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MAJOR POLITICAL SCANDALS IN NEVADA'S PAST
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| Contributor | User 13 |
| Last Edited | User 13 Mar 16, 2004 11:31am |
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| Category | Scandal |
| News Date | Friday, November 7, 2003 06:00:00 AM UTC0:0 |
| Description | The impact of Nevada's first major political scandal continues to this day.
The state's first treasurer, Eben Rhoades, sold state land and then used the proceeds to speculate on worthless mining stocks and feed a prodigious cocaine habit.
His misdeeds went undetected until after he died of a heart attack while partying in San Francisco in 1869.
In the 1980s, state Treasurer Patty Cafferata determined that Rhoades' crimes continued to cost the state of Nevada about $30 million per year.
That was the additional interest the state would have received had Rhoades not plundered the state's permanent school fund.
"He made future generations of Nevadans pay for his avarice," state Archivist Guy Rocha said. |
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