"The most recent campaign finance reports filed with the Federal Election Commission show that contributions to Cherfilus-McCormick all but ended after the Broward-Palm Beach county Democrat's indictment was announced on Nov. 19. From Oct. 1 through Nov. 19, her campaign raised $116,000 in contributions greater than $200 each, or from political action committees. Post indictment, her campaign reported just two such contributions through Dec. 31, totaling $1,800. The dramatic drop-off from the first seven weeks of the quarter to the last six weeks could be a result of donors shying away from the indicted congresswoman, her being too busy to court donors, or a combination of both."
"The federal indictment charges that she stole money that had been overpaid to her family-owned health care company when she was its CEO during the COVID-19 pandemic and laundered the proceeds, with much of the money used to help fund her first successful campaign. She has been charged with conspiracy to commit theft of government funds, money laundering, make and receive straw donor contributions, and make a false and fraudulent statement on a tax return, according to the indictment. Cherfilus-McComick has been under scrutiny by House investigators for most of her time in Congress. On Jan. 29, the House Ethics Committee released a report from an investigative subcommittee that "revealed substantial evidence of conduct consistent with the allegations in the indictment, as well as more extensive misconduct" including violation of federal laws and regulations and ethical standards."
Campaign contributions to Sheila Cherfilus-McCormick dropped sharply after her Nov. 19 indictment, with $116,000 raised from Oct. 1 through Nov. 19 versus only two contributions totaling $1,800 from Nov. 20 through Dec. 31. The decline may reflect donor withdrawal, reduced candidate fundraising activity, or both. At the same time, spending on legal expenses rose as the campaign confronted legal exposure. The federal indictment alleges theft of overpayments to a family-owned health care company during the COVID-19 pandemic, money laundering, straw donor contributions, and a false tax return. The House Ethics Committee reported substantial evidence consistent with those allegations. Cherfilus-McCormick pleaded not guilty.
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