Donations to super PAC supporting Ron Paul take dive

Ron Paul walks to his vehicle after holding a town hall style campaign event about 'Solving Detroit's Crises' at Temple Beth El, Little Rock Baptist Church on Feb. 27, 2012 in Detroit, Mich.
Joe Raedle/Getty Images
Ron Paul
Joe Raedle/Getty Images

The super PAC supporting Ron Paul called Endorse Liberty has taken a dive in both donations and spending in February compared to January.

Endorse Liberty raised $282,466 in February compared to $2.3 million in January. Meanwhile the super PAC spent $135,869 in February compared to $2.9 million in January.

Notably missing from the super PAC donors to Ron Paul is the billionaire donor Peter Thiel (venture capitalist who was first investor in Facebook) who had given Endorse Liberty $2.6 million to date. Thiel gave nothing in February. A spokesperson for Thiel, Jim O'Neil, told CBS News that the billionaire still supports Ron Paul for president. When asked if any additional Thiel donations would be forthcoming, O'Neil said he'd look into it.

The super PAC had $206,777 in cash on hand going into March according to Federal Eleciton Commission records.

Seventy percent of Endorse Liberty's money in February came from Margaret McMahon, of San Antonio, Texas, who gave $200,000.

The last nine expenditures for Endorse Liberty since February 21st were small dollar ad buys for online advertising with Facebook according to FEC records.