Former Illinois Republican, Aaron Schock is now facing a huge dilemma over federal grand jury investigation for reportedly misspending government and campaign money. Schock filed a new disclosure report with the Federal Election Commission on Wednesday. Schock's legal debt accumulates to over $3,000,000.
The disclosure report states that Schock only has about $558,000 in his "Schock for Congress" account, and has spent over $3,000,000 in legal fees since he resigned in March. The Peoria congressman, who is facing the Justice Department and FBI investigations reportedly owes Jones Day, a Washington legal firm a total amount of $746,985.45, Politico says. The firm has handled his cases since his resignation. According to the campaign finance report, Schock's legal debt amounts to $3 million to deal with the speculations that he wasted official and campaign money.
Schock reported in the disclosure that his "Schock for Congress" campaign committee has used up a total of $619,316.00 in the last quarter of 2015, NBC Chicago reports. Schock's legal debts account 96% of his expenditures in the last three months of last year. As he continued to seek legal services, he paid $1,949,485.70 in a period of six months after his resignation. He has sought legal services of firms: D.C. firm of Berliner Corcoran and Rowe LLP; D.C. firm of Berke Farah LLP; D.C. firm of Schertler and Onorato, LLP; and McGuireWoods LLP.
Schock's legal debts range between $13,333.12 to as big as $500,000.00. In his new filings, the former representative claimed that he has not paid Jones Day since September, his last reporting of his campaign expenses. The report also states that the Republican made a few deposits coming from a Peoria credit union during the last quarter. It is also noted that his spending has tremendously gone down. Schock is withdrawing approximately $1 million every three months from the campaign fund for legal fees.
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