WILMINGTON, Del. - (03/11/05) -- A former treasurer for U.S. SenatorJoseph Biden's reelection campaign was sentenced to three years inprison Thursday for stealing more than $412,000 from the DelawareDemocrat's campaign treasury and laundering some of it to hiscredit union account. Roger Blevins, III, 34, pleaded guilty to onecount of interstate transportation of stolen property in connectionwith last April's transfer of $80,000 of the funds to his accountat Fairwinds CU in Orlando, Fla. The former assistant campaignmanager for Biden spent the senator's money "to fund his ownpersonal fantasy," according to Assistant U.S. Attorney April Byrd.Blevins spent the money on three individuals he met through a gaypornographic web site, where visitors could watch and interact withthe performers in Florida. Blevins made 23 unauthorized transfersfrom the campaign treasury, the largest of which went to his creditunion.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
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