From Chattahbox.com:

"The iceberg scandal allegations were all detailed during the election in 2008 in a lengthy piece by the Village Voice, but the federal investigation was still in its infancy and the allegations faded from public attention, until now.

According to the Village Voice, the contractor for the controversial $12.5 million Sports Complex, Spenard Building Supplies has close ties to the Palins. Spenard is a huge sponsor of Todd Palin's snow-machine team, responsible for tens of thousands in income for the Palins. Spenard also hired Sarah Palin to be a pitch woman for a television commercial in 2004

The building supply company is also a financial political contributor of Sarah Palin's

The iceberg scandal is one of simple greed, corruption and influence peddling. The scandal involves the construction of the Wasilla Sports Complex at the same time Palin's home was built. According to Antoine Bricks of Spenard's Wasilla's office, the builder supplied materials for Palin's home.

The builder even filed a notice "of its right to assert a lien" on the deed for the Palin property, which is standard when beginning a building project for labor and materials, as it apparently did for Palin. The arrangement between Spenard and the Palins was anything but standard, however.

Todd Palin was quoted as telling Fox News that he built the expensive 3,450-square-foot, lakefront home himself with the help of some "buddies." These "buddies" were apparently named Spenard and were allegedly quite generous with their time and materials.

Interestingly, Sarah Palin during her tenure as Mayor, decided that Wasilla would not require the filing of building permits, an action she took right before the building of her home, with the alleged help of Spenard contractors and materials. Without the filing of building permits, Palin effectively kept the identities of the people involved in the building of her home out of the public eye.

The scandal also suggests embezzlement. Spenard billed Wasilla for materials supposedly used to construct the Sports Complex, but allegedly diverted some of those materials to construct the Palin home. Both Palin's home and the Sports Complex are said to feature the "same windows, same wood, same products."

The Sports Complex was a hugely expensive project for the small town of Wasilla, costing the town an additional $1.3 million in legal fees due to legal land title issues, overlooked by Palin as Mayor, which plunged the town into debt that it's still attempting to recover from."