HOW ‘GHOST CORPORATIONS’ ARE SECRETLY FUNDING THE 2016 PRESIDENTIAL ELECTIONS
The individuals behind the “ghost corporations” appear to face little risk of reprisal from a deeply polarized Federal Election Commission, which recently deadlocked on whether to even investigate such cases. Advocates for stronger campaign-finance enforcement fear there will be even more pop-up limited liability corporations (LLCs) funneling money into independent groups, making it difficult to discern the identities of wealthy players seeking to influence this year’s presidential and congressional contests
by Geoffrey Grider
NowTheEndBegins.com
March 19, 2016
TWO DAYS BEFORE CHRISTMAS, A GHOST CORPORATION TRUST CALLED DE FIRST HOLDINGS WAS QUIETLY FORMED IN DELAWARE, WHERE CORPORATIONS ARE REQUIRED TO REVEAL LITTLE ABOUT THEIR WORKINGS.
A day later, the entity dropped $1 million into a super PAC with ties to Jersey City, N.J., Mayor Steven Fulop, a Democrat considering a gubernatorial bid. The trust, whose owner remains unknown, is part of a growing cadre of mystery outfits financing big-money super PACs. Many were formed just days or weeks before making six- or seven-figure contributions — an arrangement that election law experts say violates a long-standing federal ban on straw donors.
NO SUPER PACS HERE
The Rest…HERE
