Governor Walters Plea Deal And Avoidance Of Impeachment

Gov. David Walters stands before
District Judge John Amick in Oklahoma County
District Court as he pleads guilty to one
misdemeanor count of violating state
campaign finance laws.

 Harry Holloway, of the Oklahoma Historical Society said;

  Then in 1990 a scandal emerged from the gubernatorial campaign of winner and Democrat David Walters. Walters won, but the campaign was accompanied by a barrage of press reports that he had raised and spent more money that any previous candidate. Investigations by the state attorney general and Oklahoma County district attorney led to charges of campaign violations. Walters finally pleaded guilty to misdemeanor charges. Critics attacked the outcome as letting him escape too easily from more serious charges. Still, the publicity probably moderated some of the worst excesses of campaign finance. And in this case reform had occurred with little federal intervention, in itself a significant gain.

  One of the more prominent politicians convicted in the last 25 years of the state's history was former Gov. David Walters. Walters pleaded guilty in 1993 to a misdemeanor charge of violating a state campaign law in a plea agreement that dismissed eight felony charges of conspiracy and perjury. The conviction also led to his decision not to run for governor again. Walters, a Democrat, became president of Walters Power International, a company that provides huge electricity-generating mobile plants sometimes located in remote regions.  

The 1991 School Bond Scandal

Tulsa Public Schools Claimed Poverty While Running A Loan Business With Surpluses

Roughly a decade after Okscam came to light, a major scandal broke that grew out of the misuse of education bonds issued by school districts. A word about bonds is in order. Federal officials allowed local officials to issue education bonds to tide them over financially tight periods, as when property tax receipts for schools were late coming in. The bonds were never intended as a means for local education officials to make money, a distinction that was to become quite important as the bond scam unfolded.

Bonds Without A Vote Of The Electorate

During the 1980s, a major bond underwriting company, Stifel, Nicolaus, and Co., was active in promoting the use of bonds to finance public projects. Stifel also engaged in promoting candidates for office via contributions to their campaigns. The Stifel bond company formed a political action committee (PAC) to channel political contributions to candidates, and also channeled contributions through company officers and lobbyists. By these means, they could contribute quite legitimately, just as other businesses did.

Election Board Secretary, Harmon Moore, Goes To Prison For Embezzlement

 

  There were several claims of fraud and shiftiness for years. But none could be proven. Oldtimers still say that the 1984 mayoral race was wrought with corruption by the many broken machines that led to long lines at the polls, but only in the heavily Republican precincts!

  Then, in 1987, The Tulsa World said;

1987 

 Tulsa County Election Board Secretary Harmon Moore Jr. resigned amid allegations of embezzlement; he later was convicted and sentenced to seven years in prison for embezzling public funds.

Embezzlers: Also in Tulsa County, election board secretary Harmon Moore was sent to prison in 1987 for embezzling public funds. He was convicted of converting $16,713 in public funds to his own use.