Unreal: Internal RNC probe finds financial controls in disarray

The investigation found that the Republican Party’s national governing body is losing money on its major-donors’ fundraising program — spending $1.09 for each $1.00 raised, according to RNC members privy to the investigation’s findings. It typically costs about 40 cents for every dollar raised from donors who give more than $1,000.

The investigation also found that the RNC has allowed employees to forge Finance Director Rob Bickhart’s initials on expense-reimbursement request approvals, according to an RNC member who spoke on the condition of anonymity for fear of retaliation. The RNC’s top elected and appointed management have united in defense of the committee’s practices. RNC Chairman Michael S. Steele can withhold or increase RNC contributions to a state party…

RNC communications director Doug Heye disputed the fundraising figures when reached for comment about the report. He said year-to-date the RNC has received $2,649,586 from major donors at a cost of $1,832,642, netting the organization more than $800,000.