On Thursday, April 12, 2018, it was announced that a federal jury had convicted former United States Representative Stephen E. Stockman for orchestrating a scheme to steal hundreds of thousands of dollars from charitable foundations and the individuals running those foundations to illegally finance his campaigns for public office and to pay personal expenses. 61-year-old Stephen E. Stockman of Clear Lake, Texas was convicted of the following.
- Seven counts of mail and wire fraud
- One count of conspiracy to make conduit campaign contributions and false statements to the FEC
- One count of making coordinated excessive campaign contributions
- Two counts of making false statements to the FEC
- Eleven counts of money laundering
- One count of filing a false tax return
38-year-old Thomas Dodd and 46-year-old Jason Posey previously pleaded guilty to their involvement in the scheme. Evidence presented at trial showed that from May of 2010 to October of 2014, Stockman solicited and obtained roughly $1.25 million in donations based on false pretenses. In 2010, the defendant diverted a portion of $285,000 in charitable donations to pay for his and Dodd’s own personal expenses and to further the defendant’s own interests.
In 2011 and 2012, the defendant and Dodd received an additional $165,000 in charitable donations. Much of the money was used to finance Stockman’s 2012 congressional campaign. Stockman was taken into custody following the verdict. He is scheduled to be sentenced on August 17, 2018. Further details have been made available here.