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How ghost corporations are funding the 2016 election
Key Excerpts from Article on Website of Washington Post
Posted: March 27th, 2016
https://www.washingtonpost.com/politics/how-ghost-corporatio...
A trust called DE First Holdings was quietly formed in Delaware. A day later, the entity dropped $1 million into a super PAC. 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 ... violates a long-standing federal ban on straw donors. But the individuals behind the ghost corporations appear to face little risk of reprisal from [the] Federal Election Commission. 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. Such groups, which can accept unlimited donations ... are on track to far exceed the $86 million they gave to super PACs in the entire 2012 presidential cycle. A significant share of the money is coming from newly formed LLCs. Several campaign finance watchdog groups have filed complaints with the FEC against the recent pop-up LLCs, but the chances of the agencys looking into the cases appear slim. Last month, the agency closed a nearly five-year-old complaint about a limited liability company allegedly used to mask a donors identity unable to even agree whether it merited investigation.
Note: The "Koch Empire" alone plans to spend $889 million on US elections in 2016. For more along these lines, see concise summaries of deeply revealing news articles about elections corruption and the manipulation of public perception. Then explore the excellent, reliable resources provided in our Elections Information Center.
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