21 votes

Revolution Super PAC spent most of its money on non-campaign activities

http://www.rawstory.com/rs/2012/12/04/ron-paul-super-pac-spe...

"The pro-Ron Paul group Revolution PAC spent 83 percent of its $1.2 million total fundraising haul on administrative costs and not on campaign activities, Bloomberg News revealed Tuesday.

Bloomberg‘s report noted that Revolution PAC director Gary Franchi paid himself and his companies roughly $153,000, including money for the PAC’s rent."

Raw Story (http://s.tt/1vQLO)

don't shoot the messenger---me,,,, just posting it so we know what's out there

i notice that site love's to post RP stories,,,, as i'm sure they get tons of hits and comments. i notice many tines ron paul is the headline and only a paragraph relates to him and the other 3/4 of the articles will ramble on about something completely seperate of him

however,,, 83% to administrative costs does seem high and irregular
who was involved in this???? was this the rich texas kids pac???

i love reading the comments,,,,, liberals act so superior,,, yet look at their hatred. it cracks me up and not that conservative sites are better or that we don't sometimes---sometimes----do that here
they can not seperate that pacs are different from the candidates, aka ron paul had nothing to do with it...... although it does also show people ,,outside of us even,,, are aware of ron paul inc and how may around him seem to get paid well especially family




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Allegory's picture

Gary Franchi = Revolution Super PAC = Next News Network

Now he's going after Benton with his next failed project, the "Next News Network".

A rat bites another rat.

allegory - ˈalɪg(ə)ri/ - noun - 1. a story, poem, or picture which can be interpreted to reveal a hidden meaning, typically a moral or political one.

Not truth...

allegory.

Potential Annualized National Debt Allowance - a look at 40 years of PANDA next Pandaline - weekdays central time

Allegory's picture

Actually not allegory...

metaphor.

allegory - ˈalɪg(ə)ri/ - noun - 1. a story, poem, or picture which can be interpreted to reveal a hidden meaning, typically a moral or political one.

Not shocked

Rag PAC was filled with sketchy people. Except woods and a few others

The source article has it a bit different

Neither piece is well organised....

http://www.bloomberg.com/news/2012-12-04/post-campaign-super...

Franchi paid himself $38,000 in management fees and fundraising commissions. The super-PAC gave more than $60,000 to One Touch Media and about $53,000 to Restore the Republic --also owned by Franchi, according to Illinois corporate filings.

And suddenly this little hit piece deflates and sinks. Management fees and fundraising commissions are a standard part of political life. Same for many not-for-profits. Never trust Rawstory with the facts. Always go to the source material.

So why are so many of you taking this and jumping right on the "Jesse got overpaid" wagon? These issues are completely unrelated. Don't be so easily suckered.

South is the new way up! Major trend for 2014: Latin America. Start checking out South American investment, it's part of our future now.

So what does the live

So what does the live broadcast of election results in the primary states count as? I'm sure that counts as "administrative costs."

RevPac did much more then just campaign ads. Which I'm sure that's all they consider as "campaign spending."

Considering Franchi did a large amount of work no doubt, I don't see 150k as being that large of a salary. Especially since there is no doubt that some of that money went to help fund NNN(that news network they created).

Commerce with all nations, alliance with none, should be our motto. - T. Jefferson rЭVO˩ution

"Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.” - BASTIAT

whew..

Good thing i never donated to any of the superpacs. I did donate to the official campaign though, still, not that much. I want an answer to where all that money went into and how much was taken in administrative costs. I stopped donating in January after also buying a couple hundred super brochures, which I still have a couple dozen of. I definitely won't be donating to any presidential campaign in 2016, I rather spread the message by myself the best I can.

"you're a funny dude, but who gives a fuck about that? I don't care about someone's wit, I care about the courage of their heart and the honesty of their mind."

If you think that's bad

How about all the money that went to Romney that was tossed into a rat hole?

For Freedom!
The World is my country, all mankind is my brethren, to do good is my religion.

Ha! If you go back through

EDIT: Oh well, don't even care anymore. I never gave to RevPAC. All my donations went right to the campaign.

