Rep. Pete Beck (R-Mason) Expected to be Indicted on Multiple Counts of Securities Fraud
COLUMBUS, OHIO- Today, as reported by the Columbus Dispatch, State Representative Pete Beck, a Republican from Mason, is expected to be indicted on felonious criminal charges, including securities fraud. These charges follow a civil lawsuit, and allegations that Beck may have illegally misappropriated tens of thousands of dollars for his campaign accounts.
“Even the allegation of these types of charges against Rep. Beck harms the public’s trust in state government,” said Ohio Democratic Chairman and State Representative Chris Redfern.
Recently, legislators of both parties faced criminal charges. In the fall of 2012, Redfern joined Republicans in calling for the resignation of Democratic Rep. Clayton Luckie who faced numerous felony charges.
While Republicans – like Speaker Batchelder and former ORP Chairman Bennett – jumped to call for the resignation of previous Democratic officeholders facing indictment, they have been surprisingly quiet regarding the criminal investigations trailing Rep. Beck and news concerning a potential indictment.
“With this potential indictment, I’m certainly curious whether Governor Kasich will take the same approach other Republicans have in the past and call for Rep. Beck’s immediate resignation,” noted Redfern.
Rep. Pete Beck Faces Civil, Criminal Investigations
January 2013: Beck Was Subject To An Investigation By The Ohio House Ethics Committee; Investigation Was Prompted By A Lawsuit Alleging Beck Participated In $1.2 Million Fraud. According to The Cincinnati Enquirer ,”Sworn in to his third term Monday, state Rep. Peter Beck now faces an ethics investigation by the Ohio House because of a civil lawsuit alleging he participated in a fraud that cheated investors out of more than $1.2 million.” [The Cincinnati Enquirer, 1/8/13]
Civil Suit Alleged That Beck Participated In $1.2 Million Fraud; Beck Was Alleged To Have Helped Produce Fraudulent Accounting Statements Through His Accounting Firm. According to The Cincinnati Enquirer “This is not the first time in court for some of the key players in a lawsuit alleging that state Rep. Peter Beck and others defrauded investors out of more than $1.2 million. … B.eck, a Mason Republican now in his third term in a district that includes parts of Warren and Butler counties, also faces an ethics investigation by the Ohio House over the recent lawsuit. … In the lawsuit, Hodges alleges that Beck solicited investments and sold ownership shares for Christopher Technologies, a start-up software company where he served as chief financial officer. Among other things, Beck helped produce financial statements showing that both Christopher and TML ‘were sound and in good standing,’ when in fact the opposite was true, the suit says.” [The Cincinnati Enquirer, 1/11/13]
July 2013: Peter Beck Was Expected To Face Multiple Felony Charges Related To Securities Fraud. .According to The Columbus Dispatch “State Rep. Peter Beck is expected to face multiple felony charges today related to securities fraud. Multiple Dispatch sources confirmed that a Hamilton County grand jury is expected to hand up indictments against Beck, 60, a certified public accountant from Mason who was appointed to the House in September 2009 and won election twice since then. ” [The Columbus Dispatch, 6/18/13]
Calls For Clayton Luckie To Step Down.
October 2012: After Rep. Clayton Luckie Was Indicted, Chairman Redfern Called On Luckie To Step Down. According to Dayton Daily News, “The investigation that resulted in Wednesday’s shocking 49-count criminal indictment against Rep. Clayton Luckie started with one $300 campaign donation in 2010 that was improperly omitted from the Dayton Democrat’s finance reports… The Democratic caucus did begin stripping Luckie of his committee assignments, including his spot on the powerful Controlling Board that approves multi-million dollar state contracts. ‘I think it would be wise for Rep. Luckie to step away from public service and resign his position so he can focus on the challenges ahead,’ said Ohio Democratic Party Chairman Chris Redfern. ” [Dayton Daily News, 10/10/12]
ORP Chairman Bob Bennett Called On Luckie To Resign. According to WDTN “The chairman of the Ohio Republican Party says Democrat State Representative Clayton Luckie should step down. In a statement released Nov. 21, 2012, Bob Bennett called on leaders in the Ohio Democratic Party to force Luckie to resign. ” [WDTN, 11/21/12]
Speaker Batschelder Said That Luckie Damaged The Public’s Trust In The House, Said Luckie Should Resign. According to The Associated Press “-The Ohio House speaker is calling on a state lawmaker to resign in the wake of a 49-count indictment that accuses him of skimming nearly $130,000 in campaign funds for his personal use and failing to list campaign expenditures for six years. Speaker William Batchelder said Wednesday that Rep. Clayton Luckie has damaged the public’s trust in the House and should resign. Batchelder, a Republican, says it’s in ‘the best interest’ of the Legislature and the people of Ohio that Luckie leave office.” [The Associated Press, 10/10/12]