Two brothers were arrested Thursday on charges they fraudulently presented more than a half-dozen political action committees they controlled as advancing a host of causes, from supporting law enforcement to pro-choice advocacy, when in reality virtually none of the $23 million they raised since 2014 went towards political contributions, federal prosecutors claim.
William Tierney and Robert Tierney founded and directly operated six PACs, and oversaw the handling of at least three others, according to the U.S. Attorney’s Office for the Southern District of New York. Over the past decade, the PACs raised more than $50 million from tens of thousands of donors. But for every dollar raised, U.S. Attorney Geoffrey Berman of the Southern District of New York said less than a cent actually went towards political efforts. The defendants, however, allegedly walked away with more than $3.5 million.
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