Posts tagged: Jake Ball
Idaho Sen. Mike Crapo said earlier that the $250,000 investment loss his campaign suffered in 2008 - and just now disclosed - came at a time when the campaign was between treasurers, so only then-campaign manager Jake Ball authorized the expenditure, in the form of a loan to a longtime friend. But William Corbett, who was Crapo's volunteer campaign treasurer at the time, tells the AP he was never informed about the transaction. “Obviously, if I would have, it would have been reported,” Corbett said. AP reporter John Miller reports that aides for Republican U.S. Rep. Mike Simpson and Sen. Jim Risch say their campaigns have safeguards and internal controls to protect donor money from a similar fate; among other things, investments such as the ones Ball said he employed with his friend would be forbidden. Click below for Miller's full report.
The $250,000 bad loan of campaign cash from Idaho Sen. Mike Crapo's campaign went to a Las Vegas company that offered a quick profit in two months, according to documents obtained by the Associated Press. Then-Crapo campaign manager Jake Ball, who resigned last week as Idaho 1st District Rep. Raul Labrador's district director, said in a sworn affidavit that he trusted a longtime friend who “invested the money in a less than professional manner and, without knowing it, in fraudulent enterprises with persons who absconded with the funds.” Ball said as a father of four, he didn't have the means himself to repay the funds to the campaign. Click below for a full report from AP reporter John Miller. The now-defunct Las Vegas company was called Pyramid Global Resources.