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Sun Apr 29, 2012, 11:44 PM

Fresh Debt Scandal Rocks Minnesota Republican Party [View all]

Source: Star Tribune / Raw Story

Fresh debt scandal rocks Minnesota Republican Party

By Muriel Kane
Sunday, April 29, 2012 22:06 EDT

The financial troubles of the Republican Park of Minnesota first came to light a week ago, when it was reported that the party had been served with an eviction notice after failing to pay $111,000 in rent at its St. Paul headquarters over the past year.

Now it seems as though the debt problem may go even deeper than initially realized, with state regulators and a watchdog group investigating whether a fake company was created to keep additional debt stemming from the 2010 gubernatorial recount off the party’s books.

The potential scandal came to light this winter, when a man named George Fraley received a certified letter from a Republican attorney, addressing him as the CEO of a company called Count them All Property Inc. and billing him for over $219,000 in legal fees.

According to the Star Tribune, Fraley had no connections to the Republican Party, had never heard of the company, and had no idea how he had come to be listed as its CEO.

Regulators have since determined that “in the last two years, Count Them All Properly has listed two CEOs, both of whom say they have never heard of the company. Count Them All Properly has no corporate office, no phone number and no website. It does, however, have roughly $500,000 in debt, mostly to recount lawyers.”


Read more: http://www.rawstory.com/rs/2012/04/29/fresh-debt-scandal-rocks-minnesota-republican-party

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