Forbes - The Reporter's Notebook Edition

Zach Everson
Staff Writer
APRIL 18, 2022
Trump’s PAC Pays Trump’s Club $318,000
Former President Donald Trump’s political action committee paid Mar-a-Lago $318,000 this February. The payment was the PAC’s largest disbursement of the quarter and comprised 23% of its total spending.

Trump’s club in Palm Beach has received at least
$1.8 million in payments from federal political committees since 2016. Prior to that year, it took in $54,000.
On Feb. 1, Trump's Make America Great Again, Again! PAC paid Trump's Mar-a-Lago $318,000. Federal Election Commission/Make America Great Again, Again! Inc.
Welcome To The Latest Issue Of Checks & Imbalances
The Federal Election Commission’s quarterly filing deadline was Friday. While the agency is still processing the reports to make them searchable, today we dig into some early findings.

Checks & Imbalances publishes on Mondays and Thursdays. Please support this work, if you can, by 
subscribing to Forbes. Any tips or suggestions? Email me at zeverson@forbes.com.  And you can follow me on Twitter at @z_everson. Thanks! 
Reps. Greene And Gaetz Direct $25,000 In Campaign Funds To ‘Big Lie’ Peddler John Eastman
Reps. Marjorie Taylor Greene (R-Ga.) and Matt Gaetz (R-Fla.) have directed $25,000 in campaign funds to John Eastman, a proponent of Trump’s “Big Lie” who spoke at the January 6 rally. 

Greene’s campaign paid Eastman’s Constitutional Counsel Group $10,000 in January, while Greene and Gaetz’s Put America First fundraising committee paid the firm $15,000 in the last four months of 2021. 

In November, the
House’s January 6 committee subpoenaed Eastman’s records and testimony about his efforts to overturn the 2020 presidential election. California’s state bar announced in March that it too was investigating “whether Eastman engaged in conduct in violation of California law and ethics rules governing attorneys” regarding the election. 

A spokesperson for the State Bar of California confirmed its investigation into Eastman is active but said state statutes prevent the organization from otherwise commenting.

None of the parties involved in the transactions provided any details about what work Eastman performed.

“Dr. Eastman is one of the leading constitutional attorneys in the country,” a spokesperson for Greene’s campaign said in a statement. “When we need advice on significant constitutional issues, we have occasionally sought his counsel. The particular issues for which we sought his advice are protected by attorney-client privilege, however.”

Gatez and Eastman referred to the statement from Greene’s campaign. 

“Our filings speak for themselves,” Gaetz wrote in an email. Eastman declined to comment further, citing attorney-client privilege.

The payments were
first reported by Insider.
John Eastman stands at left as former New York Mayor Rudolph Giuliani speaks at the Jan. 6 rally in support of President Donald Trump's efforts to overturn the 2020 presidential election. (AP Photo/Jacquelyn Martin, File) Associated Press
Watch: Where Some Of The Biggest Lawsuits And Investigations Against Donald Trump Stand
Forbes/Jonathan Palmer
Continuing Irresolutions
Updates on Checks & Imbalances’ previous reporting

The campaign of former Rep. Jeff Fortenberry (R-Neb.) spent $598,000 on legal services in the first three months of 2022. In March, Fortenberry was found guilty of lying to federal investigators. He resigned from Congress the following week. 

Fortenberry has now directed
a total of $778,000 of campaign funds to the law firm that represented him in his trial. As of March 31, his campaign has $50,000 of cash on hand and $60,000 in outstanding debts. His sentencing is scheduled for June 28. Each of the three felony counts he was convicted of carries a maximum penalty of five years in prison.

*****


Rep. Lauren Boebert (R-Colo.) changed campaign treasurers, according to a filing it made with the Federal Election Commission on Thursday. In recent months, the campaign made a couple of high-profile gaffes, namely using political funds to pay for Boebert’s personal rent and filing a report that mistakenly said she represented Utah. Boebert replaced her campaign’s compliance support in January. A spokesperson for Boebert’s campaign did not respond to inquiries.

*****

The campaign of former Director of National Intelligence and Congressman John Ratcliffe (R-Texas) continued to pay his wife to manage its sleepy books last quarter. It appears she may have taken a pay cut though.

Starting in March 2021, the campaign began
paying Michele Ratcliffe $3,000 a month for compliances services. The $3,000 payments continued into January 2022, according to a report filed on Friday, but the campaign didn’t report any disbursements to Michele in February and just $1,500 in March.

Payments to Mrs. Ratcliffe comprised 71% of the campaign’s spending in the first three months of the year. A partner at the Rockwall, Texas law firm of Lamberth Ratcliffe Covington, her total take from her husband’s campaign over the past year is $34,500.

Also, the campaign did not report any additional payments to Telegraph Design last quarter. In 2021, Ratcliffe’s committee
reported paying $11,000 for “website design” to that technology firm, which created a site for his private-sector ventures. 

Neither Ratcliffe responded to an inquiries.

