Governor George Rayn

ACCT 572 Accounting Fraud Examination Concepts

Research Project

Governor George Ryan

by

Nick Whitmer

Presented to

Professor Joyce Barden

DeVry University

Keller Graduate School of Management

October 10, 2013

Copyright 2013 by Nick Whitmer

All rights are reserved. No part of this document may be reproduced in any form, stored in a retrieval system, or transmitted, in any form, or by an means, inclusive of, but not limited to the following: electronic, mechanical, photocopying, recording, digitizing, or otherwise, without the express written acknowledgment, consent and permission of the author,

Nick Whitmer

107 W Halls Creek Road, Hartford, KY 42347

nswhitmer@gmail.com

Abstract

George H. Ryan, a member of the Republican Party, served as the 39th Governor of Illinois, and held that office from 1999 until 2003. Prior to the governorship, he held various other public office positions; such as, Illinois House of Representatives, Secretary of State, and Lt. Governor. Ryan received international interest for the 1999 suspension on executions in Illinois and commuting converting 160 death sentences to life sentences in 2003. However, is paper focuses on the scandal involving the illegal sale of government licenses, contracts and leases by state employees during his prior service as Secretary of State. In addition, cover various stages of how the fraud executed, those involved, and the outcome of case.

1. George Ryan and certain of his associates purportedly engaged in an arrangement of fraud that included performing official government function, giving profitable government contracts, leases, and by means of resources of the State of Illinois for individual and pecuniary benefit of Ryan, family members, and his campaign and certain associates. Charges include racketeering conspiracy, mail and tax fraud, and false statements charges alleging public corruption during his terms as Illinois Secretary of State from 1991 to 1999 and as...