* You should read Mark Maxwell’s entire story, but here’s a small excerpt to get you started…
On the political side of his operation, the four separate campaign funds [Senate President John Cullerton] controlled sit in varying degrees of debt and disarray. Several members of the party complained to Cullerton about what they perceived as a “mismanagement of funds.”
Records filed at the State Board of Elections show the Senate Democratic Victory Fund took on $630,000 in debt in the final weeks of the 2018 election cycle. The risk paid off. Voters delivered Cullerton unprecedented political power with a supermajority of historic proportion. […]
However, despite strong financial backing, boosted by an extra $2.5 million from billionaire Governor J.B. Pritzker, the Victory Fund burned through so much money, it took most of 2019 for Cullerton’s team of political fundraisers to fill that hole.
In addition to taking on more than half a million dollars in debt, Cullerton’s campaign accounts lost tens of thousands of dollars in risky investments, paid out high fees to brokers, navigated through software glitches, and submitted campaign finance reports that Cullerton now acknowledges were littered with discrepancies and inaccuracies that, on the surface, appeared to some Democratic senators to look more like sleight of hand than transparent disclosure.
Again, go read the rest.