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VELOCITY · BALLOT MONEY · FLORIDA · OCTOBER 21, 2026

The Speaker's Last Check

Two days after he took the oath as ambassador to Brazil, the former Florida House speaker's committees sent $7.26 million to a national Republican group. The Old Goat read who had paid into them: tobacco, a private-prison company, a prediction market, a gun maker and a sweepstakes casino among them. Within weeks, the group's election fund sent $4.2 million back into Florida politics and $2.1 million to Colorado.

OldGoat InTheHood · theyknewfirst.com · October 21, 2026

$7,262,850 TO GOPAC · AUG. 27 316 FLORIDA DONOR ENTRIES PULLED FL DOE + IRS + FEC RECORDS 13 DAYS TO NOV. 3
HOW TO READ THIS. DOCUMENTED means the Old Goat read the filing itself: the Florida Division of Elections' contribution records and committee summaries, GOPAC Inc's IRS Form 8872 reports, and GOPAC Election Fund's FEC reports. REPORTED means it comes through news coverage. INFERENCE is the Old Goat's reading. The limit that runs through everything below: political money is pooled. No record traces one donor's dollar from Tallahassee to Colorado, and nothing here shows a broken law.

The Man and the Date

REPORTED. Daniel Perez, a Miami Republican, was speaker of the Florida House from 2024. The president nominated him as ambassador to Brazil on June 1, 2026. The Senate confirmed him on Aug. 7, 51 to 47, in a single vote on about 74 nominees. His resignation from the House took effect Aug. 21, and on Aug. 25 he took the oath of office at his old high school in Miami. Brazil has not given the formal consent an ambassador needs, so he has not taken up the post. WLRN → CNN Brasil →

DOCUMENTED. Florida's Division of Elections lists Daniel A. Perez as chairperson of two political committees, Conservatives for a Better Florida and Miami United PC. Both share a treasurer, Anthony Fiore, and a suite on Salzedo Street in Coral Gables, and both were still listed as active this week. On Aug. 27, two days after the oath, GOPAC Inc's IRS report records $6,377,850 from the first and $885,000 from the second. Committee record → GOPAC's donors →

Who Paid In

DOCUMENTED. The Florida contribution records for Jan. 1, 2025 through Oct. 20, 2026 show 255 entries to Conservatives for a Better Florida, totaling $6,230,441.92 with bank interest and in-kind items included, and 61 entries to Miami United PC, totaling $763,750. That second figure matches the committee's own report summaries to the dollar. Many of the largest givers to the bigger committee were other Tallahassee political committees, which hides the original donor one more layer down. The companies that gave in their own names include these; each row below was checked by a direct search of the state records for that donor:

Donor (as filed)What it doesGave, 2025–26
MasTecInfrastructure contractor, Coral Gables$200,000
U.S. Sugar Corp.Sugar grower$150,000 (both committees)
Associated Industries of Florida committeesBusiness lobby$525,000
NextEra Energy Capital HoldingsParent of Florida Power & Light$75,000
Centene ManagementMedicaid managed care$75,000
Altria Client ServicesTobacco (Philip Morris USA's parent)$75,000
RAI ServicesTobacco (Reynolds American)$70,000
Sig SauerGun maker$50,000
VGW LuckyLandOnline sweepstakes casino$50,000
Related SoutheastReal-estate developer$50,000 (Miami United)
The GEO GroupPrivate prisons and immigrant detention$35,000
Kalshi Inc.Prediction market (listed as "financial exchange")$25,000
Underdog Sports HoldingsFantasy sports and gaming$25,000 (Miami United)
Brightline Trains FloridaPassenger rail$25,000 (Miami United)
Bitcoin DepotBitcoin ATMs$10,000

DOCUMENTED, the date. Many of these gifts are dated Jan. 12, 2026, including Kalshi, Sig Sauer, VGW, RAI, MasTec's second $100,000 and GEO's second check. Gifts of $10,000 or more to Conservatives for a Better Florida that day came to about $1.44 million. REPORTED: Jan. 12 was the day before the 2026 session opened, and Florida legislators may not raise money during session; reporter Jason Garcia counted about $14 million banked by lawmakers that one day, including $50,000 from Sig Sauer to committees Perez controlled. Seeking Rents →

REPORTED, for context only. Bills to ban online sweepstakes casinos failed in that session; in August Florida's attorney general sued VGW over its sweepstakes games in state court. Nothing in the records shows that VGW's gift, or any other, changed a vote. Some of these donors are long-time givers, not new ones: GEO Group has given the committee every year since 2018, and Centene since 2019. AG suit →

