Alaska Governor Sarah Palin reported resigned because of a federal indictment pending in an embezzlement scandal that allegedly involves her receiving huge financial favors from Spenard Building Supplies.
If the news is true, the upcoming Sarah Palin federal indictment would have crippled her ability to govern effectively.
Sarah Palin resignation was said to be so sudden that her own children were not aware she was resigning until they heard her speak the words. Prior to the announcement, Sarah Palin had given every indication that she intended to complete her tenure as governor, including 36 hours earlier during a meeting with Senator Mark Begich.
The embezzlement scandal revolves around the large, $12.5 million sports complex that Sarah Palin pushed through during her last term as Mayor in Wasilla.
Federal investigators believe the cost of the sports complex was inflated to provide free building materials and labor for the Sarah Palin home being constructed close by. Both structures, it is said, feature the “same windows, same wood, same products.”
The sports complex’s architect and contractors reportedly have strong links and ties to Sarah Palin.
Spenard Building Supplies is the largest building supply company in Alaska - and they were also the supplier and contractor for ex-Senator Ted Stevens cabin.
Federal investigators have been looking into this since last October and now indictments on charges of public corruption and embezzlement appear to be imminent.
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