Word: accounts
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...first occurred on Nov. 30, 1972, when he wrote a check for $1,167 against his Gerald R. Ford Fifth District Account at the Union Bank and Trust Co. in Grand Rapids. That account, into which Ford's campaign contributions and honorariums for speeches were deposited, was supposed to be used only for campaign and political purposes. However, the money was spent for air tickets for his family and himself to fly from Washington to their Vail, Colo., vacation retreat for Christmas. Ford paid the money back into the Fifth District account by writing a check, dated Dec. 16, against...
Somewhere along the line, a friendly soul?or perhaps Ford himself?evidently held on to the check until he was able to get his personal account back into balance. Not until Jan. 11, 1973, did the check clear the Federal Reserve Bank of Richmond, which processes checks for Washington-area banks. Thus, Ford had the personal use of campaign funds for some six weeks...
...second instance: In 1972 checks totaling $871.44 were written against the Fifth District Account for clothing that was worn by Betty and Ford. He believed that the clothing constituted a legitimate political expense, since he and Betty bought their new togs to use at the 1972 G.O.P. convention, when Ford appeared on national television to introduce Nixon's Cabinet. The IRS ruled that the outlay was not a legitimate campaign expense and he was assessed?and paid?$435.77 in additional taxes...
...brighter colors and suits with wider lapels that had a more modern look." Adds Davis: "At the time, we were also representing a clothing store, so we picked out a wardrobe for him, and as a matter of course, the store billed us." Then Davis billed Ford's campaign account. Concedes a chagrined Davis: "We were babes in the woods...
...audit accepted Ford's story about his spending habits. According to the Washington Post, the audit, however, did note that in 1972 Ford paid most of his day-to-day living expenses from checks drawn on a bank account funded by honorariums from speeches, reimbursements for travel and some political contributions. The bank account was the Fifth District one, and the IRS assertion only buttressed the impression that Ford did not fully live up to the House ethics requirement of maintaining a strict separation between private and political funds. The overall impression that emerges from the audit...