Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Lincoln Project co-founder George Conway says group should shutter after expose

The founders allegedly paid themselves millions in management fees

Graig Graziosi
Monday 08 March 2021 16:34 EST
Comments
Attorney George Conway, husband of White House Counselor Kellyanne Conway, speaks at Georgetown Law School in this frame grab from handout video shot in Washington, U.S., March 8, 2019. Picture taken March 8, 2019. Georgetown Law/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY.
Attorney George Conway, husband of White House Counselor Kellyanne Conway, speaks at Georgetown Law School in this frame grab from handout video shot in Washington, U.S., March 8, 2019. Picture taken March 8, 2019. Georgetown Law/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. (REUTERS)

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Lincoln Project co-founder George Conway called for the conservative anti-MAGA media organisation to shutter in the wake of a New York Times report about the group’s finances.

According to the report, the Lincoln Project was conceived of as 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 Times reported.

The group also reportedly paid themselves millions from the organisation.

According to theTimes, “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.”

According to the report, the Lincoln Project was conceived of as a money making venture from the start.

“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 report said, citing “people familiar with the arrangement.”

Mr Conway, who is the husband for former Trump spokesperson Kellyanne Conway, posted a link to the story on Twitter and wrote that the project should be shuttered because “there’s simply too much money that hasn’t been accounted for, and, I fear, never will be.”

“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, linking readers to The Republican Accountability Project, Protect Democracy and The Bulwark.

The group faced frequent criticism from progressive Democrats, who feared it was a ploy for anti-Trump Republicans to launder their ideas into the liberal politics, and by Trump-supporting Republicans who claimed the group was a traitorous grift.

The media project unraveled in recent weeks. One co-founder, John Weaver, was accused of sexual harassment in early February, prompting Steve Schmidt, another co-founder, to resign from the organisation’s board.

Mr Weaver was accused of using his position of prominence to make unsolicited sexual advances toward young men.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in