Tag: FBI

Awendaw’s Missing Money Partie Deux

According to a source with significant knowledge of the town’s finances who spoke on conditions of anonymity, Nichols had done audits of four prior years, all at the same time, after the S.C. Municipal Association had gotten the town’s financial records in order. The town, reportedly, had not had audits performed on an annual basis since the 2002-03 time frame.

Mr. Nichols reported nine significant deficiencies with town records. The lack of documentation and the lack of internal controls led Nichols to issue an adverse opinion on the audit.

According to the source, 41 percent of the town’s transactions were not approved with 30 percent of the funds spent not approved, a sum of over $200,000, according to our source.

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New Developments in Coastal Kickback?

A lot of buzz is going around the Grand Strand business community that new developments in the Coastal Kickback scandal will be made public shortly.

Coastal Kickback spread $239,500, in campaign donations of questionable legality, to state legislators and Myrtle Beach city council incumbents after passage of a local tourism tax that brings approximately $18 million to the coffers of the Myrtle Beach Area Chamber of Commerce annually. It has been the subject of an over two year investigation by the FBI and IRS.

The talk includes references to an imminent public statement by the U.S. Attorney’s office, possibly as early as today or the beginning of next week.

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SLED, the FBI and Statutes of Limitations

SLED, the FBI and Statutes of Limitations

“Whenever we hear SLED and FBI used in the same sentence, we can’t help but think of the Southern Holdings case.”

The best aspect of blogging is the opportunity to encourage an ongoing dialogue about issues, especially as they apply to the political arena.

Our recent post on internet sweepstakes cafes drew an interesting response that we believe deserves an answer.

The comment read: “This is the most obsurd (sic) thing I have ever read. SLED and the FBI will certainly solve this problem for you Mr. Sewell and Mr. Gable. They have done the research and they know who is involved and this is a very poor attempt at making this political. This Internet Sweepstakes Case has nothing to do with a political campaign. I would be careful at how I approach this or you will drag yourself into a place that you cannot get out of.”

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