Republican Senate candidate Tom Wiens reported a weak Q1 fundraising number of $100,931, which doesn’t include a $98,000 contribution from his biggest donor, Tom Wiens.
But whether he raises it or gives it to himself, the money does all spend the same; Wiens has more than $540k cash on hand, which keeps him (barely) in the game with rivals Ken Buck and Jane Norton.
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The question was always whether or not he was committed to fully self-funding his own campaign. I guess we now have our answer.
Wiens’ cash on hand is still below the amount of money that he has “loaned” his campaign, so he could still pull out and get most of it back.
Meant to say, that his COH is still ABOVE the amount he has “loaned” his campaign.
Well, if he loaned his campaign money. And the funds were raised by a loan on a house or business personally for him, then I wonder what campaign finance law says.
What if he drops out or loses the primary? And the campaign has NOT spend all the funds? He could/would put himself first in line for repayment.
So there he is… No longer a candidate, but with an outstanding mortgage/lien against some personal asset.
I wonder…. Is he required to follow donation restrictions on the repayment of that personal loan?
If not, then ANYONE or ANY COMPANY can pay off that debt, right?
So the campaign could still be a wash for Wiens, but I was talking about whether or not he was willing to put in the amount necessary to be competitive.
He’ll have spent a lot of his own money if he withdraws at any point, but he could still refund about $500k to himself. If $500k hadn’t been labeled a “loan,” then we’d be right there with you.
He’ll just declare bankruptcy and stiff his creditors like he’s done before.
When I lived in Douglas County I had heard that he has a reputation for that. Care to elaborate a bit?
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Recycling Industries, Inc.
And I think there was another here on the Western Slope during the oil shale bust.
Most of the stuff you turn up in a Google News Archives search is pay-to-read like this one:
http://www.highbeam.com/doc/1G…
It says three companies in four years.
seriously — if you’re going to loan yourself a huge amount, why not $750 more? That would have put him over 200K and it would look better.