****

Former President Trump’s Make America Great Again, Again! PAC reported paying four people in a cost-share agreement with the pro-Trump dark money group MAGA Policies, Inc. last quarter: former acting members of Trump’s cabinet Richard Grenell and Matthew Whitaker, former Florida Attorney General and Trump advisor Pam Bondi and Cassidy Kofoed, the 24-year-old daughter of Richard Kofoed, a major Trump donor who lived large despite having financial difficulties

Both Richard and Cassidy were on the private flight Richard booked that whisked Trump advisor and Don Jr.’s girlfriend Kimberly Guilfoyle out of D.C. on January 6, reported ProPublica.

All told, the pro-Trump groups have paid Cassidy at least $32,000 since October.

Richard Kofoed denied any knowledge of what work his daughter performs for the groups or how she landed the job. "I have nothing to do with my adult daughter’s employment," he wrote in an email. "I am not privy to any information related to her position nor do I discuss this with her."

Spokespeople for Trump did not respond to inquiries.

Watch: Byron Donalds Speaks To Forbes About Midterms, Energy, And The Inner Workings Of Congress
Forbes/Matt Parker
Intriguing Investments
The campaign for Rep. David Schweikert (R-Ariz.) reported paying a “filing fee” of $125,000 in February to the FEC.  A month earlier, Schweikert agreed to pay the FEC a civil penalty of that same amount for misusing campaign funds. The campaign has not responded to an inquiry.
Alex Jones’ Infowars Site Files For Bankruptcy — Here Are The Lawsuits That Led To Millions In Legal Fees
"Three companies owned by far-right radio host Alex Jones, who was found liable last November for spreading false claims about the Sandy Hook elementary school shooting, filed for bankruptcy," reports Madeline Halpert for Forbes:

Far-right website Infowars and two other firms owned by Jones, IWHealth and Prison Planet TV, have filed for Chapter 11 bankruptcy, according to filings in the U.S. Bankruptcy Court for the Southern District of Texas.

The move comes several months after a judge ruled Jones was liable for defamation after the families of several victims killed in the Sandy Hook elementary school shooting sued Jones and his media outlet Infowars in Connecticut for perpetuating claims the tragedy was a hoax.

Read more: Alex Jones’ Infowars Site Files For Bankruptcy — Here Are The Lawsuits That Led To Millions In Legal Fees

Alex Jones, the founder of right-wing media group Infowars, addresses a crowd of pro-Trump protesters after they storm the grounds of the Capitol Building on Jan. 6. (Photo by Jon Cherry/Getty Images) GETTY IMAGES
Tracking Trump
The gubernatorial campaign for Arizona Republican Kari Lake reported spending another $34,000 at Mar-a-Lago in the first three months of 2022, bringing its total disbursements at Trump properties to $90,000. Trump endorsed Lake in September and featured her as a speaker at his rally in Arizona earlier this year.

Other campaigns that reported spending money at Trump properties in their latest quarterly reports include the following:

-
Rep. Marjorie Taylor Greene (R-Ga.) dropped $44,000 at Mar-a-Lago on venue rental and catering.

-
Rep. Mary Miller (R-Ill.), who Trump endorsed in January, made what appears to be her campaign’s first-ever payment to a Trump property in March when it paid $17,000 for catering and event space at Mar-a-Lago.

-
Kelly Tshibaka, a Trump-endorsed Republican running against Sen. Lisa Murkowski (R-Alaska), spent $14,000 at Mar-a-Lago on facility rental and catering. 

-
Max Miller, a former White House advisor to Trump, paid $12,000 for catering.

-
Rep. Matt Gaetz (R-Fla.) spent $690 on meals at Trump’s D.C. hotel. 

