11/27/2012 11:22 am ET

State Looks Into $500,000 That Disappeared from Todd Stroger Campaign Fund

CHICAGO — The state Board of Elections is looking into a $500,000 "investment" that suddenly disappeared earlier this year from Todd Stroger's campaign filings without any accounting for it.

The disclosure comes as the former Cook County Board president tells Chicago he has no plans to run for the congressional seat formerly held by U.S. Rep. Jesse Jackson Jr.

According to state documents submitted by Friends of Todd H. Stroger for President of the Cook County Board, Stroger put the campaign cash in two certificates of deposit at the Amalgamated Bank in Chicago. He left the money unspent while running for re-election and finished last to Toni Preckwinkle in a four-person race in the Democratic primary. Preckwinkle went on to victory in the 2010 general election.

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