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Indicted NC financier raises questions about pay-to-play politics

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From the Raleigh News and Observer:

Peter Reichard has spent more than a decade raising money for North Carolina Democrats, filling the campaign war chests of three of the biggest names in state politics: Mike Easley, Erskine Bowles and Bev Perdue.

He operated largely behind the scenes until two weeks ago, when a Wake County grand jury indicted him for obstruction of justice. The indictment alleges that Reichard paid a Perdue aide $32,000 through his own company in a scheme to keep some campaign expenses hidden.

Two other Perdue associates face criminal charges as part of a monthslong investigation into the governor's 2008 campaign finances. Juleigh Sitton, the aide paid by Reichard and former director of the governor's western office, and Trawick "Buzzy" Stubbs, a major Perdue financier, were charged with obstruction of justice and causing the filing of false reports.

But more than the others named, Reichard's indictment raises questions about pay-to-play politics and shakes a fragile Democratic establishment still recovering from Easley's felony conviction last year and the legal saga involving former U.S. Sen. John Edwards.
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