Mysterious firm formed days before $5M donation to super PAC helping conservative candidates
Source: Washington Post
A shadowy Tennessee company donated more than $5 million to a prominent conservative super political action committee days after establishing itself.
So whos behind one of the largest batches of election contributions this year? Theres a questionable trail.
Campaign finance reports filed late Thursday show that the political committee, FreedomWorks for America, received seven donations totaling $5.28 million from Knoxville-based Specialty Group Inc. The money, which accounted for about 90 percent of FreedomWorks for Americas donations during the first 15 days of October, is helping pay for TV ads supporting conservative candidates for federal office.
An Associated Press review of Tennessee business records showed that Specialty Group filed its incorporation papers on Sept. 26, less than a week before it gave several contributions to FreedomWorks worth between $125,000 and $1.5 million apiece. The Specialty Group appears to have no website detailing its products or services. It is registered to a suburban Knoxville home.
Read more: http://www.washingtonpost.com/politics/mysterious-firm-formed-days-before-5m-donation-to-super-pac-helping-conservative-candidates/2012/10/27/9d05a31e-2065-11e2-8817-41b9a7aaabc7_story.html
More corporate mystery money is being laundered to fund Republican election efforts. The Post-Citizens United corruption grows.
Response to TomCADem (Original post)
PDJane This message was self-deleted by its author.
CurtEastPoint
(18,655 posts)Freedom of speech is just fine, thank you. BUT... we should be able to know who's speaking, right?
bl968
(360 posts)We pass a Constitutional Amendment that clarifies that Corporations and other man-made entities are not to be considered people under the law, and have no inherent rights there of.
alp227
(32,044 posts)Corporations are not people; money is not speech!
Disagree.
A constitutional amendment to get ALL the money out of politics and have national elections paid for by taxes. Cheaper and a better democracy.
cstanleytech
(26,306 posts)funding politicians campaigns.
What they should do is require all sources for any organization that wants to run political ads including "issues" ads to disclose who gives them donations and if they cannot disclose the info due to it being donated money from a 3rd or 4th party then the organization either has to refuse the money or cannot run the ads.
Berlum
(7,044 posts)sunnystarr
(2,638 posts)and flipped the tabulated results. Wonder if there's a connection.
Thor_MN
(11,843 posts)Apparently, corporate type "people" can transfer a hell of a lot more...
SaveAmerica
(5,342 posts)pkdu
(3,977 posts)Donated $2000 in person on same day fake company was formed.