by Mish

I am unsure if embezzlement and misuse of public funds are the same charge, but moments ago Bloomberg reported Fillon Charged With Misusing Public Funds along with to two other charges.

From the Financial Times

Fillon met the investigative judges on Tuesday morning, one day earlier than the date set for the meeting, to avoid media attention, a spokeswoman for his campaign said.

Mr. Fillon has been embroiled in the affair since weekly satirical newspaper Le Canard Enchaîné alleged in January that the candidate had misused more than €880,000 in state funds by employing his wife Penelope and two of his children in jobs as parliamentary aides that did not exist.

On Tuesday, Le Parisien newspaper reported that large amounts of the salary paid to Mr. Fillon’s children were wired back to Mr. and Mrs. Fillon’s bank account. Marie Fillon, the candidate’s daughter, told investigators she was paying her parents back for the costs of her wedding. Mr. Fillon’s lawyer told the newspaper that Charles, the candidate’s son, was paying back pocket and living costs.

The embezzlement allegations have dented support for Mr. Fillon, a one-time frontrunner now in third place in the polls.

Additional Charges

In addition to misuse of public funds, Fillon was also charged with complicity in the misuse of company assets and failure to comply with the transparency requirement for public officials, according to prosecutors. In his statement to the magistrates, published online by Le Figaro newspaper, Fillon said there was ample evidence that his wife had helped manage his agenda, correspondence and contacts with local voters.

All the same, Fillon may yet escape a trial — it typically takes several more months before judges decide whether to send the case for trial or to dismiss it. Though that decision will likely come after the election.

The above snip from Bloomberg.

Anti-Corruption Platform

Recall that Fillon is running on an anti-corruption platform. He promised to restore high ethical standards in politics.

Fillon is now embroiled in four scandals, some of them very serious. For details please see Fillongate Four Ways (Penelopegate, Loangate, Suitgate, Nosegate): Right Message, Wrong Time.

Finally, please recall that Fillon stated that he would stand down if a formal investigation was announced. Now, Fillon calls the investigation a “political assassination” and a challenge to the democratic process.

Ethics indeed.

Mike “Mish” Shedlock

Prosecutor Investigates Leading French Candidate Fillon for Paying his Wife €500,000 from MP Funds

Prosecutors in France are investigating the Financial Affairs of François Fillon, the leading candidate in the upcoming French presidential election.

Le Pen Follows Trump Social Media Tactics, Fillon Wins Investigation Reprieve

French presidential candidate François Fillon won a temporary reprieve in charges that he paid his wife and children €880,000 for work they did not do. The charges are dubbed Penelopegate” after his wife Penelope.

Despite Topping Polls, Juppé Rules Out Replacing Fillon

The French Republican party will live or die with Francois Fillon.

Fillon Caught Lying: Under Former Investigation, Refuses to Stand Down

Francois Fillon, once considered the lead candidate in the French national election in May, just got caught in a lie.

Fillongate Four Ways (Penelopegate, Loangate, Suitgate, Nosegate): Right Message, Wrong Time

French presidential candidate Francois Fillon is largely correct about things that need to be done to heal France. However, his message is lost in Penelopegate, Loangate, Suitgate, and Nosegate.

Wikileaks Claims Information on French Presidential Candidate Emmanuel Macron: Support for Fillon Pl

Wikileaks’s founder Julian Assange claims he will “throw oil on the fire of the presidential campaign in France“.

French Presidential Hopeful Fillon Challenges Merkel on Russia, Immigration, Turkey

Regardless who wins the French presidential election in May, Angela Merkel may have a tough go of maintaining Franco-German solidarity.

Obama’s Legacy: Obamacare Failure, Drone Policy Failure, Guantanamo Failure, NSA Spying Failure

Gallup’s Daily Obama Approval Rating poll shows Americans view president Obama consistently higher now than at any time since 2009.

Ugly! “Failure Almost Guaranteed” Regardless of Who Wins the Election

The word of the day is “ugly”. That’s how Steen Jakobsen, Saxo Bank CIO and chief economist describes the US presidential campaign, broken social contracts, public debt, and productivity.