Former (Dem) Rep. Pleads Guilty to Stealing Funds

American Banker ^ | Oct. 4 | Rob Blackwell

[sirshackleton]

WASHINGTON — A former Massachusetts congressman and director of the Federal Reserve Bank of Boston has pleaded guilty to stealing more than $200,000 from the Hawthorne Hotel in Salem, the Federal Deposit Insurance Corp. Inspector General’s office announced Wednesday.

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Last month he pleaded guilty to depositing checks to the trust in his personal checking accounts for his own use, the inspector general’s office said.

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The inspector general said that Mr. Harrington, a Democrat, admitted he took $226,771 from January 1991 to December 1993 by cashing checks each week of about $1,500. As part of his guilty plea, Mr. Harrington was ordered to pay a $100,000 fine. In June 1995, as part of a compromise on the Hawthorne Hotel loan, Mr. Harrington repaid $200,000 to the FDIC.

[sirshackleton]

See link for entire article

[sirshackleton]

oops, I snipped out the name...it's Michael Harrington

[Seeking the truth]

I, Seeking the Truth, continue to look for that honest Democrat. I just know that one or two of them must exist!

[laconic]

Michael Harrington, as I recall, also served as past president of the Democratic Socialists of America (I am not kidding, this is a real organization and I remember this creep was its chief). Seems he was real interested in sharing other people's wealth -- WITH HIMSELF!