It cost $35,000 for special directors chairs, $50,000 to build the stage, $90,000 for invitations, and $50,000 for gift bags.
Hmmmm.......those are outsized figures. Maybe Rosen was dipping into the party income for himself.....inflating costs, maybe writing checks to sham businesses that were hidden accounts in his name. Could be why Rosen's taking the fall for the FEC violations. Maybe Rosen's scam was deeper than was originally thought----not just an FEC scam at all. Maybe some of the gala's costs went into private accounts, or Rosen's pockets.
They under-reported how much they spent so they could have more money for campaigning. Now if they spent the money for the fund-raiser where did the extra money come from for campaigning. Was it a way to launder illegal funds? And if so where they came from may be interesting.
The IRS, FEC and SEC should determine whether corporate contributors---or individuals posing as corporate contributors---misused corporate reserve accounts, concealed losses, inflated asset values and improperly accounted for transactions, as well as deferring profits into reserve accounts, improperly shifting capital funding to other projects to hide illegal contributions, and so on.
The IRS, FEC and SEC should determine whether there was proper accounting for the activities, whether they were inflating costs, and using income for the purposes stated.
We need to know the extent to which they engaged in Enron-style accounting and spending practices........and whether Global Crossing stock deals ala Terry McAuliffe took place. Any of these practices could jeopardize the financial interests of stockholders and would compel the SEC to step in. Anyone with concerns about these issues should contact the SEC here: enforcement@SEC.gov
NOTE WELL: Everybody in this case, with the exception of the Clintons themselves, is either under indictment or has already been convicted of some damned thing. Peter Paul, Aaron Tonken, Jim Levin, Ray Reggie, and now David Rosen. All convicted felons, or indicted on multiple felony charges. Yet, the Clintons survive unscathed.