The New York Times is now reporting on the NRCC financing scandals (see earlier posts here, here and here). Here are some highlights from the article:

Hundreds of thousands of dollars are missing and presumed stolen from the chief fund-raising arm of House Republicans, according to party officials who described the findings of emergency internal audits.

The financial records of the group, the National Republican Congressional Committee, may also have been falsified for several years, Republican officials said. The campaign committees of several Republican lawmakers may also have been victims of a scam that is now under criminal investigation by the F.B.I.

[SNIP]

But until now the committee has not acknowledged that any money was missing from its bank accounts or that the financial irregularities might extend beyond the national committee to the campaign funds of individual Republican lawmakers who also worked with Mr. Ward, a longtime party operative.

[SNIP]

Committee officials said that at least two Republican lawmakers who were clients of Mr. Ward’s had reported to the committee in recent weeks that they had also found discrepancies in their campaign accounts.

If you’re not up on the entire story, then give this article a read. It does a good job at explaining everything.