In the wake of his failed presidential campaign, Herman Cain is building a Gingrich-like web of non-profits and PACs to enrich himself — and probably to help pay off campaign debt as well. Politico reports:
A super PAC run by former Republican presidential candidate Herman Cain appears interested in supporting one and only one politician.
Herman Cain himself.
Between April and June, Cain Connections PAC donated $75,000 to Cain-operated political nonprofit group Cain Solutions, new federal filings show.
The super PAC made no other contributions, with its more than $182,000 worth of other second-quarter expenditures going toward direct mail, printing, rentals, marketing, legal costs, bank and credit card fees and the like…
Such financial activity reenforces Cain’s move to create a sprawling network of affiliated and often overlapping political and business groups.
To date, it include two super PACs, the politically focused nonprofit, an educational nonprofit he calls the Cain Foundation Inc. and a radio and print syndication outfit known as T.H.E. New Voice Inc.
Nice work if you can get it.
8 comments
Skip to comment form ↓
zentrout
July 18, 2012 at 12:10 pm (UTC -4) Link to this comment
I gotta get me some of these PAC thingees.
Cuttlefish
July 18, 2012 at 12:20 pm (UTC -4) Link to this comment
Seriously. I need to start up “CuttlePAC”–it sounds better than “Cain Connections”, anyway.
Randomfactor
July 18, 2012 at 12:49 pm (UTC -4) Link to this comment
The trick, of course, is knowing exactly the right moment to file the bankruptcy. That’s where the money is.
baal
July 18, 2012 at 12:57 pm (UTC -4) Link to this comment
It’s temping to have a personal sPAC but I’d have to discard what remains of my ability to be shamed.
d cwilson
July 18, 2012 at 2:07 pm (UTC -4) Link to this comment
You need a good checklist. Have you:
Borrowed millions against the employee 401k fund?
Outsourced all the jobs to China?
Sold every asset down to the Swingline staplers?
Once you have checked each of these off, then you can file the Chapter 11 papers.
John Hinkle
July 18, 2012 at 3:27 pm (UTC -4) Link to this comment
Wow, I’ll bet you could tuck a whole shitload of laundered money into those categories, and still have enough left over to pay your “certified accountant.”
Modusoperandi
July 18, 2012 at 5:54 pm (UTC -4) Link to this comment
As his wandering hands have gotten him in enough trouble already, I can’t understand why he has started a dating site.
brian
July 19, 2012 at 2:50 am (UTC -4) Link to this comment
Searching job boards now for any “Entry Level Demagogue” gigs….