March 19, 2006
A Laguna Beach, Calif., outfit known as Arcadia Living Trust A so badly wants Rep. Jim Gibbons to be the next governor of Nevada that it gave him $10,000. And that's about all there is to know about Arcadia Living Trust A.
That's because Nevada law requires little more than a name - though not the owner's name - and an address from campaign contributors.
Unlike California, Washington and other states, Nevada law provides an easy way for campaign contributors to hide behind a wall of anonymity. Just about anyone can funnel money into Nevada campaigns, with the public left in the dark.
"If I were to own a business, I could file with the secretary of state 20 businesses, and they could be shell corporations, with the only purpose of funneling money to a candidate," said Secretary of State Dean Heller, whose office regulates campaign finances. Moreover, the real owner of the business could name someone else as the officer of the new company and thus remain anonymous.
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