PILOT SPIN
Spin Zone => Spin Zone => Topic started by: Lucifer on September 21, 2016, 06:35:07 AM
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http://www.zerohedge.com/news/2016-09-20/money-laundering-scheme-exposed-14-pro-clinton-super-pacs-non-profits-implicated
Say, for example, you donate $1,062,857 to Media Matters for America. This is how David Brock would have used your charitable donation in 2014:
Media Matters would receive your $1,062,857 donation
The Bonner Group would earn a $132,857 commission
Media Matters would retain $930,000
Next, Media Matters would give what’s left of your entire donation, $930,000, to the Franklin Education Forum
The Bonner Group would ‘earn’ a $116,250 commission
The Franklin Education Forum would retain $813,750
The Franklin Education Forum would then forward the remaining $813,750 to The Franklin Forum
The Bonner Group would ‘earn’ a $101,718 commission
The Franklin Forum would retain $712,031
In the end, Brock’s solicitor would have pocketed $350,825, almost a third of your initial donation! That’s a far cry from the advertised 12.5% commission.
As bizarre as that scenario may sound, this is exactly what David Brock did in 2014.
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http://www.zerohedge.com/news/2016-09-20/money-laundering-scheme-exposed-14-pro-clinton-super-pacs-non-profits-implicated
Shuffling money around between different PAC's is a widely practiced operation. Doesn't take much looking to find that lot's of groups (whether Republican or Democrat) use this option to cloud who get what, and from who.
But... the part about the Bonner Group and their 12% commission really smells. Hopefully that will get some legs. Looks like plain ordinary fraud to me.
Just another reason for greater political contribution transparency.