Feinstein estimates embezzlement loss at $4.7M

AP/WorldMag ^ | Oct 14, 9:11 PM EDT | KEVIN FREKING

[quantim]

WASHINGTON (AP) -- Sen. Dianne Feinstein's re-election campaign estimated on Friday that she is missing nearly $4.7 million because of unauthorized disbursements by her former campaign treasurer, Kinde Durkee.

The campaign filed its first report with the Federal Election Commission since Durkee's arrest last month, providing the first official glimpse of the potential financial toll on candidates who employed the longtime Democratic campaign treasurer.

Feinstein's campaign reported that it has nearly $6 million in the bank, but that's mostly due to a $5 million loan Feinstein injected into the account after the embezzlement case broke. The campaign believed it had nearly $5.2 million in an account with First California Bank going into July, but that account is now showing only $662,100.

Durkee was arrested on Sept. 2. She has not yet entered a plea and is due to appear in court Oct. 19. Her attorney, Daniel Nixon, did not return a call seeking comment.

Feinstein's campaign estimated its losses toward the end of the 184-page report. It noted $4.6 million in "unknown disbursements." It also noted a $100,000 unauthorized disbursement on Aug. 31, just a couple of days before Durkee's arrest.

[quantim]

Said campaign claims no knowledge of where the $100,000 was sourced, or where it was delivered.

[null and void]

Awwwww, pit-y...

[moovova]

Too bad...so sad.

[basil]

My heart bleeds for poor Di-Fi......

[Iron Munro]

To a democrat it’s just more OPM (other people’s money).

[Pan_Yan]

In completely unrelated news a group of online conservative activists made a $4.7 million donation to the Heritage Foundation ...

[IceAge]

She doesn’t take care of her own money any better than she watches over our tax dollars.....
These congresscritters don’t know the value of a dollar and just figure they can get more anytime they want-from us!

[the invisib1e hand]

Estimates for what purpose? Insurance? Bail-out?

[Brilliant]

Don’t worry, Diane... I’m sure it was put to good use... jobs saved and all that.

[fhayek]

Gee, Di Fi, now I guess you now know how most American taxpayers feel...

[annieokie]

Well, maybe now she will know how we feel. I really can’t feel any pity for her.

[usnadad]

Just pretend it all went to a green energy company.

[kingu]

I'm sure that Feinstein et all will go embezzle another hundred million from the US treasury to replace the losses. Maybe they'll tap that compensation committee to raise the retirement pay of senators, their spouses and ‘campaign workers’ to cover any inconvenience.

We need to end those retirements, end the benefits, end the massive office budgets, and just maybe they might become sour enough not to go award such largess to everyone else in the federal government.

[cableguymn]

She also asked in all seriousness. “Can I hit up donors that already gave their max again?”

[Grams A]

Sure makes it easier for her to do a one liner on her reports rather than having to detail where the money came from, who received money from the funds and what it was for. Why am I having trouble believing this? I am sure all the receipts are somehow missing too.

[freeangel]

Imagine, that Kinda Durkee redistributing the wealth like, well, a democrat! LOL

[Cicero]

We need a few dozen more Democrat aides like this. Good job, Kinde.

[cpa4you]

You know it’s interesting that under the campaign finance laws, an embezzlement is not noteworthy unless it’s under or unreported. As long as the committee reports the expenditure, all is ok!

Yep, these idiots are truly clueless and unaccountable! I know, I audited campaign funds for five years!

[Tainan]

Here is Kindee


I seem to recall 'large marge' here being looked at for embezzlement of funds of other socal Demo's...Loretta Sanchez I think...maybe others also.

[Tainan]

Ah..yes...More on Kindee here