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Thursday, July 21, 2011

O'Donnell Campaign is PAC's Largest Donor

Former GOP Senate candidate Christine O’Donnell has been the biggest contributor to the political action committee she launched in January.

Christine O'Donnell speaks at the Values Voter Summit on Sept. 17, 2010 in Washington, D.C.

“ChristinePAC” reported raising nearly $120,000 between Jan. 1 and June 30, according to a report filed Friday with the Federal Election Commission. The report showed a transfer of $50,000 from “Friends of Christine O’Donnell” to the PAC in April.

The PAC spent more than $86,000 during the first half of the year. Rent and fees for legal, communications and administrative services were among the expenses.

As of June 30, the PAC had more than $33,000 and no debts

ChristinePAC is a “Super PAC,” meaning it can accept unlimited amounts of money from any source.

O’Donnell can accept a salary from the PAC. She also can use it to spend unlimited amounts on political ads supporting or opposing individual candidates and touting specific issues.

On Friday, federal prosecutors closed an investigation into allegations that O’Donnell used campaign funds in 2009 to make rent payments.

U.S. Attorney Charles Oberly sent O’Donnell’s attorney a letter saying he was closing his investigation and “does not intend to pursue criminal charges at this time.”

Oberly said his office would refer the matter to the Federal Elections Commission.

from Nicole Gaudiano @ the Wilmington News-Journal

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