If my calculations and the filing are correct, the Senate campaign of Rep. Steve Stockman (treasurer: Dan Backer, Esq.) paid more money out TO Todd Cefaratti’s group The TeaParty.net Leadership Fund and to Cefaratti’s company Glengary, Inc than the The TeaParty.net Leadership Fund paid TO Stockman.
In other words, it looks like Todd Cefaratti’s company and political group made a slight profit on the Stockman campaign, while giving the impression that The TeaParty.net Leadership Fund was supporting him.
The Players: Todd Cefaratti & Dan Backer
If you aren’t familiar with The TeaParty.net Leadership Fund and Todd Cefaratti, here’s a news story from 2010 to give you a sense of who we’re talking about here:
CBS 5 News began its investigation into the company after receiving a phone call from an East Coast tea party activist who said nobody within the tea party movement he had spoken to had heard of the Mesa organization. The caller also told CBS 5 News it did not appear the organization was spending any of its donations to support tea party priorities.
Among the findings of the CBS 5 News investigation, the organization spent $181,000 on Google, Facebook and other websites for advertising. As a result, when CBS 5 producers typed the phrase, “tea party,” into the Google search engine, the first paid advertisement that popped up was for JoinTheTeaParty.us.
Additional digging into the organization’s background revealed the director of the nonprofit also has ties to companies that collect and sell people’s personal information. Todd Cefaratti is listed as the director the the nonprofit, as well as a company known as reverseleadclub.com.
At a recent tea party rally at the state Capitol, no tea party supporters approached by CBS 5 News had heard of the website.
Flash forward to 2014.
Ceferatti’s group is now called The TeaParty.net Leadership Fund and they’ve raised close to $3,500,000 in donations from ads such as this one from Facebook that tells donors they are supporting the Tea Party Movement.
Before we go into the numbers, another thing to note is that The TeaParty.net Leadership Fund’s treasurer is Dan Backer, Esq. That’s important because the treasurer for Steve Stockman for Senate campaign is none other than Dam Backer, Esq.
That’s correct : the same Dan Backer oversees money going in and out of both the Stockman campaign and the TPLF.
The Money In & Out of The Stockman Campaign
This is fairly simple math.
What did The TeaParty.net Leadership Fund give TO Stockman? According to their filings, $2,500.
Going through the latest FEC filing from Stockman (prepared by Dan Backer, Esq) you can find that Stockman seems to have giving $2,590.50 TO The TeaParty.net Leadership Fund and Todd Cefaratti’s company Glengary, Inc.
So, it appears Cefaratti’s company and organization didn’t actually give Stockman’s campaign money. They made $90.50.
Not a huge profit, of course. Almost certainly legal.
What is Glengary, Inc?
Under the guidance of President and CEO Todd Cefaratti, Glengary Inc. has become the nation’s premier reverse mortgage lead provider. Founded by Todd Cefaratti in 2007, Glengary Inc. works with some of the top lenders in the country to find homeowners seeking additional income. Reverse mortgages do not require payback while the borrower still lives in the house, so these types of loans are usually only available to senior citizens.
Catch that last line?
Let’s repeat it, so you’re clear on who is on Glengary’s lists: “…these types of loans are usually only available to senior citizens.”
You know. Senior citizens. Like these Tea Party people protesting in Washington, D.C. last year: the sort of people who want to support the Tea Party Movement.
Here are two videos I made that relate to this story. The first explains how Tea Party donor money (much of it probably from patriots and vets like the men seen above) went to Establishment GOP candidates McConnell and Cornyn.
The second shows how I was fired from Breitbart Texas and betrayed by Brandon Darby, who is trying to discredit me and kill this story.