Yet another money scandal for Frist

Last year, Senate Majority Bill Frist found himself in the middle of a scandal involving his questionable stock trading practices.  That investigation is still pending.

Now, the Tennessee Republican, who will retire after the end of this year, is facing yet another scandal.  This time it involves his refusal during the 2000 election cycle to disclose a $1.44 million loan on his campaign disclosure form.  Frist is being investigated by the FCC for this violation.  The anti-corruption group Citizens for Responsible Responsibility and Ethics in Washington has the details about the illegal action:

In June 2000, Senator Frist took $1 million of the money that had beencontributed to his 2000 Senate campaign and invested it in the stockmarket, where it promptly began losing money. In November 2000, SenatorFrist sought to collect $1.2 million he had lent his 1994 Senatecampaign committee. As a result of the stock market losses, however,Frist 2000, Inc. did not have enough money to repay the loan. SenatorFrist solved this problem by having the 1994 and the 2000 campaigncommittees jointly take out a $1.44 million bank loan at a cost of$10,000 a month interest. Frist 2000, Inc. did not report this debt onits FEC disclosure forms.

The Raw Story web site reports that Senator Frist will have to pay an $11,000 fine.

This is yet another Republican scandal to add to the list.  Now there have been a total of -- wait, I lost track once we got to 15.