Despite the hype about super PACs this election, most aren’t very super at all: Nearly three in four report having less than $5,000 cash to their name or have yet to report assets, a review of their most recent disclosures indicates. And of the nearly 330 federal super PACs in existence today, about one-fourth have never raised or spent a dime, records show. More than two-dozen of these underwhelming organizations are the creations of one man — Josue Larose, an eccentric Floridian who’s confounded state and federal regulators while displaying no interest, or ability, to operate them for their intended purpose and frequently changes their names. Federal Election Commission officials wrote to Larose Wednesday informing him that they plan to administratively terminate 61 of the committees he’s created — both traditional political action committees and super PACs — because of inactivity.
Among the more creative super PAC confections by Larose: The United States Billionaires Super PAC, the United States Department of Homeland Security Employees Super PAC and the American Stock Exchange Listed Companies Super PAC. The closest it appears any of these super PACs got to receiving a notable donation came when Texas billionaire Harold Simmons’ Contran Corp. mistakenly reported donating to one when it meant to list a super PAC supporting Texas Gov. Rick Perry’s now-defunct presidential bid.
A man answering the phone number listed on Larose super PAC documents repeatedly asked, “what company is this?” and declined to answer questions before hanging up.
Full Article: Meet the un-super PACs – Dave Levinthal – POLITICO.com.