Sheila Cherfilus-McCormick Resigns Facing $5M Federal Charges
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowRep. Sheila Cherfilus-McCormick resigned from the House of Representatives amid allegations of stealing $5 million in federal disaster relief funds. The resignation occurred just before an Ethics Committee discussion regarding sanctions for her violations of House rules. She faces a criminal case in U.S. District Court in Miami related to these charges, with the Ethics Committee also investigating her use of the funds for her congressional campaign. Cherfilus-McCormick had been seeking re-election for a fourth term in Florida's 20th congressional district.
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About McCormick & Company (MKC)
McCormick is a global maker of spices, seasonings, and flavorings.
The Consumer Staples sector covers food, beverage and household-goods companies that tend to hold up in any economy.
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