Billionaire props up pro-Santorum 'super PAC'

Wealthy backer tries to keep candidate's campaign alive

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Republican presidential candidate, former Pennsylvania Sen. Rick Santorum speaks at a campaign town hall in Northfield, N.H.

Elise Amendola/AP

The patriotically named Red White and Blue Fund, a super PAC created to support former Pennsylvania Sen. Rick Santorum's bid for the White House, only managed to raise about $730,000, according to a Federal Election Commission filing.

Of the total, $331,000 came from Foster Friess, an investor from Jackson, Wyoming.

Thus far, all the group's spending has been in support of Santorum, with one big exception. The day before the South Carolina primary, the group spent $1.1 million on an anti-Gingrich telephone campaign, according to FEC records.

Friess told iWatch News Tuesday that he donated at least another $250,000 in January to match what the fund raised from a recent mailing soliciting support from a group of 5,000 "sportsmen."

“We just sent a second mailing to the same list,” Friess said, noting that he’ll match the funds that this mailing brings in as well.

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