In 2003, Fulton County Sheriff Jackie Barrett accepted three $10,000 campaign contributions – far exceeding the legal limit — from donors in Florida. Each had received loans from a $2 million investment of public funds by Barrett. A broker who steered the investment, and the chief deputy who took $10,000 from him, both went to federal prison. But Barrett still awaits the outcome of a 6-year-old ethics investigation. In 2008, dozens of disputed ethics cases like Barrett’s were backed up. Today, officials say, the backlog is almost cleared up.
The Wall Street Journal tracked down homeowners whose home mortgages were part of the CDO (collateralized debt obligation) that forms the basis of the SEC’s lawsuit against Goldman Sachs.
Former Georgia House Speaker Terry Coleman used $3,758 in left-over campaign funds to pay a property tax bill in Henry County. Coleman’s latest campaign disclosure, filed Friday evening, shows he made the payment May 14. State law forbids using campaign money for personal benefit. Taxes are generally regarded as a personal expense.