Posted on 02/06/2016 1:14:48 PM PST by Jane Long
Manchester, New Hampshire (CNN)A super PAC spending millions of dollars to bash Ted Cruz's Republican rivals is shielding the names of many of its top donors and strategists, accepting and directing donations through a particularly high number of hard-to-trace companies, new documents reveal.
Stand for Truth, Inc., an emerging player in the orbit of often clashing constellation of pro-Cruz super PACs, recently pledged to air more than $4 million in television ads to back Cruz in Iowa and South Carolina. Super PACs can accept unlimited contributions but are required to disclose their financial backers.
The twist here is that Stand for Truth has accepted more than $1 million in donations from corporations or limited liability companies, whose funders are difficult to uncover, meaning the original source of the campaign cash is hidden. While corporations can make donations to super PACs, an LLC allows individual donors to steer cash through easy-to-register, self-owned organizations.
"LLCs seem to be a new vehicle for laundering money into elections," said Paul Ryan, a campaign finance reformer worried about donors essentially using them as shell companies to transfer cash anonymously. "It's really hard to find out about LLCs. That's one of the reasons they've become popular."
Stand for Truth has largely operated quietly, not responding to questions about new television advertisements from media .....
SNIP
.....No leadership beyond the treasurer who filed its federal elections forms, a former counsel to Mitch McConnell named Eric Lycan, has publicly identified itself. Lycan has not responded to repeated requests for comment from CNN about the group's activities, and he declined to talk by phone this week. He did say in an email on Friday that the group was run by "consultants from across the country committed to electing a courageous conservative as our next President."
(Excerpt) Read more at cnn.com ...
Ping to post #178
Peter Theil is the co-founder of PayPal...one of CRuz’s largest donors, overall. Big time donor to Club for Mexico’s Growth, as well.
LOL.
What do these donors want with these donations?
What do they expect in return?
Well there you go.
Let’s get back to more the important stuff.......how many on this list borrowed money from Goldman Sachs or are Canadian or both?
For Cruz to win?? Just a guess..........
What do these donors want with these donations?
What do they expect in return?
Well, since the PAC’s treasurer is a Cheap Labor/COC guy...my guess is Cheap Labor and COC open borders favoritism.
What do these donors want with these donations?
........... Access, Access, Access
What do they expect in return?
........... Results, Results, Results,
They want more than that. It’s called crony capitalism.
or are Canadian or both?
*************
Never forget Cuban as we have two candidates with that tie.
Friend - you are supporting the candidate who openly tells you he donated to candidates to get things done for his private empire!!!
You are attaching crony capitalism to the wrong guy.
No doubt used his donations to buy whatever he was looking for.
Trump has readily admitted that.
So, Cruz’s donors are looking for more than hoping he wins.
I think its mocking not sniffing and whining. :-)
Q: How can you tell Ted Cruz has been to your house?
A: There’s a shaming letter on your front door.
These are regular people like you and me. Why can't they just want Cruz to win?
Furthermore, does that mean every contributor to any PAC now or before to any candidate ever wanted the same?
Being self funded by personal wealth is a luxury most politicians don't have. Your boy does. And he's on record for using that power to further his personal wealth.
We are now accepting CNN as Gospel?You Cruz people did, you accepted CNN as "Gospel" on the Carson rumor. Or was that CNN info from the Cruz camp a lie too?
It sure brings em out
Like flies on ______
Like moths to a flame
Do I hear heads exploding?
I see I’ve struck a nerve.
You don’t have the moral authority to tell me where or what to purchase with my hard earned money.
It’s none of your Damn business.
I have got news for you,
Cruz is not as pure as the driven snow.
What’s the difference? If he was born in Canada, no order, as chief executive, can be a legal order.
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