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The newly ousted congressman, while an extreme case, illustrated the weaknesses of a system that relies on politicians to report their finances in good faith.
Photo Illustration by Luis G. Rendon/The Daily Beast/GettyPay Dirt is a weekly foray into the pigpen of political funding. Subscribe here to get it in your inbox every Thursday.If one thing was clear from Connecticut hedge fund manager David McCormick’s brief run during the 2022 Pennsylvania Republican Senate primary, it’s that his campaign had a practically bottomless built-in fundraising base—in the form of the candidate himself.But while McCormick, who boasts a net worth in the hundreds of mi
Former hedge fund manager David McCormick is running for Senate in Pennsylvania. But he didn’t officially jump into the race until he took advantage of some unique opportunities.
MIAMI, Aug 12 — As Florida Governor Ron DeSantis scrambles to shore up his struggling run for the Republican presidential nomination, he has spent far more than any rival on...