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-UE
You put your money in, you take your money out, you put your money in, and you shake it all about
You report your campaign account and you turn the money around, that's what it's all about.
On June 30, records show, Maldonado loaned his campaign $250,000. It boosted his cash on hand for the campaign period that ended the same day. On July 1, after the reporting period ended, the campaign paid him back.
On Sept. 30, the end of the next reporting period, Maldonado again loaned his campaign $250,000. On Oct. 1, the campaign paid him back. On Dec. 30, Maldonado again loaned his campaign $250,000. He will report April 15 whether this was immediately paid back.
http://www.sacbee.com/2012/02/02/4232965/challengers-raise-more-cash-than.html
What.
Okay, background info:
* Former Lieutenant Governor of California Abel Maldonado (R) is running for Congress, for California's 24th district seat.
* The Federal Election Commission (FEC) requires candidates to disclose how much their campaign accounts have, and have raised in fundraising, and from what sources, once every three months (a "quarter").
* This guy is putting money into his campaign account at the last minute to boost his account totals and amount received for that quarter. Then he takes it out again the next day.
Comments
So he just uses the money to make it look like he has support?
Yep.
Well, not entirely; you still get to see where the money came from, namely, himself. Though putting one's own money into one's own campaign account usually signals a certain amount of commitment to one's campaign. Which isn't the case here.
I find it hard to believe this tactic would fool many big-money donors. And the few voters who get to hear about it will probably conclude you're desperate.