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Thursday, June 21, 2007

State Treasurer Thomas Ravenel indicted on federal charges of conspiracy to distribute crack cocaine

· The State
06/19/07 - 5:14 PM

State Treasurer Thomas Ravenel has been indicted on federal charges of conspiracy to distribute crack cocaine, federal and state authorities announced at a news conference at SLED headquarters this afternoon.
The Charleston Republican raised millions of dollars to unseat long-term Democratic incumbent Grady Patterson in November.

Ravenel, 44, is a millionaire real estate developer and the son of Arthur Ravenel Jr., a powerful South Carolina politician who served in the General Assembly and the U.S. House.

As treasurer, Ravenel is responsible for handling the stateís finances and investments. He also holds a seat on the powerful State Budget and Control Board, which controls much of the state bureaucracy. His salary is $92,007. original article

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