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
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