Monday, August 06, 2007
Indiana Dems Suing National City Bank For Employee Theft
The Indiana Democratic Party is suing National City Bank for nearly $73,000 in unauthorized expenditures a former controller charged to the state party on a credit card issued by the bank without the party's permission. According to the Star's Jon Murray, Kim Bostic opened up the credit card account with the bank on a party letterhead containing the stamped signature of the wrong party official. The lawsuit charges NCB with negligence and violation of the Truth in Lending Act. All told, the party is seeking at least $150,000 in damages for the charges, the cost of an audit and attorneys' fees. Bostic is currently facing felony theft charges for her role in the unauthorized credit card charges.