Louisiana Treasurer John Fleming’s campaign filings show something a bit unusual: He lent his own Senate campaign $2 million in March, and then he took the money right back.
He says it’s part of his normal practice when running for elections.
“Two million dollars is a lot of money to sit into an account that has no return on investment and no interest,” Fleming told NOTUS. “So I put it back into my pool of investments, where it will grow. … Off the top of my head, I may have made [$10,000 to] $15,000 or more while that was sitting in my investment account. So why in the world would I let it be dead in a campaign account?”