NRCC must give back tainted Wyly funds

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NRCC must give back tainted Wyly funds
Canseco should demand that Pete Sessions come
clean on corrupt Wyly connection

Public documents reveal that the National Republican Congressional Committee (NRCC), headed by Pete Sessions, has taken at least $124,000 from recently charged insider traders Sam and Charles Wyly. The Wyly brothers, “hid $550 million in trading profits by using an ‘elaborate sham system’ of offshore entities,” according to the Securities and Exchange Commission. (Source: Wall Street Journal, July 30, 2010)

Meanwhile, the NRCC has instructed Republican candidates to attack their opponents regarding Charlie Rangel’s ethics controversy.

The NRCC must return the tainted donations received from the corrupt Wyly brothers or be exposed as hypocrites. Congressional candidates like Quico Canseco who have cynically used Rangel to attack their opponents, should immediately demand that Pete Sessions disclose all connections to the Wyly brothers and return the contributions to the NRCC. If Sessions refuses, then Canseco should reject any support from the NRCC.

NRCC Takes Big Donations from Charged Wyly Brothers

Donations from
Sam and Charles Wyly

Donations to the NRCC	$124,000
Donations to Pete Sessions	$29,000

Source: Center for Responsive Politics

The Wyly brothers have been large supporters of the NRCC, Pete Sessions, and Republican Causes throughout Texas. Sam and Charles Wyly have given $124,000 to the NRCC and at least $29,000 to Sessions. Pete Sessions is the second largest recipient of the Wyly’s donations after Republican Kay Bailey Hutchison.

NRCC and Canseco are Cynical Hypocrites
The NRCC recently issued 40 letters to Democrats insisting they return Rangel’s donations. (Source: NY Times, July 27, 2010) Congressional candidate Quico Canseco echoed the NRCC call to use Rangel as an issue in his campaign. On Monday, the same day as the NRCC release, Canseco issued his own Rangel attacks. In fact, Canseco sent out an email today using Rangel as a hook to raise funds. Now Canseco must call on the NRCC to return the money and the NRCC should comply or both will look like hypocrites.

Pete Sessions has hosted a fundraiser for Canseco and donated $5,000 to his campaign. The NRCC is likely to spend resources in the district. (Source: FEC)

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