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 ...
Reminds me of this other pro-CRuz PAC....
http://thetrumpreport.com/2016/01/25/the-trump-report-an-unprincipled-pac/
We are now accepting CNN as Gospel? Why not Solon or NPR? What ever floats your boat.
It’s time for this purely honest and above board, morally superior candidate to publish the list. Since he has claimed higher standards, he should be held to higher standards. There’s nothing unfair about that. He should welcome the chance to display his transparency to the voters.
Dirty tricks again from Cruz.
I guessing Goldman Sachs is one of the hidden donors along with a few
more corrupt Wall Street Banks.
“You just linked Cruz and McConnell.
Quite possibly the most ridiculous thing ever posted here and rivals “Trump is the next George Washington.â€
_________________________________
Here, here!
Scratch that “principled conservative” and make it “courageous conservative.”
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Good one!
Wow.
“”LLCs seem to be a new vehicle for laundering money into elections,” said Paul Ryan, a campaign finance reformer”
Paul Ryan...yeah, he’s a reformer on campaign finance like McCain was...muck it up even worse! And he ought to know...he benefits from these $ laundering pacs.
I will bet you 10 bucks, that it’s the Rove/Norquist K street $$$ laundering organized crime syndicate. The donation/money laundering that goes on is incredible. Ralph Reed, the ‘Christian’ coalition is part of it too, just to con the religious right.
These donors are kept secret for only one reason...so we don’t know who they are!
He is polling 7 percent and is in 6th place.....doesn’t seem to have helped. Waste of money from another PAC and campaign.
Bullcrap, “higher standards”. Ted uses every vehicle available to get his Constitutionalist message out. Good for him.
lol
Based on a former staffer? You posted with that intention......just own up to it. It’s fine if you feel that way.....even if totally ridiculous.
Maybe just as stupid as linking Trump with Jimmy Carter. Oh wait..........
Pardon???
I don’t know what bee got up your britches, but you’re making statements that make no sense.
Which word didn’t you understand?
ROTFLMAO. Cruz knows nothing about the law that he can't get to the line between right and wrong.......he always picks wrong. He will take it to the limit of legal. I think it was his growing up.....he probably put on this “perfect” presentation in front of everyone but behind the scenes he was a sneak. It has followed him to adulthood.
He’d probably appreciate it if his supporters didn’t set a negative tone as well.
“We are now accepting CNN as Gospel? Why not Solon or NPR? What ever floats your boat.”
That’s it, kill the messenger! PATHETIC.
There are many more sources....like Newmax, does that float yer boat? You don’t point out any errors....just your opinion. Once in a while the lefties are right. They’re right about Ted Cruz.
Have you any condemnation of smarmy Pacs for Cruz refusing to tell us who supports him? I know, silly question.
;-)
Would love to know where that money was coming from, looks like a concerted effort to hide it.
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