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LoBiondo's Former Treasurer Admits Embezzling Funds LoBiondo's Former Treasurer Admits Embezzling Funds LoBiondo's Former Treasurer Admits Embezzling Funds LoBiondo's Former Treasur...

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Politics

LoBiondo's Former Treasurer Admits Embezzling Funds

March 4, 2011

Rep. Frank LoBiondo's former treasurer pleaded guilty Friday to embezzling nearly half a million dollars from the New Jersey Republican's campaign, admitting to writing himself checks from LoBiondo's campaign funds for 15 years.

Andrew McCrosson told the U.S. District Court he had written himself checks totaling $458,000 between 1995 and 2010. McCrosson faces a maximum of 20 years in federal prison for the first charge, according to the Press of Atlantic City, and another five years for the second charge.

McCrosson did not report the checks he wrote himself as expenditures, which violates Federal Election Commission rules. McCrosson filed fraudulent reports that overstated the campaign's cash on hand position.

In a statement, LoBiondo's campaign said they had taken action to bring McCrosson's actions to light.

"Late last year, the campaign contacted the appropriate federal authorities about this matter, and since that time has actively cooperated with their investigation. As reflected in the plea agreement, Mr. McCrosson's actions were an abuse of the trust placed in him by the campaign," said William McGinley, LoBiondo's campaign attorney.

McCrosson had cooperated with Justice Department officials, according to the assistant U.S. Attorney who prosecuted the case.

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