Unaccounted Campaign Money Totals More Than $31M, Report Finds
Wednesday, August 22, 2012
More than $31 million in campaign money is unaccounted for because government watchdogs failed to hold political groups and campaigns responsible, according to a report released Wednesday.
The New York Public Interest Research Group found the state Board of Elections has failed to get more than 2,000 political candidate and party committees to file mandatory reports due last month.
“We've found that about a sixth of the money in the state has just been lost where candidates no longer file and they have never disclosed what happened to the money,” said Bill Mahoney, research coordinator for the good government group.
The report shows some committees with thousands of dollars in the bank have failed to file for nearly a decade. Campaigns are required to file reports at least twice a year and must report any account activity, even as small as a bank fee.