McCord Wore an FBI Wire As Treasurer
Former PA Treasurer Rob McCord worked with federal authorities for several weeks shortly before entering a guilty plea on two counts of extortion.
Between late 2014 and early 2015, McCord wore a wire for the FBI to record major political donor Richard Ireland, among others, Angela Couloumbis, Mark Fazlollah and Craig R. McCoy of the Inquirer report.
Ireland’s Valley Forge Investment Corporation has received millions in public funds, while one of its clients made more than $5 million in fees during McCord’s time as Treasurer, according to the report.
The last four years have been a rollercoaster ride for McCord, who easily won re-election as Treasurer in 2012 before taking third in an expensive gubernatorial race in 2014. Seven months after losing the primary, McCord resigned unexpectedly and pleaded guilty to several federal charges.
Now fourteen months on, McCord has yet to be sentenced, though he faces up to 40 years in prison and $500,000 in fines.
McCord’s cooperation with the FBI looks to be part of a crackdown on pay-to-play politics in the Keystone State.
Allentown Mayor Ed Pawlowski is at the center of an FBI investigation into contracting practices, in which the Mayor’s former campaign manager Mike Fleck also wore a wire. A week after raiding Allentown City Hall, the FBI moved on to investigate Reading’s city government and former Mayor Vaughn Spencer, who also used Fleck as a consultant.
Fleck pleaded guilty last week to one count of conspiracy to commit extortion and bribery and one count of tax evasion. Pawlowski and Spencer have yet to be charged.