I'd change the title to 'RevPac spent' since this sounds like

Ron Paul mismanaged money and he had nothing to do with any spending RevPac did. I don't know the details of what RevPac did either, but this makes it sound as if it were Liberty Pac or something, in the title it throws up in google search. :(

Integrity means having to say things that people don't want to hear & especially to say things that the regime doesnt want to hear -RonPaul

Where is the context

Is this an unsual percent? What is the standard admin percentage for a PAC? How far was this off?
What is included under ADMIN, is it similar to the SG&A lines on a P&L?
These questions should be answered specifically before judgement is passed on the PAC.

That GF paid himself 38k is not a problem to me. Wow he paid himself $19 an hour, the greed!

Ignorance in public is not pretty let's try to avoid it.

peAce

Liberty = Responsibility

Liberty for All Pac =/= Rev

Liberty for All Pac =/= Rev Pac.

$153,000 is fairly cheap on administration and staff costs for a group that made $1.2 million. Some PAC positions are full time or part time jobs.

Southern Agrarian

Trevor Lyman's picture

It's the other way around.

It's the other way around. About 172K was spent on Ron Paul, the other million was in administrative costs.

..."Revolution PAC raised more than $1.2 million and spent just $172,000 on independent expenditures to help him. Steering the group’s $1 million in administrative spending was Franchi, Revolution’s founder."...

http://www.bloomberg.com/news/2012-12-04/post-campaign-super...

All of the people posting here except me and Steven

have been against Dr.Paul's message here.. nice how all of you rats show up on an attack on RevPac and here too.

There was an attack post on JudgeNap, RevPac and now Ron Paul Super Pac... Trying your best to smear everyone's name from sock puppet accounts no doubt.

Fail bitches. :)

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

I met Gary

I met Gary back during the '08 season. He was the figurehead to take over for Aaron Russo's end the fed group. Whatever it was called. He was doing informational events at local bar and library locations in Chicago. Then he started Republic Magazine and had that going. He had me design a poster for the Revolution March on Washington. I saw him at the rally for the republic..etc etc. I don't think he is a bad guy. I'm willing to bet he got overwhelmed and thought his time was worth more than it was. That's about it. imo only

Yeah. I know that a lot of

Yeah. I know that a lot of people woke up from the campaign, and for that I am grateful, but it seems like a big waste of money and time in the end. The campaign was never in it to win it.

The entire "PAC" fad appeared

The entire "PAC" fad appeared to be a sham from the beginning. You can do more with $20 of your own money to make a political statement than any of them can. A fool and their money is easily parted.

I think we all figured out.

Months before the campaign was over the hired help Benton, and the rest of the gang were ripping us off. I just that hope he will sabatoge McConnels as well as he did Pauls.

SteveMT's picture

If I was Peter Thiel, I would be super pissed right now.

I'm not Peter Thiel, and I still am pissed, so imagine how he feels.

Peter Thiel Is Ron Paul's Billionaire Sugar Daddy
John Hudson 12,709 Views Feb 20, 2012

Ron Paul may have an army of small donors but when it comes to billionaire sugar daddies, PayPal co-founder and early Facebook investor Peter Thiel is the financial stalwart of the campaign. According to campaign finance documents filed with the FEC on Monday, Thiel donated $1.7 million to Ron Paul-supporting super PAC Endorse Liberty in January, which amounted to over 70 percent of the $2.4 million it received for the month. Following donations of $150,000 and $750,000 donations made in December, the billionaire has given the PAC $2.6 million, accounting for 76 percent of its total fundraising.
http://www.theatlanticwire.com/politics/2012/02/peter-thiel-...

SteveMT's picture

This looks like a different Ron Paul Super PAC then one posted.

I didn't realize that Ron Paul had more than one super PAC. Sorry about the mix up. I hope that nothing is revealed about this one.

I think that was the idea..

So far, just after something was posted on RevolutionPac promoting Judge Nap, they've been systematically attacked and now it seems they're also going after Dr.Paul's good name too.

