Lincoln Project co-founder George Conway on Monday called for the super PAC to be shut down following a New York Times exposé on how the group spent the $87 million it raised.
The newspaper reported on a meeting at co-founder Steve Schmidt's Utah home where he pitched the attendees on building a "billion-dollar" media company.
"In fact, Mr. Schmidt and the three other men who started the Lincoln Project — John Weaver, Reed Galen and Rick Wilson — had already quietly moved to set themselves up in the new enterprise, drafting and filing papers to create TLP Media in September and October, records show. Its aim was to transform the original project, a super PAC, into a far more lucrative venture under their control," the newspaper reported. "This was not the only private financial arrangement among the four men. Shortly after they created the group in late 2019, they had agreed to pay themselves millions of dollars in management fees, three people with knowledge of the deal said."
"The behind-the-scenes moves by the four original founders showed that whatever their political goals, they were also privately taking steps to make money from the earliest stages, and wanted to limit the number of people who would share in the spoils. Over time, the Lincoln Project directed about $27 million — nearly a third of its total fund-raising — to Mr. Galen's consulting firm, from which the four men were paid," the newspaper reported, citing "people familiar with the arrangement."
Conway, who was on the byline of the December, 2019 New York Times op-ed announcing the organization, now says it "should shut down, absent full disclosure of its finances."
"As this detailed story shows, there's simply too much money that hasn't been accounted for, and, I fear, never will be," Conway posted to Twitter with a link to the new report.
"I know LP's supporters want to continue the fight against Trumpism, and I urge them to do so in some other way," he wrote, with links to The Republican Accountability Project, Protect Democracy and The Bulwark.
.@ProjectLincoln should shut down, absent full disclosure of its finances. As this detailed story shows, there's si… https://t.co/aN6aV8zlvp— George Conway (@George Conway)1615228837.0