Update: Below is the full text of the McDonnell “Restoration Fund” press release:
PRESS RELEASE / MEDIA ADVISORY
CONTACT: Jason Miyares / *** *** ****
For Immediate Release
LEGAL DEFENSE FUND FORMED TO COVER McDONNELL’S LEGAL EXPENSES
VIRGINIA BEACH, VA: Supporters of Virginia Governor Bob McDonnell have independently formed a legal defense fund to help cover legal expenses arising out of the Governor’s service in office and defending his record in office against attack.
Restoration Fund, chaired by Virginia Beach attorney Stanley Baldwin, was formed Wednesday as a Virginia nonprofit corporation that will operate as a political organization under section 527(e)(1) of the Internal Revenue Code. Donations to the fund are not tax deductible as charitable contributions for federal income tax purposes, and persons that contribute more than $200 will be disclosed to the IRS and made public on a regular basis.
The two other board members in addition to Baldwin are Tom Knox, successful Hampton Roads business man and entrepreneur , and Jason Miyares, also an attorney in Virginia Beach.
Restoration Fund will not accept contributions from any Virginia state employees, administration officials, board or commission appointees, or anyone who personally has or is a major shareholder, director, or executive of any entity with business before the Commonwealth.
Stan Baldwin released the following statement:
“We believe that Bob McDonnell has complied with the laws of Virginia as they relate to financial disclosures. For a decades-long public servant like Governor McDonnell, the legal fees being incurred by the investigations spurred by the case against the former mansion chef could be ruinous. The Governor’s friends want to ensure that he can wage a vigorous defense and clear his good name. Bob McDonnell’s over four decades of public service to Virginia and the nation, in the U.S. Army, as a prosecutor, Delegate, Attorney General and as Governor has always been one of leadership and conviction.”
Defenders of Governor Bob McDonnell, the few that are left, have set up a legal fund to assist the embattled Virginian in his defense fees. This is what happens when a politician is bitterly clinging to his office despite the rational decision to resign being readily available. From Amy Walter of the Cook Political Report on Twitter:
At the rate developments are coming out in the investigation, it appears that McDonnell is going to need to spend more in legal defense than he received in illicit gifts. The irony of that, at the end of the day, has to be pretty painful.