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- Apr 5, 2009
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The Federal Election Commission announced it is deadlocked 3-3 on lawsuits over LLC's contributions to super PACs without disclosing donors. The super PACs are required to release the names of donors but-----but the donors can be a newly formed 'shell' company created to hide the identities of the people and corporations that are actually giving the money.
“How ‘ghost corporations’ are funding the 2016 election”
March 18, 2016 8:50 pm by Rick Hasen
WaPo:
The 2016 campaign has already seen the highest rate of corporate donations since the Supreme Court unleashed such spending with its 2010 Citizens United v. FEC decision.
One out of every eight dollars collected by super PACs this election cycle have come from corporate coffers, including millions flowing from opaque and hard-to-trace entities, according to a Washington Post analysis of federal campaign finance filings.
So far, 680 companies have given at least $10,000 to a super PAC this cycle, together contributing nearly $68 million through Jan. 31, The Post found. Their donations made up 12 percent of the $549 million raised by such groups, which can accept unlimited donations.
<snip>
Many corporate givers this cycle are well-established hedge funds, energy companies and real estate firms. But a significant share of the money is coming from newly formed LLCs with cryptic names that offer few clues about their backers.
.
The Federal Election Commission announced it is deadlocked 3-3 on lawsuits over LLC's contributions to super PACs without disclosing donors. The super PACs are required to release the names of donors but-----but the donors can be a newly formed 'shell' company created to hide the identities of the people and corporations that are actually giving the money.
“How ‘ghost corporations’ are funding the 2016 election”
March 18, 2016 8:50 pm by Rick Hasen
WaPo:
The 2016 campaign has already seen the highest rate of corporate donations since the Supreme Court unleashed such spending with its 2010 Citizens United v. FEC decision.
One out of every eight dollars collected by super PACs this election cycle have come from corporate coffers, including millions flowing from opaque and hard-to-trace entities, according to a Washington Post analysis of federal campaign finance filings.
So far, 680 companies have given at least $10,000 to a super PAC this cycle, together contributing nearly $68 million through Jan. 31, The Post found. Their donations made up 12 percent of the $549 million raised by such groups, which can accept unlimited donations.
<snip>
Many corporate givers this cycle are well-established hedge funds, energy companies and real estate firms. But a significant share of the money is coming from newly formed LLCs with cryptic names that offer few clues about their backers.
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