Federal Politics

Published — February 23, 2012 Updated — May 19, 2014 at 12:19 pm ET

Top fundraiser for Romney super PAC gets a $1.9 million payday

Republican presidential candidate and former Massachusetts Gov. Mitt Romney Gerald Herbert/AP

Restore Our Future fundraiser Steve Roche received $1.9 million in fees from super PAC

Introduction

A super PAC supporting Mitt Romney has paid one of the Republican candidate’s veteran fundraisers a fee of $1.9 million for his work during a period when the super PAC raised about $24 million, according to new FEC filings.

The fee went to Podium Capital Group — a company that the super PAC’s treasurer said is Steve Roche’s. Roche is the top fundraiser for the principal outside group — “Restore Our Future” — that’s backing Mitt Romney’s presidential campaign.

Charlie Spies, the treasurer of the super PAC, confirmed in a telephone interview with iWatch News that Podium Capital is “Roche’s company.”

The hefty fees paid to Podium Capital suggest that court rulings in early 2010 that opened the floodgates for corporations, individuals and unions to give unlimited sums to outside groups backing candidates have been a bonanza for presidential contenders and some elite operatives with super PACs.

Roche is a long-time major fundraiser for Romney, going back to Romney’s days as Massachusetts Governor. He worked directly for Romney’s campaign until last summer, and then shifted to the PAC’s chief fundraising job. At that time, Restore Our Future had pulled in just over $12 million, the figure it reported to the FEC for the first six months of 2011.

Although the super PAC is prohibited under federal election law from coordinating its work with the campaign, the transfer of such a senior operative from one group to another is not prohibited.

On FEC records Podium Capital only lists a P.O. Box in Beverly, Mass. Podium received $1.9 million for its work from mid-2011 through the end of January, according to the FEC filing.

Asked whether he deemed the fees paid to Roche’s company reasonable, Spies said “we don’t comment on payments to specific vendors.”

Calls to a phone number for Roche in Massachusetts were not answered.

Restore Our Future, at the end of January had raised $36.8 million, more than any of the super PACs backing other GOP candidates such as Newt Gingrich or Rick Santorum. The pro Romney super PAC has raked in much of its funds in seven and six figure donations from multi-millionaires and billionaires including several Wall Street hedge funds moguls such as John Paulson and Julian Robertson.

Super PACs have boomed this year in the wake of court rulings in early 2010 that allow outside groups to raise unlimited sums from corporations, individuals and unions.

A large chunk of the PAC’s spending has gone for negative ads to pummel Gingrich in Florida before its primary which Romney won handily, and to attack Santorum ahead of the Michigan primary on February 28 where the two candidates are locked in a tight race.

iWatch News Reporter Michael Beckel contributed to this report.

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SOUTH JERSEYTed SiroisMark SullivanTom LarkinAnonymous Recent comment authors
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Mark Sullivan
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Mark Sullivan

Trump needs to conduct these activities because the entire MSM media, excluding Fox, is campaigning against him 24/7/365.

Didn’t Monica’s boyfriend’s wife and various criminal enterprises outspend Trump by almost 2-1?

CapitalistRoader
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CapitalistRoader

Why wouldn’t he get an early start on fund raising? Hillary outspent him two-to-one in 2016. The Dem’s are the party of big money. The President knows this and is attempting to get a jump on it. Of course the Dem candidate will outspend him in 2020 so it’s only rational that he starts fund raising now.

George Young
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George Young

Oh brother. We just 8 years of the Campaigner – in – Chief. Where was this journalistic rectal thermometer then. Just another article about 2000 words too long that merely takes another slap at Trump for something he far from initiated.

j stevenson
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j stevenson

The big difference between Trump and all the rest is his refusing to accept funds from lobbyists, so they don’t have the White House access they are used to. These are the donors who buy the presidency and are as pixxed off that he won the election as are the media and the Dems. Lobbyists have never been shut out of the WH and Trump has told them he is not for sale.

jan v
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jan v

all the lobbyists are running all our government agencies and all the career civil servants who know how to run the country have been fired. YOU think this is a good thing ? what a crock…

thomas alessi
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thomas alessi

I am for Trump

Anonymous
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Anonymous

Trump needs to be impeached and tossed in prison. Then have the key thrown away so he will never be free. Then he can see how it feels not to have freedom.

Mark Sullivan
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Mark Sullivan

Thank you for the usual insightful leftist low IQ Snowflake response.

barney
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hes not imprisoning them hes sending them back to their country chill tf out

SOUTH JERSEY
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SOUTH JERSEY

WHY DONT YOU HAVE FREEDOM?

Tom Larkin
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Tom Larkin

First, something positive. I was happy to learn of empirical information in article. BUT, the article was so slanted against President Trump as to be deemed fake news (“Perhaps Trump just lied.” (Two different issues)). The article mentions that President Trump raised over $67 million, but ended 2018 with $19 million. President Trump spent over $40 million 2016 and 2017. President Trump conducted 57 political rallies. The article notes the hats and T-shirts sold, but NEVER MENTIONS THE INCREASE IN THE NUMBER OF REPUBLICAN SENATORS during a mid-term election that lost the House and the number of political rallies in… Read more »

Ted Sirois
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Ted Sirois

At least Trump is getting donations from willing donors. Fresh from his first election, Obama used billions of our children’s tax dollars to save thousands of union jobs in the car industry and bailed out the banks and many Wall Street businesses. This secured his source of reelection funds for his reelection four years later.

South Jersey
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South Jersey

TRUMP 2020; IS AN AMAZINGLY SMART MAN! VERY ORIGINAL & CREATIVE. I AM HAPPY TO HAVE HIS AS POTUS.

SOUTH JERSEY
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SOUTH JERSEY

THIS ARTICLE WAS OBVIOUSLY WRITTEN BY, A TRUMP-HATE-GROUP. THAT FEELS; IT IS NOT NORMAL TO BE SUCCESSFUL WITH YOUR OWN BRAND NAME. WHEN, IF FACT, IT IS NORMAL! >>>>> THIS IS >>> FAKE NEWS!!! <<<< ie: A PACK-OF-LIES; SPUN INTO; DEFAMATION OF CHARACTER. FOR A SINISTER-AGENDA OF; FASCIST DEMOCRATIC SOCIALIST, COUP D'ETAT

David
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David

Are you on some kind of drugs? Writing in caps makes me think that you are grumpy old fart or a uneducated hillbilly.