'Illegal' McGavick funds alleged (Repug Senate candidate in WA)

[TechBear_Seattle]

'Illegal' McGavick funds alleged
Democrats' complaint says Safeco gave him 'golden parachute'

By NEIL MODIE, P-I REPORTER

After Mike McGavick became a U.S. Senate candidate but while still chief executive of Safeco, the company agreed to give him a lucrative "golden parachute" that amounted to an illegal corporate campaign contribution, the state Democratic Party contends.

"The corporation's 'sweetening of the deal' for Mr. McGavick after he became a candidate was a blatant violation of federal law," state Democratic Party Chairman Dwight Pelz charged in a complaint being filed with the Federal Election Commission today.

The former insurance executive, a Republican, is challenging first-term Democratic Sen. Maria Cantwell in the state's highest-profile race this fall.

The full article can be read at http://seattlepi.nwsource.com/local/268034_mcgavick26.html