Richard Walters began his career at the lowest rungs of the Republican National Committee when he was 23. Now, at 30, he’s the RNC chief of staff, earning far more than any other official there, including his boss, the chairwoman, and the top officials at the Democratic National Committee.
The rich compensation might have raised eyebrows — but for the fact that the RNC obscured it. Last year, Walters earned a salary of $207,558, but the party paid him an additional $135,000 through a shell company he established in December 2018 called Red Wave Strategies.
Federal Election Commission reports described the RNC’s payments to Red Wave as “political strategy services,” as if the money had flowed to an independent contractor and not Walters himself. Red Wave does not have other employees and has no clients other than the RNC. Continue reading.