More than a quarter-million dollars were embezzled from the Democratic Governors Association, an unlimited-money vehicle for the party, and a 22-year-old Kentucky man has been charged with theft, the Jessmine Journal in that state reported.
Michael Parker, who worked at a check processing company that handled contributions for the committee, is accused of stealing $274,000 over a two-year period. The DGA alerted local police Feb. 23 when they began to have concerns, the paper reported.
Police said he deposited more than a quarter-million dollars in his bank account and could face five to 10 years in prison.
The FBI and federal prosecutors are unlikely to take the case, the paper reported, citing local police.
The Democratic Governors Association is a “527 group,” a sort of super PAC that existed before new campaign finance deregulation made the type of loosely governed group common. It spent $42 million in the 2012 election cycle.
According to Internal Revenue Service filings, the DGA has paid Patton Technologies in Lexington, Ky., a Democratic campaign finance firm acquired by NGP Software Inc., one of the largest names in the political money processing world.
The incident is at least the third case of large amounts of money being misappropriated from high-profile Democratic campaigns in the last year.
Kinde Durkee, a well-known Democratic campaign treasurer in California, was sentenced to eight years in prison in November after admitting to stealing more than $7 million in campaign donations intended for Sen. Dianne Feinstein and others.
Former Rep. Jesse Jackson Jr. pleaded guilty last month to using $750,000 in campaign funds for personal gain, including a $43,350 gold-plated men’s Rolex watch, a $5,000 football signed by American presidents and two hats that once belonged to singer Michael Jackson.