General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWho's Behind the Ghost Companies Funding Jeb Bush's Super-PAC?
MotherJones, December 2, 2015Two shadowy outfits are helping to bankroll Bush's candidacy.
As far as the public record goes, this looks like a ghost company. So who is behind this contribution?
There are a few clues. In connection with its donation, TH Holdings listed an address in New York City that has also been used by Neuberger Berman, a private investment firm, to register some of its funds. Coincidentally or not, Neuberger Berman's CEO is George Herbert Walker IV, Jeb Bush's second cousin. And Bush himself is a partner in one of the firm's private equity funds.
A Neuberger Berman spokesman confirmed that the address associated with the donation is Neuberger Berman's, but said the LLC is not a Neuberger Berman entity. Walker, who made his own donation of $100,000 to Right to Rise several weeks before the TH Holdings contribution, told Mother Jones that he has no connection to the LLC.
TH Holdings isn't the only mystery LLC funding the pro-Bush super-PAC. A few days after the TH Holdings contribution, Right to Rise received another curious donation. This time, an Alabama-based company called Heather Oaks LLC dumped $100,000 into the group. And Heather Oaks is even more ghostly than TH Holdings. According to Alabama records, the company hasn't existed for more than 10 years. It was originally founded as the holding corporation for an apartment complex, but the property was sold in the early 2000s. According to the state of Alabama, the company was merged into another limited liability company in 2004. That LLC, according to Alabama records, was dissolved a week later. So how does an out-of-business firm come to contribute $100,000 to a political outfit?
Smells like a money-laundering scheme. But, it's "all in the family", you see.
Oh, to have some justice in this land.
Frustratedlady
(16,254 posts)The dates and names had all kinds of names popping into my head. I hope Mother Jones pursues this and forces someone to dig more deeply into all the shenanigans they have pulled over the past 15 or more years...probably much longer if we only knew. I don't think the SEC is the one to depend on. Just sayin'.
Wellstone ruled
(34,661 posts)The Bush Crime Family is active again. Follow the money,using a Real Estate entity ,is one of the easiest ways to move money around. This Turd will be the Rethugs Nominee.
dmr
(28,349 posts)Wonder how many other similar contributions there are, and how many other candidates (for president or otherwise) are using this trick. It seemed to take Jeb! a long time to declare his candidacy. I wonder if this creative financing is what held him back, which I've always thought hurt him because it let others get a jump ahead of him. But I don't think it would've helped him much. He's been a lousy candidate amongst a huge clown car of nutjobs.
I do wonder who else that's running is being this creative and sneaky.