Republican Caucus Returning Contribution From 1Point

Wednesday, October 11, 2006

The Tennessee Republican Caucus said it is returning a campaign contribution from the 1Point firm that is currently in bankruptcy.

The Hamilton County Schools are among apparent victims of the firm and are on the hook for $100,000.

The group said in a statement:

"The Tennessee Republican Caucus recently found that we received a political contribution of $1,000 on January 8, 2003, from a Political Action Committee named 1Point PAC which made various federal, state, and local political contributions. The Tennessee Republican Caucus is a Joint Caucus comprised of both the Senate Republican Caucus and the House Republican Caucus.

"A review of available political contribution disclosures shows that virtually all contributions to 1Point PAC were made by Barry Stokes, treasurer of 1Point PAC and owner of 1Point Solutions, or by one of the business entity predecessors of 1Point Solutions which Stokes controlled since 2001. These contributions from 1Point PAC are among more than $158,441 in contributions associated with Barry Stokes from 2001, when he first acquired 1Point, until the most recent disclosure reporting period.

"Recent news coverage and at least four ongoing legal proceedings allege that there may be missing retirement funds which may have been diverted from 401(k) plans held in trust by 1Point Solutions.

"Because of the very real possibility that the Tennessee Republican Caucus may have received money stolen from these pension funds, Republican Leadership has placed that political contribution money in escrow to be returned to its rightful owners subject to the determination of Federal Court.

"Our Caucuses want no part in receiving stolen pension funds - or any other stolen money or goods for that matter.

"A Trustee, either in Bankruptcy Court or in one of the Courts hearing the ongoing civil and possibly criminal cases, has been or will be appointed to determine what happened to any missing funds and to whom any funds that can be recovered should be returned. We wish to do our part in assisting them in recovering any such funds.

"Our Caucus has a demonstrated history of doing the right thing, such as asking and encouraging members to resign when they are indicted for corruption and returning money later determined to have come from a truly questionable source. We plan to continue this tradition.

"We urge everyone who has received contributions from Stokes and/or 1Point PAC to do the right thing and place any funds in escrow so that those funds also are available to be returned to the rightful owners pending action in Federal Court."


Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ANGLAND, JOSHUA JAMES  1843 BAY HILL DRIVE HIXSON, 37343  Age at Arrest: 31 years old Arresting Agency: Hamilton County DRIVING ON REVOKED, SUSPENDED OR CANCELLED LICENSE FINANCIAL RESPONSIBILITY VIOLATION OF REGISTRATION LAW --- ANTHONY, MICHEAL R  7619 COVE RIDGE DR HIXSON, 37343  ... (click for more)

Hardeman County Man Charged In Savannah Homicide

A joint investigation by   special agents with the Tennessee Bureau of Investigation and officers from several other west Tennessee law enforcement agencies has resulted in the arrest of a Pocahontas man on a charge of first-degree murder. At the request of the office of 24 th  District Attorney General Matt Stowe, TBI special agents joined officers with the Savannah ... (click for more)

Signal Mountain Couldn't Manage Public Education

I have been reading the buzz about Signal Mountain and other small municipalities considering a move to form their own school district within their municipal boundaries.  It is quite the comedy hour considering the notion that small cities that for decades could not even manage small sewer systems or 911 districts, are somehow going to do a better job with public education ... (click for more)

Roy Exum: School Board Can’t Wait

It took the Hamilton County School board nine months before the group hired a search firm to find a new superintendent. But you mark my words – the Department of Education will undoubtedly implode if our leaders wait another nine months simply hoping for some type of mystical salvation. In the last week Signal Mountain leaders have all but given notice they will form their own district ... (click for more)

It's Tennessee Vs. Nebraska In The Music City Bowl

 Tennessee has accepted an invitation to play the Nebraska in the Music City Bowl on    Dec. 30   at Nissan Stadium in Nashville, Tenn. Tickets for the Music City Bowl will be available for purchase in the coming days via AllVols.com. "Our entire program is excited about representing the University of Tennessee at the Music City Bowl," Vols ... (click for more)

UTC Women's Hoops: Mocs Host Stetson Tonight

Coming off an 80-60 road win against UT-Martin Saturday, the UTC women's basketball team hosts Stetson tonight at McKenzie Arena at 6:30 p.m. Stetson (8-1) has won four in a row and is led by guard Biantt Saunders is six points  away from breaking the Hatters all-time scoring record currently held by Sasha Sims, who scored 1,617 points from 2010-14. In the UT-Martin ... (click for more)