Posted on 03/19/2019 12:04:45 PM PDT by Liz
Rep. Alexandria Ocasio-Cortez was quietly dropped as co-manager of a political action committee last week, just days after campaign finance experts questioned whether her role with the outside group was legal. Justice Democrats, a federal PAC that helped Ocasio-Cortez get elected to Congress last year, quietly filed corporate paperwork removing Ocasio-Cortez as one of the group’s “governors” in Washington, D.C., on Mar. 15, the Daily Caller reported on Monday.
The move came just days after campaign finance lawyers told the Daily Caller that Ocasio-Cortez’s position as a governor of Justice Democrats could be a legal conflict because the PAC also supported her congressional bid.
“If the facts as alleged are true, and a candidate had control over a PAC that was working to get that candidate elected, then that candidate is potentially in very big trouble and may have engaged in multiple violations of federal campaign finance law, including receiving excessive contributions,” former Republican FEC Commissioner Hans von Spakovsky told the outlet.
Ocasio-Cortez’s chief of staff Saikat Chakrabarti, who founded the Justice Democrats PAC, was also removed as a governor on Mar. 15, according to the records filed with the D.C. Department of Consumer and Regulatory Affairs. Current governors now include Justice Democrats Director Alexandra Rojas, Nasim Thompson, and Demond Drummer. Attorneys for Ocasio-Cortez told Snopes.com in March that the congresswoman left the Justice Democrats board in June 2018. However, the group’s corporate filings indicate that Ocasio-Cortez remained part of its corporate leadership until last Friday.
Ocasio-Cortez’s spokesman, Corbin Trent, did not respond to request for comment. A representative for Justice Democrats did not respond to request for comment. Ocasio-Cortez and Chakrabarti have been facing scrutiny for their involvement with the Justice Democrats and an associated PAC called Brand New Congress. The groups, which were founded by Chakrabarti, funneled over $1 million into companies controlled by Chakrabarti between 2016 and 2017, the Washington Examiner first reported earlier this month.
The National Legal and Policy Center, a government watchdog group, filed a complaint with the Federal Election Commission requesting an investigation into the unusual arrangement.
"Justice Democrats" also operates a “527 committee,” the same type of soft-money group that Ocasio-Cortez has said she would like to ban through a constitutional amendment, the Washington Examiner reported on Monday.
Huber is on top of this case. /s
Ping me when the FEC investigates the Twit’s activities.
Wonder what percentage of funds went to Cortez ?
You are right about that!
P-l-e-n-t-y......
She went from scrounging tips in a bar-room to wearing $2000 outfits in Congress.
Congress....where people spend millions to get a job that (nominally) pays thousands....
CASE IN POINT: Joe Biden is being marketed as middle-class Joe.......HAH---far from it.
‘Middle-Class Joe’ rakes in millions
The former Senator and Obama's VP has done quite well since leaving office in 2017.
By HOLLY OTTERBEIN and MARC CAPUTO 03/18/2019
“Middle-Class Joe” Biden has a $2.7 million vacation home in Delaware. Gets more than $100,000 per speaking gig
and has inked a book deal likely worth seven figures---snip---
AND THAT'S NOT ALL: One FReeper posted he was on a cruise in the V/I....they sailed passed an imposing mansion
which was said to belong to (cough) Biden's brother. Every few weeks a private plane carrying Joe and his wife
would land on the private airfield.
AND THIS---- During the Obama Admin, then-VP Joe Biden took his son Hunter on an official trip to China.
China then gave Hunter a billion dollar check....making it likely that Biden sold out the United States to China. (And what was Obama's cut of the deal?)
========================================
INSIDE THE SHADY PRIVATE EQUITY FUND OF BIDEN AND KERRY'S KIDS
EXCERPT--Peter Schweizer in his new book, “Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends,” details a number of ethical violations on both sides of the political aisle. One example: the little-noticed private equity firm run by the sons of Democrats Joe Biden and John Kerry, as detailed in this exclusive first excerpt.
