Member of Sen. Enzi’s Finance Team Convicted Of Securities Fraud


A member of Sen. Mike Enzi’s (R-WY) 2014 campaign re-election finance team was convicted of securities fraud in 1997.

Enzi named Ed Cheramy, a former communications executive, as a member of his finance team. Cheramy, according to the Casper Star-Tribune on Thursday, was involved in a 1994 scheme “to inflate” the first quarter earnings of IDB Communications Group. Cheramy served as the president of IDB Communications Group. Cheramy and two partners were trying to inflate IDB’s earnings in its first quarter report from $9 million to $15 million.

Cheramy pleaded guilty to insider trading and was ordered to pay a $250,000 fine, according to the Wyoming newspaper. He also served three years of probation and did 500 hours of community service.

“I’ve moved on beyond all of that stuff,” Cheramy told the Star-Tribune.

Enzi’s campaign did not comment to the Wyoming paper.

After IDB, Cheramy served as a volunteer at the Jackson Hole Wildlife Foundation, the Community Foundation of Jackson Hole and the Jackson Hole Community Housing Trust. The Republican National Committee also held at party at Cheramy’s house roughly two years ago.