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Maxine Waters dishes out another $8K in campaign funds to daughter, bringing the total to more than $1M

December 9, 2022 | | Print Article

Continuing in a decades-long tradition, Rep. Maxine Waters’ daughter, Karen Waters, has received yet another payout from her mother’s re-election campaign, adding to the more than $1 million the California Democrat’s campaign has doled out to her daughter and her company, Progressive Connections, since 2003.

In September, the younger Waters was paid $8,000, Fox Business reports.

According to a Wednesday filing with the Federal Election Commission (FEC) by Citizens for Waters, Karen was issued two payments totaling $8,000 in June for “slate mailer management fees,” bringing the annual haul up to $50,000.

“Slate-mailing is an uncommon practice in federal elections, where a consulting firm is hired to create a pamphlet of sorts that contains a list of candidates or policy measures, and advises voters how to cast their ballots,” Fox Business explains.

As the U.S. House Financial Services Committee chairwoman, Rep. Waters was reportedly the only federal politician to use such a practice during the 2020 general election cycle.

Enriching her family is nothing new for Auntie Maxine.

In 2004, the Los Angeles Times, in a story titled “Capitalizing on a Politician’s Clout,” wrote, “U.S. Rep. Maxine Waters’ family members have made more than $1 million in the last eight years by doing business with companies, candidates and causes that the influential congresswoman has helped.”

In addition to doing her daughter a million-dollar solid, Waters’ husband “has collected fees for opening doors with his wife’s political allies on behalf of a bond firm seeking government business,” The Times revealed, adding, “Son Edward Waters has shared in the slate mailer proceeds and has occasionally worked as a consultant to campaigns his mother supported.”

News of the latest payout to daughter Karen comes as Maxine Waters sits firmly in the hot seat over her praise of Sam Bankman-Fried (SBF), who is facing a slew of lawsuits connected to the collapse of his cryptocurrency exchange, FTX, and the loss of billions to consumers.

As chairman of the House Financial Services Committee, it falls to Waters to lead the investigation with Patrick McHenry (R-N.C.).

Her ability to do that in an impartial manner was called into question when a video of Waters blowing a kiss to SBF resurfaced, BizPac Review reported in mid-November.

On Thursday, BizPac Review reported — to the surprise of no one — that Waters has “no plans to subpoena” the FTX founder to testify.

Fueling speculation to a fevered pitch is the fact that SBF was one of the top donors to Democrats before the fall of his fraudulent empire. The only person who out-spent him was George Soros.

In a Tweet directed at SBF, Waters wrote on Dec. 2, “we appreciate that you’ve been candid in your discussions about what happened at #FTX. Your willingness to talk to the public will help the company’s customers, investors, and others. To that end, we would welcome your participation in our hearing on the 13th.”

Despite the ever-so-polite invite, Waters has declined to subpoena her disgraced pal.

 

Melissa Fine
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