The two men became close while serving for several decades together in the US Senate. The two “often talked on matters of foreign policy,” says Jules Witcover in his Biden biography.So their sons going into business together in June 2009 was not exactly a bolt out of the blue. But with whom their sons cut lucrative deals while the elder two were steering the ship of state is more of a surprise.
What Hunter Biden, the son of America’s vice president, and Christopher Heinz, the stepson of the chairman of the Senate Committee on Foreign Relations (later to be secretary of state), were creating was an international private equity firm. It was anchored by the multi-million Heinz family alternative investment fund, Rosemont Capital. The new firm would be populated by political loyalists and positioned to strike profitable deals overseas with foreign governments and officials with whom the US government was negotiating.
Hunter Biden, Vice President Joe Biden’s youngest son, had gone through a series of jobs since graduating from Yale Law School in 1996, including the hedge-fund business. By the summer of 2009, the 39-year-old Hunter joined forces with the son of another powerful figure in American politics, Chris Heinz. Senator John Heinz of Pennsylvania had tragically died in a 1991 airplane crash when Chris was 18. Chris, his brothers, and his mother inherited a large chunk of the family’s vast ketchup fortune, including a network of investment funds and a Pennsylvania estate, among other properties. In May 1995, his mother, Teresa, married Senator John Kerry of Massachusetts. That same year, Chris graduated from Yale, and then went on to get his MBA from Harvard Business School.
Joining them in the Rosemont venture was Devon Archer, a longtime Heinz and Kerry friend. The three friends established a series of related LLCs. The trunk of the tree was Rosemont Capital, the alternative investment fund of the Heinz Family Office. Rosemont Farm is the name of the Heinz family’s 90-acre estate outside Fox Chapel, Pennsylvania. The small fund grew quickly. According to an email revealed as part of a Securities and Exchange Commission investigation, Rosemont described themselves as “a $2.4 billion private equity firm co-owned by Hunter Biden and Chris Heinz,” with Devon Archer as “Managing Partner.”The partners attached several branches to the Rosemont Capital trunk, including Rosemont Seneca Partners, LLC, Rosemont Seneca Technology Partners, and Rosemont Realty. Of the various deals in which these Rosemont entities were involved, one of the largest and most troubling concerns was Rosemont Seneca Partners.
Rather than set up shop in New York City, the financial capital of the world, Rosemont Seneca leased space in Washington, DC. They occupied an all-brick building on Wisconsin Avenue, the main thoroughfare of exclusive Georgetown. Their offices would be less than a mile from John and Teresa Kerry’s 23-room Georgetown mansion, and just two miles from both Joe Biden’s office in the White House and his residence at the Naval Observatory. In short, the Chinese government was literally funding a business that it co-owned along with the sons of two of America’s most powerful decision makers.
--SNIP--rest at source
Chris Heinz (left) with John Kerry at a campaign fundraiser,
April 16, 2004./ Dennis Van Tine
Hunter and Dad, Joe Biden.
SOURCE ://nypost.com/2018/03/15/inside-the-shady-private-equity-firm-run-by-kerry-and-bidens-kids/
=================================
Hunter Biden also had connections to jailed crook Allen Stanford
WSJ, By Susan Schmidt, Steve Stecklow and John R. Emshwiller, Feb. 24, 2009 12:01 a.m. ET
A fund of hedge funds run by two members of Vice President Joe Biden's family was marketed exclusively by companies controlled by Texas financier R. Allen Stanford, who is facing Securities and Exchange Commission accusations of engaging in an $8 billion fraud.
The $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and a Stanford Financial Group entity and was known as the Paradigm Stanford Capital Management Core Alternative Fund. Stanford-related companies marketed the fund to investors......--snip--rest at WSJ paywall
The $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and a Stanford Financial Group entity and was known as the Paradigm Stanford Capital Management Core Alternative Fund. Stanford-related companies marketed the fund to investors......--snip--rest at WSJ paywall
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