August 16, 2012

IMMEDIATE PRESS RELEASE

 

FROM:

MINNESOTA REPUBLICANS

FOR FINANCIAL ACCOUNTABILITY AND JUSTICE, LLC

 On July 23, 2012, Minnesota Republicans for Financial Accountability and Justice, LLC made a legitimate, legal and generous offer to conduct a forensic audit of the Republican Party of Minnesota’s (RPM) financial books at no expense to the RPM. The sole objective of the Minnesota Republicans for Financial Accountability and Justice, LLC was to restore fiscal honesty and transparency to the RPM and hold those who had fiduciary responsibility for party finances accountable. Unfortunately the RPM has refused to discuss our offer or provide their financials for an audit.

Effective immediately, Minnesota Republicans for Financial Accountability and Justice, LLC has withdrawn its offer to audit the RPM financial books.

We regret the action of the Republican Party of Minnesota. We have been told by confidential sources in the RPM that a small number of major donors were afraid that a forensic audit would possibly uncover additional misappropriations of party funds and thus cause additional embarrassment to the party image prior to the November 2012 elections. One must conclude that the RPM believes it has more scandals to hide from the public. We fear their actions will result in the voters of Minnesota holding all Republican candidates accountable in November.

All donations to Minnesota Republicans for Financial Accountability and Justice, LLC will be returned to the appropriate donors. As a result of the overwhelming volume of donations by Minnesota voters we anticipate it will take three to four weeks to return those funds. We thank the voters of Minnesota for their kind support.