Thursday, June 25, 2009

Elsie Law's Daily Dose Of The Law

Federal prosecutors have brought charges of embezzlement against two New York City Council aides.

The prosecutors claim that the aides used "slush funds" to funnel approximately $200,000 to fake organizations.

Wikipedia defines a "slush fund" as: "A colloquial term which has come to mean an auxiliary monetary account or a reserve fund. However, the term has special meaning within a context of corrupt (including but not limited to) political dealings by governments, large corporations or other bodies and individuals.

Slush funds can have particular elements of illegality, illegitimacy, or secrecy in regard to the use of this money and the means by which the funds were acquired.
Political dealings with slush funds tend to create suspicions of quid pro quo (buying political favors), and can be viewed on the surface as corrupt and subversive of the democratic process."

According to The New York Times, at least one of the defendants are expected to take a plea deal soon.

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