Saturday, August 6, 2011

Rep. LaRoque's handling of funds questioned

laroque=perfect example of what privatized govt looks like. no oversight http://lutn.me/r9USPe #takebacknc then sell 2 highest bidder

@underwoodchamp laroques r 'keepin' it in the family' & 'movin on up' #takebacknc then sell 2 highest bidder

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In a post this morning, Policy Watch's Sara Ovaska writes:

. . . LaRoque, who returned in January to the N.C. General Assembly after a four-year hiatus, takes aim at government waste while quietly accepting generous six-figure paychecks for running two public charities funded with $8 million in federal dollars since 1997.

He’s earned up to $195,000 a year heading the two small economic development organizations—the East Carolina Development Company and Piedmont Development Company—and used the non-profits to loan some of the public funds to his close associates and political allies. Past board members say they were kept in the dark about his pay.

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