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Funny Money

Posted by labrea 7NYC (My Page) on
Fri, Aug 5, 11 at 15:06

Cut and Paste)

Three firms gave $1 million apiece to Restore Our Future, a conservative "super PAC" planning to spend millions to help Romney's White House bid. One of those companies was W. Spann LLC, a mysterious New York-based company that apparently closed up shop last month shortly after its contribution to the pro-Romney PAC. As NBC News's Michael Isikoff reports, the company was formed in March by Boston estate tax lawyer Cameron Casey and listed a midtown Manhattan address where the landlord says there's no record of the firm being a tenant. The company gave $1 million to Restore Our Future on April 28, and according to records obtained by Isikoff, dissolved on July 12th, just two weeks before the pro-Romney PAC disclosed its donors to the Federal Election Commission. There's no indication in the records of what the company did or who its owners or principals were. Casey did not immediately respond to a request for comment.

Follow-Up Postings:

RE: Funny Money

Scumbags have learned to hide money and money movements long ago in search of safe havens from taxmen and ex-wives. Think we will ever find out whose or what money this donation represents?

RE: Funny Money

Now that brings out Teh Beagle!

The company profile of the lawyer:

Here is a link that might be useful: Hints.

RE: Funny Money

Boston Globe: Groups file complaints over obscure PAC contribution

Two campaign finance groups are filing complaints with the Federal Elections Commission and Department of Justice about a mysterious $1 million contribution to a political action committee supporting presidential candidate Mitt Romney.

The Campaign Legal Center and Democracy 21, nonpartisan transparency advocates based in Washington, DC, are alleging that the contributor may have illegally sought to hide his or her identity by setting up a shell company, which formed and dissolved within weeks of making the contribution. Registration records for the company, W Spann LLC, do not list its owners. [...]

Federal law states specifically that "No person shall make a contribution in the name of another person or knowingly permit his name to be used to effect such a contribution and no person shall knowingly accept a contribution made by one person in the name of another person."

RE: Funny Money

Mystery solved! The person who donated $1 million to a pro-Romney group through a barely existent company, W Spann LLC, has outed himself after campaign watchdogs demanded a federal investigation.

Ed Conrad, a former executive at Bain Capital, which Romney co-founded, told Politico on Friday that he had funneled the money to Super PAC Restore Our Future on the advice of his lawyers.

One has to wonder how common that trick is...

Here is a link that might be useful: Update.

RE: Funny Money

Won't it be fun, should Romney win the nomination, to delve into the Bain Capital dealings - you know, see how many jobs that company created on the way to making Romney a multi-millionare?

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