Another McCain co-chair resigns under ethics scrutiny.

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"Another McCain co-chair resigns under ethics scrutiny."

In May, national finance co-chair Tom Loeffler stepped down after the press revealed that he had been lobbying on behalf of foreign interests, including collecting nearly $15 million from Saudi Arabia since 2002. Today, Vanity Fair reports that another finance co-chair, former New Jersey congressman Jim Courter, is also resigning:

McCain finance co-chair and former New Jersey congressman Jim Courter, chief executive of telecom corporation IDT, is resigning from the campaign after the FCC slapped IDT with a $1.3 million fine last week for failing to disclose information about its contracts in Haiti. IDT is being investigated by several federal agencies after a former employee filed a lawsuit alleging that the company engaged in corrupt practices in order to obtain favorable contracts in the country.

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