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Herman Cain’s Money Problem

Herman Cain’s Money Problem

Does Herman Cain have a campaign finance problem? It looks like it.

The Milwaukee Journal Sentinel reports that Cain chief of staff Mark Block and deputy chief of staff Linda Hansen started a Wisconsin corporation that illegally helped Cain get his campaign off and running. The corporation, Prosperity USA, paid for “tend of thousands of dollars in expenses for such items as iPads, chartered flights and travel to Iowa and Las Vegas.”

If Cain’s election fund never paid back Prosperity USA, those payments would be a breach of federal tax and campaign law.

Prosperity USA appears to be defunct and Cain’s federal election filings make no mention of the debt. Figures in documents obtained by the Journal Sentinel don’t match payments made to the candidate’s campaign. Those records also show that Prosperity USA’s largest asset was nearly $40,000 owed to the organization by “FOH”–Friends of Herman Cain. FOH owed “nearly $15,000 for an ‘Atlanta invoice,’ about $17,000 for chartered flight service and $5000 for travel and meetings in Iowa, Las Vegas, Houston, Dallas and Louisiana.

Prosperity USA had apparently been underwriting travel for Cain before he announced his plans to run for president, greasing the wheels wherever it could, including a $100,000 payment to the Congress of Racial Equality, a conservative black organization shortly before Cain was a featured speaker at the group’s annual Martin Luther King Jr. dinner.

Cain’s ties to the Koch brothers’ backed Americans for Prosperity are well-documented, so this latest revelation would be a non-story but for the total disregard for tax and campaign finance law the Cain staff has shown. Makes you wonder what else is out there.


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Photo from gage skidmore via flickr.

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1:32PM PDT on Nov 2, 2011

With all the problems Cain has, money is the least of them...

1:01PM PDT on Nov 2, 2011

Read this today: ‎"I didn't ask for extra sausage." - Herman Cain's sexual harassment victims

12:34PM PDT on Nov 1, 2011

Don't you just love the game of Herman Cain, now he;s feeling the pain? He "only has himself to blame" What a shame, he's just so lame;campaign for Cain, get more of the same.

12:05PM PDT on Nov 1, 2011

Have you watched his interviews? I have and he has the people giving the interview scratching their heads in confusion. This man not only talks out of both sides of his mouth but he does it all at the same time. His views on abortion and foreign affairs are so mixed up; no one can really say where he stands. This man if elected could bring DOWN the country all by himself. The fact that he is backed by some of the biggest crooks in America, the Koch brothers should tell us he is a man to afford like the Plague.

11:22AM PDT on Nov 1, 2011

keep him from singing,

11:21AM PDT on Nov 1, 2011

Cain is funded and probably advised by the Koch brothers. Those two are prime examples of what is wrong with this countrys political climate, and system. They believe that their money puts them above the law. I say "Let em Crash."

10:28AM PDT on Nov 1, 2011

Drop out now Cain before they find Abel's body.

9:19AM PDT on Nov 1, 2011

So that's 2 campaign fund misuse and one sex scandal. The other candidates will hang him.

7:17AM PDT on Nov 1, 2011

Let's face it - Cain never had any intention of being the POTUS. He just wanted to up the sales on his book and a higher profile in politics leads to higher speaking fees.

He is a complete sham.

6:42AM PDT on Nov 1, 2011

Just giving those arseholes more rope and they will eventually hang themselves - don't worry usa citizens the repubs will be a thing of the past, just be patient!

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