Corporate CFO Pleads Guilty to Campaign Finance Violations
Posted at 1:31 p.m. on May 22
The chief financial officer of a corporation has pleaded guilty to a conspiracy to commit campaign fraud, as well as other charges, that could bring pressure on the company’s founder, whose trial on similar charges starts on June 2.
Michael Giorgio, CFO of the SCI in Ohio, pleaded guilty on Monday to seven charges, including obstruction of justice, conspiracy to commit campaign fraud, witness tampering, and making a false statement.
In his plea deal, Giorgio accused his boss Benjamin D. Suarez of personally directing a scheme to move $100,000 to the 2012 federal re-election campaign of Rep. Jim Renacci, R-Ohio, and $100,000 to the 2012 U.S. Senate campaign of candidate Josh Mandel, R-Ohio.
The scheme involved recruiting executives and managers at the firm to write $5,000 checks in their names to campaigns, and then SCI would reimburse them with company checks disguised as profit-sharing compensation.
View earlier posting, Two Executives Indicted for Campaign Finance Violations. View Department of Justice press release on the earlier indictment.