Thursday, December 18, 2008

Bunning's questionable financial arrangements

In a story posted today, the Herald-Leader exposes Jim Bunning's shady dealings:

The non-profit Jim Bunning Foundation, which collects the money the former pitcher gets from autographing baseball memorabilia, has taken in more than $504,000, Senate and tax records show.

Of that, Bunning has earned $180,000 in salary for working a reported hour a week.

...Watchdog groups this week said the foundation blurs a number of Senate ethics and Internal Revenue Service rules regarding outside income for members of Congress, legitimate uses for tax-exempt charities and whether Bunning — as a paid employee — improperly dominates the foundation's board.