This comes from the far right wing and often hilariously error prone Newsmax, so take it with a grain of salt. I somehow got on their email list a while back, and take a quick look on a daily basis as a kind of quick opposition research.
Here, then, according to Newsmax
Internal RNC Probe Finds Disarray
Barely 6 1/2 months before the midterm elections, an internal investigation by the Republican National Committee has revealed that the organization is beset with questionable financial management and oversight and is spending more money courting top-dollar donors than it raises.
The investigation found that the Republican Party's national governing body is losing money on its major-donors' fundraising program -- spending $1.09 for each $1.00 raised, according to RNC members privy to the investigation's findings. It typically costs about 40 cents for every dollar raised from donors who give more than $1,000.
The investigation also found that the RNC has allowed employees to forge Finance Director Rob Bickhart's initials on expense-reimbursement request approvals, according to an RNC member who spoke on the condition of anonymity for fear of retaliation. The RNC's top elected and appointed management have united in defense of the committee's practices. RNC Chairman Michael S. Steele can withhold or increase RNC contributions to a state party.
The Washington Times obtained a copy of a report on the investigation -- prepared by RNC Treasurer Randy Pullen -- that he sent to the 28-member RNC Executive Committee before a conference call hastily scheduled for Wednesday afternoon by Mr. Steele's office. It includes some of the findings.
RNC communications director Doug Heye disputed the fundraising figures when reached for comment about the report. He said year-to-date the RNC has received $2,649,586 from major donors at a cost of $1,832,642, netting the organization more than $800,000.
The report goes on to talk about other scandals, such as that of "widespread employee abuse of RNC-provided American Express cards" and forged checks.
Seems that the GOPs criminals look for victims anywhere they can, even within.
The sloppiness of the Michael Steele administration; the gift that keeps on giving!
UPDATED: I wanted to see what more I could learn about the background of a "finance director" who would be stupid enough to allow underlings to forge his signature, and sure enough, Robert Bickhart is a Michael Steele flunky. Here is a bit more context of how Steele operates; again, this is idiotically funny.
Steele also nearly emptied the RNC’s finance department, ignoring the usual custom for an incoming chief of naming a new director but keeping on aides who can maintain relationships with party donors.
Steele’s first attempt to fill the critical finance director position backfired when, two weeks after naming to the post Tim Crawford, a relative unknown in political circles who also serves as treasurer of a PAC set up by Sarah Palin, Steele fired him under mysterious conditions that neither Crawford nor anyone at the RNC will talk about.
After retaining a headhunter to search for a successor, Steele hired Pennsylvania lobbyist and political operative Robert Bickhart for the job after offering him a compensation package that pays him more than $196,000 annually, plus consulting fees that have topped $262,000 and the freedom to split his time between Washington and Philadelphia, sources said.
Bickhart has come under fire twice in the past six weeks. First it was for a fundraising presentation he made that featured images depicting President Barack Obama as the Joker from "Batman,", then for allowing reimbursement of a bill racked up by a group of young RNC donors at a bondage-themed nightclub in West Hollywood.
Although one of his subordinates, Allison Meyers, was fired for the young donor event, Bickhart is still in his job.
There is also this juicy nugget
When Steele took over, the RNC had $15 million in cash in the bank and no debts. A year later, Steele’s RNC had raised $109 million but spent $115 million, cutting the party’s cash reserve to $9 million rather than building on it in anticipation of the midterms. The DNC, by contrast, has defied historic trends by keeping pace with the RNC fundraising and now has $10 million in cash.
We Democrats should write a song in praise of Michael Steele ;-)