Nancy Pelosi never expected it would come to this.
But Pelosi’s campaign practices are in the spotlight.
Nancy Pelosi could face a criminal investigation over a big financial fraud.
Many campaigns on outside groups run email fundraising programs centered on a “matching donation.”
Outside groups find a big donor to put up a pot of money to be matched against online contributions.
Wealthy candidates like Pelosi—that aren’t inhibited by FEC contribution limits when it comes to their own money—can promise to match donations with their own money.
The goal is to entice supporters to contribute financially by making their contribution have more impact.
In at least 50 emails sent to her supporter list, Nancy Pelosi promised to dip into her nearly $100 million dollar net worth to personally match online donations.
The only problem is that according to Axios, campaign disclosure forms show Pelosi has not kicked one cent of her own money.
House Speaker Nancy Pelosi’s campaign committee has repeatedly promised her donors she would personally match their financial contributions, but as of the last reporting period she hadn’t provided a dime of her own money, records show.
Why it matters:Deceptive political fundraising tactics are under scrutiny, and few are more popular than donation-matching pledges. Pelosi’s campaign has gone a step further than most — promising that she herself would put up those matching funds. It hasn’t reported any such contributions.
What’s happening:Nancy Pelosi for Congress sent at least 50 fundraising emails from January through March, pledging she would “personally” match contributions up to a certain multiple.
Deceptive fundraising practices like this might soon turn into criminal investigations.
The Department of Justice recently announced James Kyle Bell of Nevada pleaded guilty to one count of wire fraud for his role in running two pro-Trump PACs that raised $346,000.
Bell moved that money—as well as $1.8 million in fraudulently obtained PPP loans—to his personal bank account.
But what stuck out to many in the press release was the Department of Justice noting that Bell’s groups repeatedly used a 5x match pitch to solicit contributions despite no donations ever being matched.
“The solicitations promised that individual donations would be ‘5x matched’ by Bell’s PACs… However, none of the individual donations were ever ‘5x matched’ by Bell or anyone else,” the Department of Justice press release read.
Campaigns ask Americans to donate to their candidates to fulfill their hopes and dreams of what direction they would like to see the country take.
It’s a sacred trust and many fundraisers understand donors are giving money they can use on anything else because they want to save the country and believe in that candidate.
That’s why it’s important fundraising operations conduct their programs with the utmost integrity and follow through on every promise.
Critics contend that Nancy Pelosi’s email fundraising program amounted to fraud as emails went out under Pelosi’s campaign name promising donors that Pelosi would match their contributions with her own money despite Pelosi never putting up any of her own cash.
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