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Home > Blogs > Ohio politics > Archives > 2009 > May > 28
Thursday, May 28, 2009
Bond trader must pay record fine
The Ohio Elections Commission on Thursday May 28 imposed a record $125,000 in fines against bond trader Montford Will, his wife and two step-children for illegally funneling $121,000 in campaign contributions to Republicans and Democrats across the state but did not refer the case for prosecution.
The fines are more than twice the amount recommended by Franklin County Prosecutor Ron O’Brien and Will’s attorney, Ritchey Hollenbaugh.
Hollenbaugh said the $125,000 in fines were not reasonable, given the circumstances, but that the financial penalty was still preferable over criminal prosecution.
O’Brien told the Elections Commission that campaign committees that do not properly dispose of the illegal contributions, for example by giving them to charity, he would consider seeking forefeiture actions against them.
Ohio Attorney General Richard Cordray and Franklin County Treasurer Ed Leonard returned $10,000 and $3,000, respectively, to Will’s step-daughter Lindsey Kuty after the Dayton Daily News reported in October that Kuty contribution may have been improper.
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Iraq War vet announces run for state treasurer
Republican Josh Mandel, a state representative from Lyndhurst, announced his candidacy for state treasurer Thursday, May 28, in a six-minute online video posted to his web site.
Mandel, 31, said in the video, “I’m running for treasurer because we need a treasurer who is going to protect the people’s dollars now and also for future generations.”
His senior year at Ohio State University, Mandel decided to join the Marine Corps Reserve. He served as an intelligence specialist and did two deployments in Iraq, most recently in 2007.
After serving on the Lyndhurst City Council, Mandel was elected to the Ohio House in 2006 where he was quickly marked as a rising GOP star and a prolific fund-raiser.
Mandel will square off for state treasurer against Democrat Kevin Boyce, a former Columbus City Councilman who was appointed treasurer earlier this year by Gov. Ted Strickland when Richard Cordray left the treasurer’s office to become attorney general.
