State Rep. Thomas Wright has been indicted on five charges of obtaining property by false pretense and one charge of obstruction of justice. Wright, a Democrat, had close ties to jailed House Speaker Jim Black.
According to the indictment, Wright obstructed justice by failing to report $185,000 in contributions to his political campaign as required by state law. Investigators have said Wright spent much of the money on personal expenses, including purchases at Victoria's Secret and Circuit City.
The indictment also says Wright knowingly defrauded the Coastal Federal Bank of $150,000 by persuading a state official to help secure a loan with the promise of state money -- even though both the official and Wright knew no state money was forthcoming.
Wright also secured a $10,000 loan from South East Community Credit Union to the Community Health Foundation, which Wright controlled, just before he withdrew $10,000 from the foundation's accounts, according to the indictment.
You can find out more at the CharO and they promise more details tomorrow as the story unfolds.
I'm usually big on "innocent until proven guilty", but cases like this are typically well-documented before going to the grand jury. Technically, Wright is innocent until proven guilty, but this is ugly.
Stay tuned. We're sure to learn more tomorrow.