed on the Buddhist temple where Al Gore went to raise money. When originally caught for their illegal activities, after the '96 election, the Democrats claimed to be giving back what they said was the full three million dollars they had "mistakenly" taken from foreign donors. The Washington Post had an excellent story on this, covering much detail left out of the New York Times' article. For example, the Post pointed out that the total of the fines would have been "significantly higher except that some of the corporations have folded and others were dummy operations, with no assets, set up as conduits for money from China, Venezuela, Canada and other countries...In some cases, foreigners who would have been subject to fines could not be located and served with papers. In other cases, the individuals pleaded guilty in criminal cases and are bankrupt." The FEC documents describe how John Huang, a DNC finance vice chairman in 1996, "set a goal of raising seven million dollars from the Asian-American community." This included the Buddhist temple episode and the birthday dinner for then-President Clinton at the Waldorf Astoria in New York. Huang has already pleaded guilty to conspiracy to defraud the FEC and fined $10,000. Now, according to the documents, he has agreed to pay an additional $95,000 fine. The finance chairman of the DNC at the time was Terry McAuliffe, who today chairs the DNC. In an article in National Review magazine, Byron York has done an excellent piece of investigative journalism showing how McAullife made between nine and eighteen million dollars from a hundred thousand dollar investment in Global Crossing. He detailed the insider nature of the deal, the political access it bought its CEO, Gary Winnick, and how investors were left holding the bag to the tune of more than fifty billion dollars when Global Crossing declared bankruptcy. Besides the point of hypocrisy, as McAullife tries to make corporate corruption a major issue in this year's election, York reveals previously unreported aspects of McAullife's relationship with Global Crossing. Global Crossing invested forty million dollars in a company called Telergy. McAullife was on Telergy's board. He was paid more than a million as compensation. Telergy declared bankruptcy just months after McAullife resigned in 2001.