Ex-US treasurer Nancy Marks convicted of fraud conspiration of FEC
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The fraud strategy includes submitting fake reports to the FEC, falsely exaggerating the campaign’s financial numbers, and misleading the FEC and the public.
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Ex-US treasurer Nancy Marks leaving Federal court on October 5, 2023 (AP)
The US Attorney's Office confirmed that former US House of Representatives treasurer Nancy Marks has pleaded guilty to conspiring to commit fraud and obstructing the Federal Election Commission (FEC) on Thursday.
In its statement, the Office said: “With today’s guilty plea, Marks has admitted that she conspired with a congressional candidate to lie to the FEC and, by extension, the public, about the financial state of the candidate’s campaign for New York’s Third Congressional District, falsely inflating the campaign’s reported receipts with non-existent contributions and loans."
During the 2022 elections, Marks was a treasurer for a principal congressional campaign committee in New York's Third Congressional District who worked alongside an undisclosed candidate who engaged in a "fraudulent endeavor," per the statement.
The fraud strategy included submitting fake reports to the FEC, falsely exaggerating the campaign’s financial numbers, and misleading the FEC and the public.
Read more: US Senator Menendez, his wife indicted for bribery
The statement explains that the primary goal of the fraudulent scheme was to comply with the national party committee's program standards, which mandated a minimum of $250,000 in funding from outside sources within a quarter to secure financial and logistical support. The statement also highlights that the fraudsters aimed to match the committee's program criteria.
According to the statement, Marks and the candidate not only met the requirement but made sure that the congressional campaign also provided the necessary financial assistance upon qualifying for the program.
