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By Kent Cooper Posted at 3:59 p.m. on Jan. 27, 2014
A new super PAC has over $1 million in the bank and could make independent expenditures that have a big impact on the race to fill the seat vacated today by Rep. Trey Radel, R-Fla.
Values are Vital, reported it had receipts of $1,010,000 and no disbursements from 11/26 to 12/31. Treasurer Anthony Farhat of Cape Coral, Florida registered the super PAC on 11/26. In December, the treasurer was changed to Ronald Firman, with Anthony Farhat as chairman.
The donors were Martin Burns (attorney, Las Vegas, NV) $485,000, and Ronald Firman (retired, Miami, FL) $525,000.
Farhat, Burns and Firman contributed to the 2012 primary campaign of state representative Paige Kreegel, R-Fla., who lost to Trey Radel.
In November 2013, Rep. Trey Radel pleaded guilty to cocaine possession. Radel resigned from Congress today.
To search detailed money-in-politics databases, visit Political MoneyLine.
Political MoneyLine is about following money in politics. It's a cash register for givers, receivers and those who want to watch the flow.
Kent Cooper has been uncovering and counting political money since 1972, when new disclosure laws took effect. He was assistant staff director for the Federal Election Commission's disclosure office for 22 years.
Tony Raymond was at the FEC for more than 20 years, analyzing reports and serving as the FEC's first webmaster.