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

I only donated about 20 bucks

I only donated about 20 bucks during the entire campaign. Seems like the ones we trusted the most were the ones ripping us off.Those idiotic super brochures LOL. The GOP playing dirty isn't what cost us the election. We shot ourselves in the foot with clowns like Jesse Benton and others running the show. It's difficult to be optimistic about 2016. Skepticism over Rand grows every day. Who's gonna want to donate after what we saw in '08 and 2012? I know RevPAC wasn't affiliated with the official campaign, but everything that happened during the campaign just seems pathetic in hindsight.

OOOhhhhh Not good, what was Franchi thinking?

Wow, I know he is a Ron Pauler but I guess greed got the best of him? Hmmm not good. Now he is thrown out of the movement. Too bad, he did have a good operation for freedom going. I was going to give donations there when he made a video about funding for the Paul Campaign. WOW GARY!!! You f'd up!!! The movement needed his skills. This really sucks!!! Super Pacs are good for supporters that have given the limit and can fund the Pac in support of the candidate so we thought. I guess give only to the Campaigns directly from now on. I think he owes the Paul supporters an explantion because we need to hear from his mouth what happened.

He has the website Restore the Republic site: http://www.rtr.org/

more

Revolution PAC raised more than $1.2 million and spent just $172,000 on independent expenditures to help him. Steering the group’s $1 million in administrative spending was Franchi, Revolution’s founder.

Franchi paid himself $38,000 in management fees and fundraising commissions. The super-PAC gave more than $60,000 to One Touch Media and about $53,000 to Restore the Republic --also owned by Franchi, according to Illinois corporate filings.

Revolution PAC was $63,375 in debt as of the end of September. In August, Washington-based campaign finance attorney Dan Backer took over the group’s FEC paperwork

PayPal founder Peter Thiel was the super-PAC’s top monetary backer, contributing $85,000
http://www.bloomberg.com/news/2012-12-04/post-campaign-super...

found more

this gary franchi is a truther and does have some questionable motives or actions,,,may be the guy who ripped people off for the talking action figures

however peggy freeman was in on this,,, i trust her fully,,,,the lady crying over campaign throwing her to curb,kokesh video

and if thery producd these video's they did make awesome promo's

seems the problem was franchi,,, but he's been replaced

links

Super PAC supporting Ron Paul is operated by a 9/11 'truther'
http://openchannel.nbcnews.com/_news/2012/02/09/10358155-sup...

ads---plastic men--http://www.youtube.com/watch?v=VlYG6vh2T-M&feature=player_embedded

chinese troops--http://www.youtube.com/watch?v=XKfuS6gfxPY

The Compassion of Dr. Ron Paul ---this was really good
http://www.youtube.com/watch?v=8Rv0Z5SNrF4

if they made these i give them credit,,, just misplaced leadership

this whole thing should be more about gingrich's lady taking checks ,,$20,000 13 weeks after he stopped,,, not pauls

http://www.bloomberg.com/news/2012-12-04/post-campaign-super...
"One example: Revolution PAC raised $1.2 million by pitching itself as a booster for Texas Representative Ron Paul’s run for president. Under the direction of Gary Franchi, the group spent $1 million, 83 percent of its cash, on administrative expenses, including about $153,000 for himself and his companies. A $1,766 monthly fee for “office rent” went to a Franchi company whose address is a mailbox at a Northbrook, Illinois, UPS Store. Franchi said in an interview there is a physical location for the companies, declining to give its address “for privacy reasons.”

I smelled a rat in Gary Franchi

during the Nevada caucus. RevPac was the most underfunded of the pro-Paul Superpacs, yet during the Nevada caucus, they set up an "alternative news" broadcast, supposedly an alternative to the MSM so, RP supporters could watch pro-liberty spin rather than pro-establishment spin. All it was was a few cheap amateurs talking about the election. But, the first thing I thought was what in the world is RevPac doing wasting RP supporters' money on this when they could be spending it on billboards, flyers and ads to help get the doctor elected?!?

I remember that BS

It was embarrassing, to say the least. It was so pathetic, I would have rather watched FOX news.