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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.
This is going to be fun to watch.
Or, just ask the donor to write the check to “Brand New Congress” and deposit wherever.