Posted on 02/06/2016 1:14:48 PM PST by Jane Long
Manchester, New Hampshire (CNN)A super PAC spending millions of dollars to bash Ted Cruz's Republican rivals is shielding the names of many of its top donors and strategists, accepting and directing donations through a particularly high number of hard-to-trace companies, new documents reveal.
Stand for Truth, Inc., an emerging player in the orbit of often clashing constellation of pro-Cruz super PACs, recently pledged to air more than $4 million in television ads to back Cruz in Iowa and South Carolina. Super PACs can accept unlimited contributions but are required to disclose their financial backers.
The twist here is that Stand for Truth has accepted more than $1 million in donations from corporations or limited liability companies, whose funders are difficult to uncover, meaning the original source of the campaign cash is hidden. While corporations can make donations to super PACs, an LLC allows individual donors to steer cash through easy-to-register, self-owned organizations.
"LLCs seem to be a new vehicle for laundering money into elections," said Paul Ryan, a campaign finance reformer worried about donors essentially using them as shell companies to transfer cash anonymously. "It's really hard to find out about LLCs. That's one of the reasons they've become popular."
Stand for Truth has largely operated quietly, not responding to questions about new television advertisements from media .....
SNIP
.....No leadership beyond the treasurer who filed its federal elections forms, a former counsel to Mitch McConnell named Eric Lycan, has publicly identified itself. Lycan has not responded to repeated requests for comment from CNN about the group's activities, and he declined to talk by phone this week. He did say in an email on Friday that the group was run by "consultants from across the country committed to electing a courageous conservative as our next President."
(Excerpt) Read more at cnn.com ...
It’s those Goldman Sachs style values, ethics and morals again.
It’s too easy sometimes.
Yes, it is...like when CRuz supporters post random tweets as thread sources. LOL.
Now, that’s a legitimate source.
Cruz has a history of recruiting dirty tricks operatives to his cause.
OMG Ted made an investment in something other than bibles for the poor?!!
Stop the presses!!
The others do not. They need to raise it and they have donors that want to give it.
If you don't like people donating to campaigns to voice their support of that candidate, their are other systems we can try.
Communism, National Socialism, Fascism.........
Amen!
Woohoo, right on right on. Trump 2016!! For all the right reasons.
You mean the NYers?
Can WE PLEASE TAG TEAM THE ENEMY??!!!!!
Can WE PLEASE TAG TEAM THE ENEMY??!!!!!
You sound as if you’re communicating from the Bush/Clinton basement.
Trump never swindled me out of a dime in tax dollars nor did he create corrupt laws and regulations which have choked the life out of and laid waste to Middle America. Like your lawyer/politician friends in D.C. have done.
Yes he would, but look at how he got to where he was, working for the Bush Administration, and then in the Senate where no one likes him...
I wonder, do they even like him in Texas? Was that why Palin went there and baled his butt out to win that Senate Seat, just to go in and call the Leader of the Senate a liar...whether or not (and I don’t) like McConnell, there are places of respect, and he shut the door on that one...
You sound as if you’re communicating from the Bush/Clinton basement.
Cruz never swindled me out of a dime in tax dollars nor did he create corrupt laws and regulations which have choked the life out of and laid waste to Middle America. Like your lawyer/politician friends in D.C. have done.
Now you are lumping all of us in together......not nice.
Trump - supported by Bob Dole AND Jimmy Carter! Aces!
That’s a reference to Ted Cruz taking money from gay guys. That’s a popular musical among...gay guys. Maybe they forced Cruz to attend a performance!
I’m kind of tired. Can I pew pew from a distance with lazer beams?
Okay...thought so. He’s perfectly fine with THOSE NY ‘values’ :)
Marco Cruzio
You’re suggesting your law clerk lawyer career politician candidate is completely innocent in this epic disaster. Cruz was just an innocent by-stander in D.C.?
He do nuffin wrong right!
Ya think anyone buys that claptrap?
I can’t wait to find out who dunnit! Who will they hang come morn?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.