Lots and lots of money was raised from political action committees controlled by Ocasio-Cortez and her campaign manager----Saikat Chakrabarti----now her congressional chief of staff.
Saikat Chakrabarti then established an LLC----a for-profit company that does not require reporting its finances. Apparently with all the scrutiny Chakrabarti has since closed his company doors.
Chakrabarti may have closed down the LLC....but are the company's bank accounts still open?
B/c the LLC bank accounts were used to convert campaign donations to spending money for those involved including AOC. (see details below)
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The FEC complaint asserts that AOC's COS, Saikat Chakrabarti, early on established two PACs that raised big bucks for AOC's campaign:
<><> the "Brand New Congress PAC,"
<><> the "Justice Democrats PAC."
After mucho money was raised, Chakrabarti systematically transferred $885,000+ in PAC contributions to his private companies with similar names:
<><> the "Brand New Campaign LLC,"
<><> the " Brand New Congress LLC."
Saikat Chakrabarti's LLC's (private companies), unlike PACs, are exempt from reporting all of their significant expenditures.
NOTE WELL: it's a much-used criminal act to enrich oneself, to open bank accounts using similarly named
entities to siphon off money, to hide it from partners, associates, investors, etc.
SIPHONINGS A CINCH It's easy to siphon off money for oneself by putting checks into the new accounts with similar names, depositing checks that were made out to
the original entity. Even your bank advises that if a check-writer "mis-spelled" your name, to just endorse the check with the correct name.
AND PRESTO: a check made out to Brand New Congress PAC, is deposited in the Brand New Congress LLC account.
What will be interesting is to see who rolls over on whom when some serious pressure is applied. We know AOC is just a performer, but she’s got a big mouth and ego to match and no doubt will demonstrate a strong self-preservation instinct.
Chakrabarti is a shrewd dude, brilliant some say, and clearly in a different league IQ-wise. But he is an unknown, and his only political value is through her. So who will care if Edgar Bergen gets snuffed out as long as their beloved Charlie McCarthy continues to perform?
Which is to say, if the tail gets pinned on AOC, she’s done. But if it Chakrabarti gets the short straw, then she’s done anyway, eventually. A parasite can’t live without a host.
LLC bank accounts were used to convert campaign donations to spending money.
She’s pure democrat they trained her well. The rats miss the old scam of cashing a $30,000 check for a book of stamps.