Professor Elam

Weekend July 224, 2022

Madison Cawthorn lost his Republican Primary bid. He raised additional funds for the General Election figuring he would face a Dem opponent.  But he spent the donated money.

And now has no way to pay it back and faces a fine for doing so. Clearly this is an internal control failure. All campaign funds should be separated and not available for general expenses. A second signature on checks should be required.

This was only his first term. He claimed to be a Christian conservative but I guess not an accounting conservative.