Convicted Ponzi schemer Steven Hoffenberg filed a Federal Election Commission report Tuesday stating his super PAC intends to coordinate a $50 million marketing campaign in support of Donald Trump.

It's the first time the chairman of TowerInvestors.com and former New York Post owner has explained why he founded the Get Our Jobs Back Inc. PAC in April.

The FEC filings indicate the Statware Inc. company plan to make a donation of $50 million in services ranging from "digital media marketing" to "revenue sharing," according to Politico.

It's pennies in the bucket for Hoffenberg, who in late May predicted his PAC would raise $1 billion dollars for Trump

"The Trump Super PAC team staff will raise over $1 billion Dollars with expert stock brokers in the USA for the White House race victory by Trump now," PAC CEO Steven Hoffenberg said.

The mega-millionaire once did prison time for stealing $475 million from investors. Hoffenberg says he understands why voters support Trump.

"Voters don't want any more foolish media TV experts spin, voters need jobs and money right now in the broken USA. The voters need loans to open small companies that are the foundation of the USA industry. Trump is the only expert in Jobs, and the voter's small businesses demanding loans," Hoffenberg added. "Media TV experts don't understand the demanded jobs right now by the voters."