(CNN) – The super PAC started by comedian Stephen Colbert has officially closed its doors, according to filings posted late Tuesday night on the Federal Election Commission's website.
Americans for a Better Tomorrow, Tomorrow Inc.– a super PAC created to mock the 2010 Supreme Court ruling that allowed such entities to form - raked in more than $1.2 million since its start-up in the summer of 2011, the reports showed.
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In a post on the super PAC's website, Colbert attributed the closing of the group to the "timely passing" of Ham Rove, the super PAC's adviser and chief strategist. The character is actually a large piece of meat that wears glasses and is meant to bear the likeness of Karl Rove, political strategist to former President George W. Bush.
"During this time of mourning, we ask that you respect our privacy, and more importantly, the privacy of our money. It wishes to stay out of the public eye, so please don't go trying to find it. Rest assured, you won't. We have a really good lawyer," the letter stated.
On his Comedy Central show, "The Colbert Report," the faux conservative's lawyer explained Monday how Colbert could shift the funds into a 501(c)4 organization, which is considered a private group that's not required to disclose donor information.
Tuesday's documents indicated that Colbert listened to the lawyer's advice, as a massive donation of $773,705 was given to the "Colbert Super PAC SHH Institute" on Monday, leaving the super PAC with zero dollars in the bank by the time of termination.
Colbert played up the role of his super PAC during the Republican primaries and mulled a fake presidential bid in South Carolina, his home state. When officials told him it was too late to campaign, he showed up in the state anyway ahead of its primary with former candidate Herman Cain, whose name was on the ballot even though he suspended his campaign a month earlier.
The group also purchased ads, including its inaugural ad last summer urging voters to back Rick P(a)rry, a parody on the law's stipulation that super PACs are not legally permitted to coordinate with a campaign or candidate.
Just another way for the rich to get richer! And it's legal! Mr. Colbert, guess this was your intention all along? Another of the really ugly things wrong with politics and the anonymous money that fuels it all. Why didn't you shift the money somewhere that might matter? Like the Red Cross? I'm sure that someone along the east coast would appreciate that help? Being that there was a hurricane and all. Or being so rich and out of touch did you not know that? Oh but of course, us little people would certainly not want to infringe upon your right as a rich person to amass more wealth. Will there be a trickle down? I mean, are you one of the Republicans "job creators"? Or do you just have a nice comfy featherbed to stuff?
Just wait, There is a punchline coming regarding this money.
Folks the root cause of this comes down to campaign finance laws.
The people rights for fair representation are being undermined by large campaign donators who pick and choose who will be our representatives. The two major parties pick and finance who they wish to run for office to represent you. Along with that the two major parties allow anyone or any business to contribute an unlimited amount of money to promote your representative's election.
Why should a billionaire from one state have the right to give money to a candidate in another state? The same goes for corporations, unions, special interest groups, PACs and lobbyists, why should they be allowed to pick and finance your elected representation when they do not even live in your community?
"We the People" need to have the power of our votes count again without the influence of the wealthy, special interests, PACs, unions and corporate money that cheats the voters of having a true choice.
I say that NO money can come from anyone other than individuals who live within the voter district the candidate wishes to represent. And those donations need to be restricted to a set maximum level so Billionaires do not pick and choose the winners.