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O'Donnell Had $1 Mil. Left in the Bank

3:26 PM, Dec 3, 2010 • By JOHN MCCORMACK
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Politico's Shira Toeplitz reports:

Delaware Republican Christine O’Donnell criticized the national GOP for not spending money on her campaign, but the long-shot Senate nominee was sitting on a mountain of cash.

O’Donnell reported having $924,800 in the bank after the election was over, according to her post-general election campaign fundraising report, filed Thursday.

The O'Donnell campaign's defense: 

O’Donnell spokesman Matthew Moran said O’Donnell was advised by her attorney to reserve “several hundred thousand dollars” for after Election Day to use for legal challenges resulting from her campaign – such as a complaint filed with the Federal Election Commission filed by the state GOP during the primary and a criminal complaint filed with the U.S. attorney’s office in Delaware by Citizens for Responsibility and Ethics in Washington.

The campaign was also holding on to money for “the inevitable FEC wrap-ups because we had so many small donors, etc.” that ongoing legal actions could drag on for “years,” Moran wrote in an e-mail to POLITICO. “Lastly, much of that money came in so late that we could not spend it effectively and would not recklessly put the campaign into debt ... obviously, all checks that came in dated after the election were returned by Friends of Christine O'Donnell.”

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