Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: deport

From the article, at link....

There is no evidence that routing the LLCs was a coordinated attempt to avoid disclosures, but the amount of cash donated is substantial.

Of the 29 individual contributions made to the group between Nov. 20 and Dec. 31, more than half of the gifts were not immediately connectable to an individual donor, the FEC report shows. On December 21, for instance, five seemingly identical donations in equal increments of $50,000 came from five different LLCs — “LL Baltimore, LLC”; “LL Fort Wayne, LLC”; “LL Peoria, LLC”; “”LL West Allis, LLC’ and “PF Fort Myers LLC.”

Many of the individuals plotting the group’s plans remain unknown as well. The individuals receiving payment from Stand for Truth are all being paid through similar entities, with all but one company receiving payment using a limited liability companies or a limited liability partnership to accept the funds.

Finding the LLC backers

It is not uncommon for vendors to receive payments from campaigns through groups like these, and some of those firms are easily identifiable, such as Lycan’s Kentucky-based law firm, Dinsmore and Shohl.

But LLCs are more difficult to crack. The Texas-based “Stalwart Advisory LLC” and Robinson’s “One Harbor LLC” that the group used as consultants are not visible to the public without sleuthing through Texas public records. Stalwart Advisory does not appear in any state’s corporate records, according to OpenCorporates.com, which tracks these filings, nor does One Harbor’s ties to Robinson.

Lycan, asked why so much of the group’s intake and outflow of cash were conducted through these LLC’s declined to directly answer.

“Stand for Truth reports the information for each donor from whom a contribution is received, in accordance with applicable law,” he wrote in an email.

Donors are increasingly using LLCs like these to give to political groups ever since the Citizens United decision made it easier for non-individuals to cut checks. But the prevalence of these opaque companies on Stand for Truth’s report is widespread, campaign finance observers say.

“The super PAC probably gets more corporate funding than most do by a pretty big margin, but still the bigger donors are individuals,” said David Keating of the Center for Competitive Politics, a group advocating for looser restrictions on donations. “This isn’t Exxon Mobil corporate funding.”

Stand for Truth, meant to add to menu of choices for high-dollar donors, has so far focused on negative television advertisements aimed at both Rubio and Donald Trump. A leading force behind the group, Lycan confirmed, is Hal Lambert, a Dallas money-manager who was a co-chair of the official campaign’s finance committee until he started the outside group and is a close ally of Willie Langston, the Houston campaign’s finance chair.

And largely funding the group is Adam and Tara Ross, a Dallas couple close to Ted and Heidi Cruz who together gave $1 million of the $2.5 million raised. Adam Ross is influential in Jewish Republican fundraising circles and is said to be close with Peter Thiel, the Silicon Valley billionaire who has remained on the sidelines this year despite being wooed by much of the GOP field.

The super PACs supporting Cruz that have been blessed by the candidate himself, a network titled Keep the Promise, has not used virtually any of these LLCs. The $40 million raised by Keep the Promise almost entirely comes from three families that each gave more than $10 million to support Cruz through their own independent groups — with their names attached.


178 posted on 02/06/2016 3:16:06 PM PST by Jane Long (Go Trump, go! Make America Safe Again :)
[ Post Reply | Private Reply | To 177 | View Replies ]


To: AuntB; Liz

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.


181 posted on 02/06/2016 3:17:59 PM PST by Jane Long (Go Trump, go! Make America Safe Again :)
[ Post Reply | Private Reply | To 178 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson