You'd think they'd know better by now but no....

Excerpts from an article on Fox News Network

Billary's Ex-Finance Director Indicted

Saturday, January 08, 2005

WASHINGTON — Sen. Hillary Rodham Clinton's former finance director has been indicted on charges of filing fictitious reports that misstated contributions for a Hollywood fund-raising gala for the senator, the Justice Department said Friday.

The indictment, rare for a political campaign, was unsealed in Los Angeles charging David Rosen (search) with four counts of filing false reports with the Federal Election Commission (search). The charges focus on an Aug. 12, 2000, dinner and concert supported by more than $1.1 million in "in-kind contributions" — goods and services provided for free or below cost. The event was estimated to cost more than $1.2 million.

The FBI previously said in court papers that it had evidence the former first lady's campaign deliberately understated its fund-raising costs so it would have more money to spend on her campaign.

Each of the four counts of making a false statement carries a maximum penalty of up to five years in prison and up to $250,000 in fines upon conviction.

The businessman who hosted the event, Peter Paul, has told federal authorities that it cost more than $1 million and that he had been surprised when he saw that most of the contributions were not reported.

The money from the fund-raiser went to Mrs. Clinton's successful campaign for a Senate seat from New York, the Democrats' national Senate campaign organization and a state Democratic Party committee.

The joint fund raising made the rules more complicated because the gala raised both "hard money" — funds given to candidates subject to federal limits — and "soft money" that was unregulated and unlimited under the former campaign finance law.

Underreporting the cost of the event allowed the committee to spend less of the coveted hard money, contributions that unlike soft money could be used to cover Clinton's campaigning costs.

During former President Clinton's administration, a Justice Department campaign finance task force charged more than two dozen individuals and two corporations with fund-raising abuses from the 1996 election cycle. Many of the charges involved Democratic fund raising.

In addition to his Clinton effort, Rosen has raised money for several other high-profile Democratic candidates, including former presidential hopeful Wesley Clark. Most recently, he was named to the fund-raising team of Donnie Fowler, a candidate for the Democratic National Committee chairmanship.

Friend of mine thinks Rosen had better be very careful crossing streets in the near future.