Looks like former Majority Leader Tom DeLay’s (R-TX) political action committee is going out with a bang.
For many years, DeLay used Americans for a Republican Majority to dole out millions to Republican House candidates. It shouldn’t surprise that the group had a laundry list of accounting issues — and to settle them, they’ll be forced to cough up $115,000 to the FEC as the group’s final act.
From Political Money Line:
The Federal Election Commission and former Rep. Tom DeLay’s Americans for a Republican Majority (ARMPAC) have agreed to a conciliation agreement [.pdf] for violations of the Federal Election Campaign Act, as amended. The violations include failure to properly report its receipts, disbursements and cash on hand; failure to report outstanding debts and obligations; and failure to properly pay for shared federal and non-federal disbursements.The committee failed to accurately report $74,295 in financial activity on 2001 and $166,340 in 2002. The committee failed to report debts and obligations to twenty-five vendors totaling $322,306. The non-federal account overpaid its share of allocable expenses by $203,483. The committee used incorrect ratios to allocate is disbursements, and the non-federal account overpaid its portion of generic voter drives by $121,456, and fundraising events by $9,414.The non-federal account overpaid $95,386 in fundraising expenses that should have been charges to the federal account.
Update: CREW calls this “one of the 50 largest fines ever obtained by the FEC in its 30-year history. “
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