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 ...
But Cruz is a principled conservative and does not owe his sugar daddies anything!
I also have a very nice ocean front villa in Kansas for sale at half price!
Pro-CRuz/Anti-Trump and Rubio PAC ping.
Interesting info....on how discreet this PAC is, at link.
Thanks for the info. Just another indication that Cruz is an oily and untrustworthy SOB.
You just linked Cruz and McConnell.
Quite possibly the most ridiculous thing ever posted here and rivals “Trump is the next George Washington.”
Stand for ‘hidden’ Truth.
These people grow tiresome.
You have to vote for Ted to find out who he’s beholden to. LOL!
Cute...an oceanfront villa in Kansas.
THE ARTICLE just linked a former aide to McConnell.
Nice try.
Should I hold my breath waiting for Cruz to do that?
I’m not the one who linked CRuz and McConnell. Did you even read the article?
It’s clearly spelled out.
You forget——this fine upstanding Christian strapped on the armor of God to win Iowa (/snix).
The super PAC seems to be evident here on FR with all the dirt being thrown on other candidates in constant spamming posts. super PAC shills are hard at work here for Cruz.
These people grow tiresome.
Who, CNN? Or the PAC donors?
Cruz cash audit bump for later....
LOL....don’t hold your breath!! We need your sage advice and informative posts, here :)
Seniors, do you know Cruz wants to cut your Social Security
benefits?
Freepers who say “Cruz is my number two!”, and then incessantly post anti-Cruz smears from CNN, HuffPo, TalkingPoints Memo, etc.
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