Richardson PAC money transfer illegal?

Possibly, according to Atlanta Unfiltered.

As we’ve previously noted, just before the New Year on Glenn Richardson’s last day as Speaker of the Georgia House, he moved the remaining $219,915 in his re-election bank account to the MMV Alliance Fund. The fund filed its 2010 registration on December 30 naming Richardson as its new chairman. This meant that he could use the remaining funds for whatever purpose he wanted, without consequence. At least, that’s what we thought.

One potential problem: MMV does not appear to be among the organizations that may legally accept unused campaign contributions. Under Georgia law, political campaigns may give excess funds to IRS-recognized charities; educational, philanthropic and non-profit organizations; other candidates; or political parties.

MMV, a political action committee created in 2004, is none of those. It is not registered as a corporation in Georgia, non-profit or otherwise; a spokesman for the Georgia Secretary of State said late Thursday that the agency had received no request from MMV to register as a corporation. Nor does the committee show up in the IRS’s searchable database of tax-exempt groups.

But how does this differ from what has been noted concerning PerduePAC?

Gov. Sonny Perdue, barred by law from seeking a third term this year, did much the same as Richardson a few years ago, when he transferred a little over $787,000 from his campaign account to PerduePAC. A key difference: the governor registered PerduePAC as a non-profit corporation first.

Perdue had asked the Ethics Commission in early 2007 whether campaign money could be transferred to a non-profit with “PAC” in its name.

On April 5, 2007, the commission said yes. On May 30, PerduePAC filed papers to register as a non-profit. On June 4, the governor’s campaign transferred the $787,000.

Glenn, give us a shout out on the ‘ol Tip Line and feel free to explain how this is just so, so wrong.

9 comments

  1. ByteMe says:

    Let me be the first of many to guess that Glenn won’t be calling the tip line. And that MMV will be suddenly converted to a non-profit corporation with no actual mission other than to pay its board of directors (namely Glenn) a salary.

  2. B Balz says:

    When I see this picture of Mrs. Richardson, it makes me want to puke. How could anyone make her do that?

  3. GodHatesTrash says:

    You know, the people and organizations that gave Richardson this money were trying to buy influence with a criminal and the various corrupt organizations he had ties to – notably the Georgia state gummint and the state GOP.

    Confiscate the cash. Don’t give it to the state because the state is run by a criminal element of the GOP. Find a worthwhile charity.

    Prosecute Richardson for money-laundering, and prosecute his donors for bribery and influence-peddling.

  4. fishtail says:

    I see a disturbing pattern emerging with Richardson and Perdue taking their campaign cash and transferring the proceeds to a PAC that they can easily convert into personal income later after they are gone from office. Perhaps a courageous legislator will offer up some legislation this session that would prohibit this sort of money laundering end-run.

  5. Dave Bearse says:

    Him being allowed to collect $400 a day and benefits for doing nothing emboldened him to appropriate the $200,000 as severance.

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