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: ALLEN, EDWARD HOMELESS CHATTANOOGA, 37410 52 Chattanooga PUBLIC INTOXICATION BEENE, JENNIFER LENA 4717 ELDRIDGE ROAD HIXSON, 37343 30 Chattanooga DRIVING UNDER THE INFLUENCE DRIVING ON ROADWAYS LANED FOR TRAFFIC, VIOLATION LIGHT LAW VIOLATION RESISTING ARREST OR OBSTRUCTION OF LEGAL ... (click for more)

Corker Gives Statement On White House Veto Threat Against Iran Nuclear Agreement Review Act Of 2015

Senator Bob Corker made the following statement regarding the White House’s  threat  of a presidential veto against his bipartisan bill requiring congressional review of any comprehensive nuclear agreement with Iran. "It is disappointing that the president feels he is the only one who speaks for the citizens of our country," said Senator Corker. "Congress put these ... (click for more)

Net Neutrality: The Beginning Of The End Or Just A New Beginning?

“The Internet is simply too important to be left without rules and without a referee on the field,” says Tom Wheeler, chairman of the Federal Communications Commission, “Today’s order is more powerful and more expansive than any previously suggested.”  The FCC’s vote for so-called Net Neutrality purports to allow the agency to regulate the Internet as a public utility.  ... (click for more)

Roy Exum: My Garden On March 1

As I try to do at the beginning of each month, I stroll through my garden to see the good and the bad. This morning there is still a solid covering of snow but, as usual, there is still a lot to see. March is historically known for “coming in like a lion and leaving like a lamb” so let’s see who gets what: A LAMB to the fact 90-year-old Floyd Hartwig of Easton, Calif., and his ... (click for more)

Regoin 3-AA Boys Final At Chattanooga State Monday

The fifth meeting between the Brainerd Panthers and the Central Purple Pounders will be held at Chattanooga State on Monday night with the tipoff set for 7 p.m. This upcoming game will be the biggest to date as it's for the Region 3-AA boys championship. Monday's winner will be at home on Tuesday for a sectional game while the loser will be on the road Tuesday night.  Brainerd ... (click for more)

Brainerd, Central Boys Advance To Region 3-AA Hoop Finals

LOUDON, Tenn. -- Brainerd won both regular-season matchups while Central won at the Best of Preps third-place consolation game before capturing the District 6-AA title last week at Red Bank. The season tally is now two wins each against each other and now they are ready for Round 5 following the Region 3-AA semifinals here at Loudon High School Saturday afternoon. Brainerd ... (click for more)