How ‘ghost corporations’ are funding the 2016 election

The Washington Post ^ | March 18, 2016 | Matea Gold and Anu Narayanswamy

[yoe]

Two days before Christmas, a 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.

But 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.

([The FEC just made it easier for super PAC donors to hide their identities])

[yoe]

More of Obama's carelessly run government....? Is this part of the status quo the Washington insiders are fighting so hard to keep?

[EEGator]

Thank DuPont money.

[bert]

how about soprano money?

the candidate is after all in New Jersey

[E. Pluribus Unum]

And yet unions get to do anything they want, because the support Demonorats.

[EEGator]

I meant for the lax laws in DE.

[bert]

got it...

[ClearCase_guy]

I suspect that a lot of Arab money sloshes around in US election financing. Our entire government seems focused on establishing a caliphate. It’s definitely weird.

[RIghtwardHo]

They’ve been doing this for decades and ESP since the Citizens United disaster.

Ppl act like this is news.

[Vaduz]

Many were formed just days or weeks before making six- or ­seven-figure contributions — an arrangement.

Every congressman and senators best friend they are.