2016 Postmortem
Related: About this forumKoch Brothers’ Arizona Allies Fined $1 Million Over Hiding California Campaign Funding
Two dark money groups linked to conservative billionaire brothers Charles and David Koch have paid a record $1 million in fines to California to settle allegations that the combined $15 million they spent on two ballot proposals in the state was not properly disclosed.
The civil settlement, announced Thursday afternoon in Sacramento, caps a year of investigation into the activities of the two Arizona groups, Americans for Responsible Leadership and the Center to Protect Patient Rights.
The settlement disclosed new details in the case, including how the money was raised and how the Center to Protect Patient Rights disguised its two contributions to two California political committees. As part of the settlement, the Center to Protect Patient Rights conceded it was responsible for funneling $11 million through Americans for Responsible Leadership to a political committee spending money to fight a tax-hike measure and to support a proposition restricting unions political power.
The Center to Protect Patient Rights also gave an additional $4 million to another dark money group, the American Future Fund, which gave the money to another political committee spending on the anti-union measure.
What is the takeaway from this trail of dark money? asked Ann Ravel, the outgoing head of Californias Fair Political Practices Commission, which investigated the groups along with the state attorney generals office. This is a nationwide issue. These groups exploit loopholes in the law to undermine the clear purpose of the law, to give essential information to the public.
MORE...
http://www.rawstory.com/rs/2013/10/24/koch-brothers-arizona-allies-fined-1-million-over-hiding-california-campaign-funding/
SunSeeker
(51,559 posts)xfundy
(5,105 posts)$1,000,000 is pocket change to these anti-American assholes.
libdem4life
(13,877 posts)TeamPooka
(24,227 posts)there's another thread on it here...
http://www.democraticunderground.com/10023920915
http://www.latimes.com/business/hiltzik/la-fi-mh-donors-20131025,0,4792238.story#axzz2ilW9MaEx
"Thanks to the tenacity of the Fair Political Practices Commission, the names are now dribbling out of the campaign donors who hid behind layers of illegal secrecy to conceal their support for an anti-union measure and a desperately needed tax increase on last year's California ballot.
As one might expect, it's a disgraceful roster of billionaires intent of pulling up the ladder of advancement behind them. Charles Schwab. Eli Broad. B. Wayne Hughes (founder of Pubic Storage). The owners of The Gap. Sheldon Adelson of the Las Vegas Sands.
...
Are you having trouble following this? That's exactly what the donors hoped. In any case, SBAC used the donation to fight Gov. Brown's ultimately successful tax increase ballot initiative and to support Proposition 32. Prop 32, which failed, aimed to drive unions out of politics, leaving the field free for people like, well, Sheldon Adelson, Charles Schwab, and B. Wayne Hughes.
Shortly after announcing its settlement with CPPR and ARL (including the payment of $1 million in fines), the FPPC lowered the boom on the SBAC, informing it that the law now requires that it fork over the $11 million it received through this daisy chain.
...
More at link about busting the secret money trail used to turn an election.
Great reporting