DOCUMENTED, the denominator. Conservatives for a Better Florida took in about $6.23 million over those 21 months and gave GOPAC $6.38 million in one day; Miami United took in $763,750 and gave $885,000. Each gift was bigger than everything the committee raised in 2025 and 2026, so part of it was money banked before. Florida's weekly summaries for Aug. 22 to 28 show $6,378,060 and $885,210 leaving the two committees. Every week since, each shows $175. Florida summaries →

Where It Went Next

DOCUMENTED. GOPAC Election Fund filed its October report with the FEC on Oct. 20, covering September. It shows $19.4 million from GOPAC Inc that month: $6 million on Sept. 1, five days after the Florida gifts landed, then $3.87 million, $2.6 million, $4.15 million, $625,000 and $2.18 million. The fund paid out $18.4 million that month, nearly all of it to state committees and candidates. By the recipient's address, the largest sums went to Maryland ($4.8 million), Florida ($3.4 million, including $219,158 to a Tampa media vendor), Minnesota ($3.2 million) and Colorado ($2.1 million). Byron Donalds's PAC, which files from a Massachusetts address, got $1 million more. Counting Florida committees and the Donalds PAC, $4.2 million went back into Florida politics. FEC report →

DateGOPAC Election Fund paidAmount
Sept. 1Seniors First Florida (Tallahassee)$2,500,000
Sept. 2Protecting Florida's Progress (Tallahassee)$665,000
Sept. 2Friends of Byron Donalds PAC$500,000
Sept. 29Friends of Byron Donalds PAC$500,000
Sept. 22Brighter Colorado$500,000
Sept. 22Coloradans for Accountable Government$450,000
Sept. 22Colorado Strong$100,000
Sept. 2, 22, 29Senate Majority Fund (Colorado)$1,040,000

DOCUMENTED. Florida's records list "Tom Piccolo" as chairperson of Seniors First Florida and "Thomas Piccolo" of Protecting Florida's Progress; both name Noreen Fenner as treasurer at the same Tallahassee address, so the Old Goat treats them as one person. Friends of Byron Donalds PAC backs Byron Donalds, who won the Republican primary for governor on Aug. 18 (REPORTED). Ballotpedia → REPORTED: the Bradenton Times reported earlier that Perez's two committees had together given $1 million to the same Donalds PAC. Bradenton Times →

INFERENCE. Read together, the records describe a loop. Florida companies and lobbyist committees paid a Florida speaker's committees; on his way out of office those committees handed the balance to a national group in Virginia; that group's election fund then sent millions back into Florida races, including the governor's race Perez's committees had already funded, and more than $2 million into Colorado ballot and legislative fights. The money is pooled with GOPAC's other donors, so the Old Goat cannot say whose dollar went where. A Florida donor who gave to the speaker in January could not have known it might help pay for a Colorado ballot campaign in September.

Why It Matters Here

DOCUMENTED. Three of the donors already sit in this site's files. Kalshi is the prediction market tracked on the Kalshi Markets page. GEO Group is in Detention Inc. RAI and Altria gave to GOPAC Inc directly as well as through Perez, as shown in One Treasurer, Two Checks. Centene, which gave Conservatives for a Better Florida $25,000 each on Feb. 28, 2025, Dec. 4, 2025 and Jan. 12, 2026, is the company whose $10 million payment to the Hope Florida Foundation the Florida House investigated in April 2025, with Perez as speaker (REPORTED, Florida Phoenix); Centene has given the committee regularly since 2019; the site tracks it in Open Investigations. The records show the gifts and the probe side by side; they do not show that one bore on the other. DISCLOSURE: GOPAC Inc's donors also include Anthropic, which makes Claude, the AI system the Old Goat uses to research and draft these dispatches. Anthropic's gift is part of the same pooled money described above.

OPINION. State campaign-finance limits exist so that voters can see who is buying access to whom. A committee that collects from prison operators, gamblers and gun makers on the eve of a session and then sends the balance out of state after its chairman leaves office turns those limits into a relay race. Each hand-off is reported somewhere. No single filing tells a voter in Colorado, or in Florida, who is paying for what they see.

Ongoing Review

The Old Goat will revisit this dispatch from time to time to verify what's written here, and leaves it to the reader to draw their own conclusions from the information presented. Open items: Florida's itemized expense lines for the two Aug. 27 payments; who authorized them while the state still listed Perez as chairperson after his oath; Perez's ethics agreement (the Office of Government Ethics releases it on request); who funds Seniors First Florida and what it backs; the donors behind the Tallahassee committees that gave the most; GOPAC Election Fund's pre-general report, due Oct. 22.

One speaker. One oath. One check on the way out.

Behind the curtain, no wizard to find. Just a thunder organ, a wallet, and scaffolding left behind.

The noise is the point. The scaffolding is the story.

Confirmed Sources