Not reporting any disbursements at Trump properties in the first three months of 2022: the senate campaign for
Rep. Mo Brooks’ (R-Ala.). In July, Brooks issued a statement saying he wanted to “do fundraisers at Mar-a-Lago as often as I can.” His campaign hasn’t reported making disbursements there, or at any other Trump property, since then. Citing Brooks’s unwillingness to keep trying to overturn the 2020 election, Trump withdrew his endorsement in March.
ormer President Donald Trump introduces Arizona Republican candidate for governor Kari Lake at a rally this January in Arizona (AP Photo/Ross D. Franklin ASSOCIATED PRESS
Forbes continues to update "Tracking Trump: A Rundown Of All The Lawsuits And Investigations Involving The Former President.” Among the latest developments: the January 6 committee interviewed Trump advisor Stephen Miller and the New York attorney general’s office filed a motion in its investigation to compel testimony from a business partner of Trump’s.
Forbes/Philip Smith
  • "Trump pours money into a midterm race for the first time" (Politico)
  • "He Could’ve Taken Down the Trump Org. Now He’s Taking the Blame." (The Daily Beast)
  • "Jared Kushner Flaunted His Influence With Saudi Arabia, Russia in Pitch to Investors: (The Intercept)
Editor's Picks
  • "Documented Obtains List of 2020 Donors to Ginni Thomas Group That Supported Trump’s Attempted Coup" (Documented)
  • "Russian Legislator and Two Staff Members Charged with Conspiring to Have U.S. Citizen Act as an Illegal Agent of the Russian Government in the United States" (Department of Justice)
  • "Jamie Dimon, other JP Morgan executives donated to centrist Democrat Kyrsten Sinema" (CNBC)
  • "Manchin visits Alberta as the Canadian province ramps up US lobbying amid energy crisis" (OpenSecrets)
  • "Following a Campaign Legal complaint, the FEC penalized two LLCs for funneling $200K in secret funds to a super PAC and the super PAC for accepting the illegal funds. This is the first time that the FEC has penalized LLCs and super PACs for making and receiving straw donations." (Twitter/Brendan Fischer of Documented)
  • "Documents Show US Rep. Kai Kahele Has A Special Deal With Hawaiian Airlines" (Civil Beat)
  • "The House Ethics committee is launching an investigation into one of its own members: John Rutherford." (Politico)
  • "Tom Suozzi faces possible ethics probe over his reporting of stock investments" (The New York Post)
  • "A bipartisan group of 19 lawmakers is laying out 3 key parameters for a stock trading ban following the House's first hearing on the issue" (Insider)
  • "While Rep. Kevin Hern (R-Okla.) advocates for a stronger US response to Russia, he also owns defense contractor stocks Lockheed Martin and Raytheon." (Twitter/Congress Trading)
  • "For the first time, a Congressperson is addressing unusualness on stock trades. Rep Jake Auchincloss (D-Mass.) sold $50k in a stock, adding he 'had no information related to this transaction that is unavailable to members of the public.'" (Twitter/Unusual Whales)
  • "Fighting Trump, Dems launch plan to elect thousands of local election supervisors" (Politico)
  • "Oracle founder Larry Ellison is the sole funder of the super PAC backing former Mike Pompeo spokesperson Morgan Ortagus in her Tennessee congressional run." (Twitter/Teddy Schleifer of Puck News)
  • "Protect Our Future, the super PAC started by crypto billionaire Sam Bankman-Fried, raised $14 million in the first few months of this year. The group's donor? It doesn't say Bankman-Fried — but rather a Las Vegas LLC that is a trust company." (Twitter/Teddy Schleifer of Puck News)
  • "Ex-New York Lt. Gov. Previews Bribery Defense: ‘No Personal Benefits’" (The New York Times)
  • "The lobbyists who gave to GOP frontrunners for Ways and Means chair" (Politico)
  • Rep. Madison "Cawthorn's cash situation is even more bleak upon closer inspection. Yes, he has $242k cash on hand. But he also has almost $127k in unpaid bills. So just over $115k in true cash — despite raising $3.5 million this cycle overall." (Twitter/Shane Goldmacher of The New York Times)
  • "Tax cut provision Sen. Johnson pushed for delivered windfall to his two biggest donors" (Twitter/Justin Elliott)
  • "Billionaire Peltz draws GOP megadonors to $5,000-a-plate fundraiser for Democrat Sen. Joe Manchin" (CNBC)
  • "Mehmet Oz loaned his campaign $5.85m last quarter, and over $11m since joining the race in Nov.—accounting for nearly all of the $13m that’s come into his campaign fund. He has raised just $2.4m from donors, and $1.7m last quarter" (Twitter/Jonathan Tamari of The Philadelphia Inquirer)
  • "McCormick’s Q1 haul in PA GOP primary" (Axios)
  • "New FEC filings reveal that a mysterious group called 'Defending America Together' that uses an Arizona PO box address poured millions into super PACs with $3 million to the Pennsylvania Conservative Fund and $2 million to America's Promise, which gave $3M to Alabama Patriot PAC." (Twitter/Anna Massoglia of OpenSecrets)
  • "This super PAC is spending almost $1 million in a contentious Democratic primary. They don’t want you to know who is funding them." (Politico)
  • "Biden to hold first road fundraisers of presidency" (Axios)
  • "Ex-Rep. Pete King registers as lobbyist for facility accused of torturing children" (LegiStorm)
  • "Gyms, restaurants, music venues among those seeking billions in pandemic relief" (The Hill)
  • "Bank records shed light on dark-money group in Florida ‘ghost’ candidate scandal" (Tampa Bay Times)
  • "Herschel Walker Claims to Own Companies That Don’t Exist" (The Daily Beast)
  • "An 83-year-old California man was sentenced to 3.5 years in prison after stealing more than $250,000 by pretending to raise money for Bernie Sanders, Beto O'Rourke and others" (Insider)
“I own that so I pay myself (ha ha!)”
Jeezy, “I Got Money”
Zach Everson
Forbes staff writer
I took an unusual route to get here. In a past life, I worked as a travel and food writer, which is how I got the assignment in 2016 to cover the grand opening of the Trump International Hotel in Washington, D.C., just a couple miles from my home. When Trump won the election and refused to divest his business, I stayed on the story, starting a newsletter called 1100 Pennsylvania (named after the hotel’s address), and contributed to Vanity Fair, Politico and NBC News. I’m still interested in Trump, but I’ve broadened my focus to follow the money connected to other politicians as well—both Republicans and Democrats.
Follow me on Twitter.
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