Friday, October 04, 2002

More Hanky Panky Alert!
Seems to be a bumper crop today - Former Democratic official arrested in San Diego:
Former Mecklenburg County Democratic chairman Andrew Reyes, who vanished more than a year ago, was being held on federal bank fraud charges after his arrest at the Mexican border, authorities said Friday.
According to the indictment, Reyes had signature authority over a client's checking account at First Union National Bank and he used that power to funnel large sums of money into his own accounts.

"Using that authority, he illegally diverted more than $3.6 million from accounts of his client to accounts he controlled," said Conrad, the federal prosecutor for the western district of North Carolina.

"On 15 separate occasions between March 1998 and March 2000, he transferred amounts in the six-figure range," Conrad said. Each of the 15 counts carries a maximum of 30 years in prison and a $1 million fine, he said.
Reyes had been bankrupt in 1989 but less than a decade later he was a major donor to Democratic candidates, mingling with Hollywood celebrities and President Bill Clinton. In 1999, Gov. Jim Hunt named Reyes to his Advisory Council on Hispanic/Latino Affairs.
What! No Asian bagmen?