Veco hid construction expenses

[maddezmom]

Last Modified: September 27th, 2008 06:41 AM

WASHINGTON -- Even as Veco Corp. was paying the bills for renovations on Sen. Ted Stevens' home in Girdwood, the oil services company was concealing its activities in its own internal records, the corporate bookkeeper testified Friday.


When accounts manager Cheryl Boomershine saw a $2,000 claim for building materials from Rocky Williams, Bill Allen's all-around problem solver in Veco Corp. headquarters and the foreman on the Stevens home project, she had questions. She asked another Veco employee to get more information from Williams so she could adequately document his reimbursement check. Boomershine wrote the four Ws on the left side of the note: who, when, where and why. She got back the replies on the right side.


Veco accounts manager Cheryl Boomershine testified that when she asked a co-worker to obtain the "who, when, where and why" for a $2,000 expense claim for materials from construction foreman Rocky Williams, she got back a note with orders that there should be no written records.

"No who, per Bill," said the note, referring to Veco chairman Bill Allen. The "when" was August 2000 and the "where" was Girdwood, but there would be no "why," wrote the co-worker.

"No paper trail per Bill Allen per Rocky," she said.

Anyone examining the Veco books might have thought that the company was spending tens of thousands of dollars on business consultants, not Stevens. Testifying on the second day of Stevens' trial for failing to disclose more than $250,000 in gifts from Veco, Boomershine said she created an account for the project called "Girdwood Consultants."

more:http://www.adn.com/ted-stevens/story/538884.html

[Arctic Dave]

1. This is starting to turn into a favorite book.

The kind that you can't wait to read the next page.