The Federal Court of Appeal rules the Conservatives are dishonest. And the news is?

The Federal Court of Appeal has ruled against the Conservatives in the so-called "in and out" financing case, in which cash was transferred between local Tory riding associations and the national party during the 2006 election.

Elections Canada says the Conservative Party of Canada violated campaign financing rules by moving $1.3 million in and out of 67 ridings to pay for national ads. The manoeuvres allowed the party to exceed the campaign spending limits and allowed candidates to claim rebates on expenses that weren't actually incurred, the agency said.

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