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Home > Blogs > Ohio politics > Archives > 2009 > May > 28 > Entry
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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