Richardson: AG Horne's checkered past might just be enough for reelection - East Valley Tribune: East Valley Voices

Richardson: AG Horne's checkered past might just be enough for reelection

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Retired Mesa master police officer Bill Richardson lives in the East Valley and can be reached at

Posted: Tuesday, October 29, 2013 2:14 pm

Once again we are being told about the shenanigans of Republican Arizona Attorney General Tom Horne.

Yavapai County Attorney Sheila Polk announced Horne and one of his chief assistants, a former campaigner who now makes six-figures courtesy of Arizona taxpayers, violated campaign laws and have been ordered to repay $400,000 that was illegally raised for his 2010 election.

Maricopa County Attorney Bill Montgomery previously identified Horne’s reported misconduct following an investigation last year.

Horne has left a trail of stink dating back to his Massachusetts law school days forty years ago. With his history of crookery back east one can only wonder how Horne ever became a lawyer in Arizona following his serious legal issues involving the U. S. Securities and Exchange Commission?

His past would’ve kept him from being a police officer in but it didn’t keep him from becoming a lawyer and Arizona’s chief law enforcement officer.

This is what I found the SEC had to say about him: On Aug. 20, 1973, after conducting several years of investigation into Horne, the SEC came to the conclusion that "it is in the public interest to revoke the broker-dealer registration of T.C. Horne & Co., Inc. The SEC consequently ordered, "that Thomas C. Horne be, and he hereby is, barred from association with any broker, dealer, investment adviser or registered investment company."

Horne didn't admit to the SEC he was guilty, but did consent to "findings of violations as alleged in SEC order and to the entry of an order barring him from association with any broker-dealer, investment adviser or registered investment company." Horne's ban from the investment industry was for life. The SEC found, and Horne did not dispute, "that during the period from on or about December 1, 1969, to May 4, 1970, Horne willfully aided and abetted in violations" involving submitting a false report and failing to make and keep accurate and current certain books and records. He also "effected and attempted to induce the purchase and sale of securities" that did not have the required net capital and impliedly represented to customers that it, Horne and Co., Inc., was able to conduct business when in fact it was unable to consummate purchase and sell orders.

A Feb. 14, 1973 SEC document, release Number 10008, said, "Horne, among other things, (a) failed accurately to make and keep current certain books and records, (b) violated the anti-fraud provisions of the Federal securities laws, (c) filed false financial reports with the Commission."

It doesn't take a law degree to understand that Horne committed a big no-no.

“Revoked,” "barred," "false financial reports," "errors on reports" and "fraud" are strong and descriptive words.

Over the years Horne has told media outlets his SEC legal problems stemmed from his attempts to enter into early-on computerization and that he got in over his head while working his way though law school. Yeah right. Horne had business operations in Massachusetts, New York, Kentucky, and Washington, D.C.

He went bankrupt in 1970 and reportedly failed to list his bankruptcy in public documents filed with the Arizona Corporation Commission from 1997 to 2002. Failing to accurately fill out a public record can be a class 6 felony. Horne has yet to be charged with a crime that has no statute of limitations.

Horne has continually pooh-poohed his past legal difficulties just like he pooh-poohed his recent problems with campaign funds, his hit and run accident and his reported noon time rendezvous’ with his mistress, a one time employee of his.

With an AG and chief law enforcement officer like Horne, is it any wonder Arizona continues to be a destination for organized crime and corruption?

The determination by Polk that Horne cheated the system to get elected should come as no surprise considering his record.

Since getting elected in 2010, he has proven himself an embarrassment to the state and his office.

Horne hopes to be reelected in 2014 and considering how things are done in Arizona; he might just pull it off.

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