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May 11, 2013 12:30 AM by John Reger

Jailed Grover Beach financier a big donor

Al Moriarity is in the San Luis Obispo County Jail accused of securities fraud and embezzlement. The 80-year-old Grover Beach financier is owner of Moriarty Enterprises. His financial troubles began in 2008 when banks pulled his lines of credit.

The Cal Poly alum is well known for his large scale donations, including for the huge scoreboard at Spanos Stadium. Investigators are searching to find if the hundreds of thousands of dollars he donated belonged to him.

Moriarity played football at Cal Poly on the undefeated team of 1953. He was inducted into the Cal Poly Athletics Hall of Fame in 2002. in 2009, he made a gift of more than $600,000 for the Spanos scoreboard that now bears his name. Cal Poly said it is "premature and inappropriate for us to comment on his donation at this time."

An online search on the Secretary of State's website shows Moriarty made numerous federal campaign contributions. Over a two year period he gave $2,000 to McPherson for Secretary of State and $3,500 for McPherson for Lt. Governor.

Moriarity also gave over $1,700 to the National Association of Insurance & Financial Advisors over a 4 year period. Plus, from 2008 to 2011 he gave over $2,000 to the National Association of Insurance and Financial Advisors Political Action.

According to public documents, in 2010, Moriarty donated to the Committee to Elect Ian Parkinson. On August 6th he made a contribution of $1,000 and $600 on August 26th.

The San Luis Obispo County Sheriff's Office says the $600 contribution was unsolicited but was actually an auction item Moriarty purchased at a Fundraiser for Parkinson for Sheriff.

Moriarty should appear in court Monday for his arraignment.

» There are multiple updates to this story. Please click here to get the latest information.

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