Dallas billionaire fined for illegal GOP contributions
Source: AP
AUSTIN State ethics officials fined Dallas billionaire Harold Simmons' political action committee $6,450 over campaign contributions to Texas lawmakers that were illegal because the prominent Republican donor was the sole donor to the PAC.
The ruling by the Texas Ethics Commission comes nearly a year after a watchdog group filed a complaint against WCS-Texas Solutions, which has called the nearly $65,000 in illegal campaign contributions the result of a mistake. The PAC was created by Waste Control Specialists, which is owned by Simmons and runs a nuclear waste site in West Texas.
State law requires PACs to have at least 10 donors before handing out campaign contributions. But when the newly formed PAC gave 18 state lawmakers 15 Republicans and three Democrats between $1,000 and $10,000 in 2011, Simmons was the sole source of the funds.
Texans for Public Justice, the nonprofit advocacy group that filed the complaint, said Wednesday it was disappointed in the "meager" size of the penalty.
Read more: http://amarillo.com/news/latest-news/2013-01-02/dallas-billionaire-fined-illegal-gop-contributions
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reteachinwi
(579 posts)Who knew?
jerseyjack
(1,361 posts)lexw
(804 posts)Spirochete
(5,264 posts)That penalty is a fucking joke.
That's just about the cost of his lunch tab.
Lasher
(27,537 posts)This will serve as a powerful deterrent to all billionaires nationwide.
defacto7
(13,485 posts)I think he will have trouble finding it. Any amount under $50,000 is hard to see without help from his staff. Too few zeros.
LeftInTX
(25,126 posts)What a pathetic penalty. Oh well, it's better than nothing.
DFW
(54,287 posts)These guys don't conform to laws, state, federal or local.
Tigress DEM
(7,887 posts)It could go toward a "campaign finance reform fund" that can only be used on bills that propose ways of ending illegal campaign financing from happening BEFORE the election.