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Yesterday, Marketplace explained the budding VECO scandal:
Bill Allen was a big bundler. As the founder and former CEO of an Alaskan oil services company, he encouraged his employees to donate generously to political campaigns. And they did, giving more than a million dollars since the late 80's, according to federal campaign finance reports.
But today, Allen and his former company, called VECO, are at the center of a tangle of corruption scandals. In May, Allen and one of his executives pleaded guilty to bribing Alaskan state legislators. And that wasn't all.
Melanie Sloan: Executives there have pleaded guilty to crimes including making conduit contributions to politicians -- basically giving employees money to make contributions to politicians.
Today, Marketplace expanded on just where this money has been flowing, and it's not a pretty picture for John E. Sununu and the increasingly shady history of his 2002 senate run:
Working in concert, Ted Stevens, Bill Allen and VECO executives used half a dozen political committees to raise about $25,000 for Coleman's 2002 campaign, and $50,000 for Sununu's. Both Coleman and Sununu are running for reelection this year.
Sununu announced last week he'd donate $2,000 received from convicted VECO employees to charity.
I think Melanie Sloan, the executive director of Citizens for Responsibility and Ethics in Washington, put it best when she said, in the first-linked piece, "VECO's a big donor, they spread money around. If I were any member of Congress receiving VECO contributions, I'd be very nervous that the feds would be looking at me."
To top it off, Marketplace has a very handy breakdown of where the more than $50K of possibly tainted money came from. The punchline comes at the end:
July 3 $1,000 -- Robert Penney, Kenai River Sportfishing Association
...In 2004, Sen. Sununu attended the Kenai River Classic on a fishing trip organized by Sen. Stevens and Robert Penney. Bill Allen, Carl Marrs and Jim Jansen also attended.
Will tossing two grand of over 50,000 in possibly tainted money to charity keep this story from getting legs? Somehow I doubt it.