Thread by @pleasesaveour

Months after the Federal Election Commission notified several GOP state parties of major gaps in their 2020 fundraising and spending reports, the committees are correcting their numbers—but they still can’t explain why the discrepancies occurred.

thedailybeast.com/state-gops-can…

The issue raised new ? about possible abuse of a campaign finance loophole that allows wealthy megadonors to cut massive checks. Last year a number of GOP state parties failed to disclose transfers in the hundreds of thousand, sometimes millions of $ which violates reporting reqs

It appears systemic. The @FEC has so far sent notices to 10 of those 46 state parties that failed to report high-dollar same-day transfers from joint fundraising committees and to the RNC. So far, all but one have responded.

@RhodeIslandGOP “The $251,771.78 for the Post Gen report was missed on the original 30 Day Post Genreport that was filed so an amended report was filed to incl that.” They later filed another amend discl more than $455K in transfers from Trump Victory but did not offer an expl

Does anyone find it interesting that the state Democrat committees had no such problems???
@PADems

Seems like another Trump Victory/ #WinRed bait and switch no?

And the corrected filings also show that some committees hadn’t told the FEC they joined Trump Victory, even though Trump Victory had included them. Their explanations have been unclear.

providencejournal.com/story/news/pol…

The Daily Beast reports on a campaign money scheme by the Trump campaign in the 2020 election and the use of Arkansas as a conduit.

arktimes.com/arkansas-blog/…

LIARS! Reporting reqs did not change!

Hawaii didn’t announce its role in Trump Victory until this Feb. Four days later, the committee revealed nearly $1.7 million in transfers, claiming it missed the transactions “due to a misunderstanding regarding the reporting requirements”

The Oklahoma GOP passed hundreds of thousands of dollars from Trump Victory on to the RNC last year, but has still never officially joined the agreement. Last month, the treasurer wrote—twice—that he has been suffering from “serious health problems.”

However, while the state parties may have been unaware of the arrangement, the RNC wasn’t. The RNC reports include the transfers.

RNC/Trump throwing all the state GOP parties under the bus. Bwahahahahaha!

The FEC wanted to know how that was possible. In response to a question about the CO GOP’s unreported transfers, the RNC shifted all blame to the state, writing, “We have confirmed that we received funds from [the] Colorado Republican Committee. No further action is required.”

This doesn’t mean the FEC was baffled. In fact, the same month it asked the RNC to explain itself, the Wyoming GOP paid the FEC a major fine for the same types of omissions in 2016.

But now there’s a new dimension: A small D.C.-area bank may also be in the crosshairs.

Kristi Noem’s most recent state filings from Feb listed Kris Infield of Nelson and Nelson CPAs in Sioux Falls as her state campaign treas. The bank of record is #ChainBridgeBank in VA the same bank where her fed treas keeps @RandPaul treasure and that of
dakotafreepress.com/2021/05/26/fur…

IN @SenToddYoung IN-based “All Hands PAC”

In Jan 2020 TV told feds it would use Chain Bridge Bank, a popular institution among GOP comms. The RNC also held an account there but some state comms didn’t. Others recently told @FEC they had one, but initially failed to report it

AR and OK still haven’t reported an account with Chain Bridge. The Hawaii GOP only added the bank in February.

If the committees had established the accounts on their own, it’s unclear how they could have forgotten doing so. None of them have explained this to the FEC

@threadreaderapp unroll please