Fraud Friday: Campaign money for personal expenses


Former Illinois senator Sam McCann was indicted on charges of fraud, money laundering, and tax evasion for misuse of over $200,000 of campaign money for personal expenses. After a failed run for Governor, he employed a scheme that caused the Conservative Party of Illinois to issue approximately $187,000 in payments to himself personally and an additional $52,282 in payments for payroll taxes by using a payroll service to conceal himself as the payee. He also spent campaign funds on an RV, a Ford F-250 truck, credit card charges related to a family vacation in Colorado, charges from Apple iTunes, Amazon, a skeet and trap club, Best Buy, a gun store, and cash withdrawals. He’s facing 20 years in prison. (https://wrex.com/2021/02/03/former-illinois-senator-indicted-for-alleged-misuse-of-campaign-funds-tax-evasion-money-laundering/)

CPAs, get four hours of fraud CPE with our 2020 Fundamentals of Fraud Prevention and Detection On-Demand WebinarClick here for more information.