Maxine Waters Busted Funneling Daughter Over $750K in Campaign Funds!
Maxine Waters, D-Calif., is the new head of the powerful House Financial Services Committee, giving her power over the banking and insurance industries.
Waters has made it clear that she is going to clean up corruption in the financial world.
She better start in her own back yard!
Election filings made by Waters from her campaign last summer may prove that she is guilty of a whole lot of illegal activity.
As Maxine Waters goes on and on…and on… about how “corrupt” Trump and the banking world is, we find out that she’s the one guilty of handing over more than $750,000 in campaign funds over the years to her own daughter.
The Daily Caller reports:
“Democratic California Rep. Maxine Waters is paying her daughter more than $100,000 in campaign funds this election cycle, according to Federal Election Commission (FEC) filings reviewed by The Daily Caller News Foundation.
Citizens for Waters has already paid $42,862 to the congresswoman’s daughter, Karen Waters, since the beginning of 2017, FEC files show. The campaign is scheduled to pay the younger Waters another $65,000 for her “professional services” working on a “slate mailer,” according to the most recent FEC files.
Rep. Waters’s campaign debt to her daughter was first noted in April 2017 by the Washington Free Beacon. The campaign had yet to report any payments on the debt at that time. Since then, the campaign has reported nine payments to Karen Waters ranging from $3,000-$7,000, according to FEC files reviewed by TheDCNF.”
Well my, my, my!
In a nutshell, to start off with, has been facing criticism dating back to 2001. She has essentially been charging other candidates in the Los Angeles-area for her endorsement. She does this by way of fees for campaign mailers.
This is horrific withing honest politics. You don’t charge for an endorsement. It happens, yes, but you don’t run around claiming everyone else is crooked while you are basically playing tit-for-tat! We all get that! Maxine Waters is a crook!
The mailers are sent to almost 200,000 constituents in the South Central Los Angeles area where Waters holds considerable clout. They consist of an “official sample ballot” with brief quotes from Waters about candidates and measures she endorses.
In just the 2010 cycle, she raised more than $295,550 out of a total of $497,300 through these mailers. And getting on one of her slate mailers doesn’t come cheap.
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By using slate mailers, Maxine Waters’ campaign avoids the same contribution limits that apply to individuals, PACs and authorized campaign committees.
To be featured on the “Citizens for Maxine Waters” slate, candidates pay anywhere between $250 and $45,000.
Friends of Barbara Boxer, the campaign committee for Sen. Boxer, D-Calif., paid $5,000 for an endorsement. Gavin Newsom, former mayor of San Francisco and now governor, kicked in $45,000. Senator Kamala Harris, San Francisco’s former district attorney and a candidate for state attorney general, paid $25,000.
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Under federal campaign law, those campaigns would have been limited to $2,000 contributions for each election.
Her daughter has pulled in more than $750,000 from her mother’s campaigns since 2006, and that is just her cut…
The state law that governs slate mailers sets no limits on how much candidates can be charged or how much people like the Waters children can be paid. It requires only a public accounting.
Waters’ congressional office has refused to comment on the payments, and seems to have no plans on stopping.