Big trouble managing funds for Managed Funds Association PAC
1 year, 7 months ago

Big trouble managing funds for Managed Funds Association PAC

Raw Story  

Fraudsters keep coming for big bucks from political action committees and politicians — and repeatedly. This time, it’s the Managed Funds Association PAC, which thieves targeted more than 20 times between Jan. 1 and March 31, according to a Raw Story analysis of federal campaign finance data. In all, the Managed Funds Association PAC reported initially losing $147,000 in fraudulent check payments, although it appears to have since recouped the money, according to filings with the Federal Election Commission. During the 2021-2022 election cycle, the Managed Funds Association PAC spread about $75,000 among about 30 federal political candidates, slightly favoring Democrats, according to federal data compiled by OpenSecrets. Federal Election Commission filings that detail some of the "fraud check" draws on the Managed Funds Association PAC's account.

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History of this topic

Trump's Campaign Finances Are Strained As Legal Peril Mounts
1 year, 4 months ago

Trump's Campaign Finances Are Strained As Legal Peril Mounts

Huff Post  

LOADING ERROR LOADING WASHINGTON — Donald Trump’s political operation entered the second half of the year in a strained financial position with its bank account drained by tens of millions of dollars that were directed toward defending the former president from mounting legal challenges as he seeks the White House again. New campaign finance disclosures made public ahead of Monday …

Retired Americans PAC recovers money from $150K fraudulent bill scam
1 year, 8 months ago

Retired Americans PAC recovers money from $150K fraudulent bill scam

Raw Story  

As congressional candidates and political groups continue to be targeted by fraudsters, at least one of the recent victims has recovered six-figures worth of lost funds. The Retired Americans PAC, a super PAC that supports Democrats, recouped more than $150,000 it lost in late 2022 after paying fraudulent bills sent to the committee, according to an April 21 letter to …

Fraud warning: State Farm's political action committee latest victim of theft
1 year, 9 months ago

Fraud warning: State Farm's political action committee latest victim of theft

Raw Story  

You can buy a lot of khakis for $12,200. That's how much money State Farm Insurance's federal political action committee lost in January to "unknown" thieves, according to a letter the company's PAC sent Wednesday to the Federal Election Commission and reviewed by Raw Story. "The Committee discovered this fraudulent activity while completing the monthly bank reconciliation process," State Farm …

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