Newspaper article St Louis Post-Dispatch (MO)

Grand Jury Seeks Wendell Bailey's Campaign Data

Newspaper article St Louis Post-Dispatch (MO)

Grand Jury Seeks Wendell Bailey's Campaign Data

Article excerpt

A federal grand jury has subpoenaed campaign-finance records of former Missouri Treasurer Wendell Bailey. Among the records are those of Bailey's successful re-election bid in 1988 and his unsuccessful run for governor in 1992.

The subpoena also seeks employee expense-reimbursement records for people who worked for Bailey from December 1988 to January 1993. The subpoena was served Tuesday, less than a week after the grand jury subpoenaed 5 1/2 years of state records dealing with Bailey's MoBucks economic development program.

All of the subpoenas apply to records in the office of Bailey's successor, State Treasurer Bob Holden. The grand jury is based in Springfield, Mo.

Bailey, a Republican, said Tuesday that he would cooperate fully with the grand jury. He said that he had done nothing wrong.

Bailey said he suspected the investigation may be tied to former Attorney General William L. Webster. Before beginning a two-year prison sentence this year, Webster had sought leniency by offering federal authorities what he said was evidence that other state officials also had broken the law.

Webster pleaded guilty of conspiracy and converting state property to his own use. Webster's lawyer, David B.B. Helfrey, could not be reached Tuesday.

Tom Larson, an assistant U.S. attorney in Kansas City, declined to comment on the grand jury investigation of Bailey. But when told of Bailey's accusation of a Webster link, Larson replied, "That's interesting."

Low-interest MoBucks loans helped businesses expand or relocate in Missouri.

Bailey's critics have contended that he steered MoBucks' loans to campaign contributors.

State Auditor Margaret Kelly, also a Republican, issued an audit last year that contended that some MoBucks' recipients were violating the state law governing the program because the firms didn't create as many jobs as they had promised. …

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