Wednesday, April 4, 2012

BC Partriot Party gave away $596,552.66 - who got this money?

The financial reports are in for the BC Patriot Party for 2011.   The BC Patriot party gave away $596,552.66 in 2011 and it lost $1.063,121.70 on investments.

So who got this $596,552.66 in 2011?   Can a political party just give away more than half a million dollars and not have to account what was done with it?

At the end of 2010 the party investments were worth $1,471,675.01.  At the end of 2011 the party investments were worth  $15,834.50.    I look at that number and I can not fathom what is going on.

The party now has deficit of 1,224,062.70 compared to a surplus of  $469,267.60 at the end of 2010.

The party still owes Andrew Hokhold (individual) Andrew N. Hokhold Inc (corporation) a total of $1,247,522, down slightly from $1,289,462 at the end of 2010.  

There is something not right about all of this, someone has found some way to use a political party for some other benefit.

I wrote about this last week and in December.


Ian said...

Have you sent this story to any journalists? It could be a good scoop to push for some finance reforms.

Peter Ritchie said...

Worthy of further investigation, I agree.

Anonymous said...

Ian you must not be from BC. "Journalist" ha.