Posted on 05/14/2018 9:29:39 AM PDT by Oldeconomybuyer
Payments from Hillary for America to ZFS Holdings LLC, Clinton's Delaware-based entity, are marked as 'rent' and began last May.
Hillary Clinton has sent $150,000 in leftover funds from her presidential campaign committee to a limited liability company that was established to manage her book and speaking income, filings show.
Clinton registered ZFS Holdings LLC, a Delaware-based LLC, on Feb. 8, 2013, just days after leaving the State Department, records filed with the Delaware Division of Corporations show. Later, in April 2014, paperwork was filed with New York State's Department of State.
ZFS's listed agent on its Delaware forms is the Corporation Trust Company, a wholly owned subsidiary of Wolters Kluwer, a Netherlands-based global company that provides services to legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare clients.
The agent's address, which is used by more than 285,000 companies, including Trump business entities, is known as an epicenter of U.S. corporate secrecy.
The first transaction from the committee to ZFS was made on May 4, 2017 in the amount of $32,929.28, nearly six months after Trump had defeated Clinton. Each payment from the committee to ZFS was marked as "rent."
Seven additional payments were made ranging from $9,617.87 to $36,369.39. The most recent payment to ZFS, for $20,822.92, was made on March 15, filings show.
The campaign has pushed $149,456.78 to ZFS Holdings since early May of last year.
(Excerpt) Read more at freebeacon.com ...
Shades of ole’ Jim Wright.
I think it’s time for euthanasia then. Libs love them some euthanasia. Put the old bitch out of her misery, and take the Clinton Foundation cash to lower the deficit. Libs are always in favor of paying higher taxes and making it where you can’t pass anything on to your family.
What can politicians do with unused campaign funds?
The general rule for the use of excess campaign funds after a federal lawmaker leaves office is that the funds cannot be used for personal expenses. They must be put toward political or charitable uses. The following sections detail the options for federal campaign committee funds once a candidate ceases to hold office.
Pay for winding-down cost
Campaign funds can be used to “wind down” the office of a federal lawmaker. According to the FEC, winding-down costs are “ordinary and necessary expenses incurred in connection with one’s duties as a federal officeholder” and can include moving costs, payments to campaign committee staff, or “gifts ... [or] donations of nominal value to persons other than the members of the candidate’s family.” These winding-down costs are only applicable for six months after an officeholder leaves his or her position.
Donate the funds to a recognized charity
One option for unused campaign funds is to donate them as a charitable contribution. In the 1979 amendments to FECA, charitable contributions are defined as donations to groups described in section 170(c) of the Internal Revenue Code. This includes contributions for use by the state, recognized nonprofit organizations, and other organizations not designed for private interests.
After his retirement in 2013, former U.S. Sen. Joe Lieberman (I-Conn.) used the remaining funds from his campaign account for charitable purposes, starting the Joe Lieberman Connecticut Scholarship Fund. He also spent some of the money organizing his personal and professional papers for donation to the Library of Congress.
This option also includes creating a nonprofit organization with the leftover campaign funds. In 2008, former Rep. Ron Paul (R-Texas) used the remaining money from his presidential campaign to form the Campaign for Liberty, a 501(c)(4) nonprofit.
Donate to other politicians’ campaign committees
Unused funds can also be donated to other candidates’ committees, but such donations are subject to state laws on contribution limits where applicable. Federally, these donations are limited to $2,000 to a single candidate's committee each year, according to the Center for Responsive Politics.[11]
Donate to party activity at the federal, state, or local level
Federal law allows for unlimited transfers of unused campaign funds to federal, state, or local parties and party committees.
Do nothing
A former legislator does not have to do anything with remaining money in his or her campaign account. This was the case with Bayh until 2016, as he rarely donated any money to candidates or party activities. In 2015, The Atlantic reported that Bayh “donated to a handful of past Senate and House campaigns” but that these donations were largely offset because “interest keeps replenishing Bayh’s account as he spends and donates from it.” The article also reported other former lawmakers who had campaign funds and had chosen to do nothing with them at the time. These lawmakers included former U.S. Reps. Joe Kennedy II (D-Mass.), Michele Bachmann (R-Minn.), and Mark Foley (R-Fla.).
Thanks for the heads-up....I swear, the crooked Clintons have more ways to accumulate money.
Remember Billyboob’s “pass through” account?
Money deposited in the AM was emptied out by nightfall.
Money could have landed anywhere....offshore, in numbered bank accounts, in payoffs, as Obama’s cut of the scams......a zillion places.
Guess they’re onto him (smirk).
What usually happens to cash leftover from a campaign?
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