Wednesday, May 22, 2013

They Say Every Person Has Their Price...

I know I shouldn't be shocked at how low some people's prices are, but I continue to be...

Arkansas treasurer accused of taking cash from broker
LITTLE ROCK, Ark. – An affidavit filed Monday in federal court alleges that Arkansas Treasurer Martha Shoffner repeatedly took cash payments, sometimes rolled up and hidden inside a pie box, from a broker who invested state money.

The affidavit claims that Shoffner accepted multiple payments of $6,000 cash. The affidavit from FBI Special Agent Richard McLain said the broker has been granted immunity in exchange for his or her cooperation. According to the affidavit, Shoffner accepted at least $36,000.
$36,000 in total. A career - a reputation - forever tarnished for the price of a new car. She was barred from running for treasurer again because of term limits, so she won't have to face the voters again - not that she could get elected dogcatcher after this. For $36K. I suspect that's not even a year's pay for the state treasurer - and the bribes were spaced out over 3 years, some $12K/year, allegedly to help her pay her rent. Now, the LA Treasurer position makes about $55K a year - at least in 2010, the last time figures were disclosed. Given that she had a state car and driver, it's hard to swallow that she was having trouble making ends meet on $4500/month.

What's worse is that it sure looks like she was selling existing bonds early - literally robbing the state of money - so that she could arrange for more state transfers through the broker who was giving her money under the table. In order to line her own nest, she deliberately sold out the state that elected her and the people whose trust she did not deserve. She's looking at a possible 20+ years in jail over this. I hope, for the sake of the people in Arkansas, that she gets the full sentence possible. Maybe it'll send a message to the next treasurer not to sell out the people's trust for a few measly bucks.

And again, while I'm dreaming, I'd like to see .22LR back on the shelves...

That is all.

Another dispatch from...
(image courtesy of Robb Allen)

3 comments:

Dave H said...

not that she could get elected dogcatcher after this

I'm not so sure. Marion Barry was re-elected mayor of Washington DC after doing time on a drug conviction. Although in DC I suppose that makes him "a man of the people."



DaddyBear said...

When we were studying people who became spies for Russia or China, it always amazed me how little cash it took for them to betray all of us. I guess when you put so little stock in the honor or dedication of others, the price of your own becomes cheap.

Anonymous said...

and the guys involved in a sex scandal get re elected too.America's favorite sheriff can't own a gun.America's fav president did drugs for guns with Iran....