Monday, December 26, 2011
WP: Shelton to Repay Stolen ANC Funds
The Post's Mike DeBonis reports that ANC5B Chair William Shelton has agreed to replay nearly $29,000 in public funds that he allegedly misappropriated from ANC5B's coffer. Under the deal he will make an initial payment of $5,000, and then pay $200 a month. So Shelton has ten years to pay back the the funds. The article makes no mention of any interest charges, but does say that Shelton will be liable for treble damages should he fail to make timely payments. The stolen funds were used for various things, including payments on Shelton's Lexus, and purchases at Target and Bloomingdale. The article says it's unclear whether the DC Attorney General will refer Shelton's case for prosecution. If they choose not to prosecute, Shelton basically gets (assuming no interest) a free ten year loan. That's similar to the situation with Harry Thomas. Why are we creating a perverse incentive that reward criminals for stealing?