I swear I read the Globe yesterday cover to cover, but I found this story on TPM:
The Boston Globe had a great article yesterday about an outfit called BMW Direct Inc. whose business seems to be finding nonsense Republicans candidates in hopeless races, raising tons of money for their hopeless campaigns and then funneling all the money back to themselves and sundry contractors and cronies. In 2006, they raised more than $700,000 for Charles Morse's run against Barney Frank in which Morse managed to get only 145 votes in the Republican primary. 96% of that money went back into BMW Direct's coffers and sundry affiliated contractors.
The Globe piece focused on the 2006 races. But today we looked at what BMW Direct is up to in 2008. Pretty much the same thing, it turns out.
In 2006, Deborah Honeycutt (R) ran against Rep. David Scott (D-GA) and lost by 38 points. This year she's trying again. And as in 2006, what she lacks in votes she makes up for in extraodinarily successful fundraising. During the first quarter of 2008, Deborah Honeycutt managed to raise $500,000 -- which would be a decent haul even for a real candidate. So far this cycle she's raised $1.7 million and spent $1.5 million of it. And of that $16,695 has been spent in Georgia. The rest of course got gobbled up by BMW Direct.
Read it and marvel at the latest Nigerian Banking Scam "I am in possession of your political party leaders and will release them for a payment deposited to my account..."
|