Rick Scott is no stranger to allegations of fraud after the issues that he faced as the Chief Executive Officer of Columbia/HCA. In 1997, he resigned from the company after being charged with fraud involving Medicare and the company was forced to pay $1.7 billion in fines after the FBI found that they were engaging in fraudulent billing practices. Currently, Rick Scott is facing allegations concerning how he is raising funds for his run in his race for the US Senate from the PAC End Citizens United.
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Rick Scott is the former Chairman of the New Republican PAC, but End Citizens United claims that he may still be highly involved with the super PAC and is receiving money that was funneled through the organization that they claim was supposed to be for the use of the presidential campaign. According to American Bridge, the New Republican PAC received money “private equity executives” based on decisions that Rick Scott made on “state pension fund investments”. In 2010, the Securities and Exchange Commission made a rule prohibiting the campaigns of public officials from receiving funding from financial firms if they had made decisions that had an influence on state pension investments. The firms in question made more than $3 million from the fees concerning the Florida investments that were affected by Rick Scott’s decisions. End Citizens United based their charges against Rick Scott based on the ruling made by the Securities and Exchange Commission. End Citizens United believes Rick Scott is breaking the law for his benefit.
End Citizens United was established in 2012 after the decision made in 2010 concerning Citizens United. They believe that while campaign financing has always had its fair share of issues, big money is becoming a more and more prevalent aspect of every passing campaign. When Citizens United was able to eventually win their fight in the Supreme Court in order to not have to disclose where donations came from, many people were crying foul. The PAC, which is currently located in Washington D.C, is working to make sure that campaign financing laws are reformed as to be fair and honest to everyone involved.