Tag Archives: FEC

Ted Cruz Failed to Show 2012 Loans From Goldman Sachs, FEC Says

U.S. Senator Ted Cruz improperly accounted for loans he received from Goldman Sachs Group Inc. and Citigroup Inc. during his 2012 campaign, saying the funds were his own personal contributions to the Senate race, the Federal Election Commission said Thursday.

The finding, released on the FEC website, marked a rare instance of agreement among the agency’s five commissioners, who voted unanimously that the $1.1 million of loans from the banks should have been disclosed to voters. The FEC didn’t say whether there would be a penalty.

Under federal election law, candidates can take out loans from commercial banks as long as they disclose the source of funds, the interest rate they are paying and the term of the loan. They can also lend or give their campaigns unlimited amounts from personal funds.

Read on.

Tim Canova files FEC complaint today against Wasserman Schultz

 

Tim Canova said on Larry King’s program, Politicking that he will file a complaint with FEC against the Debbie Wasserman-Schultz early next week

Watchdog Groups Call on DOJ to Investigate Donald Trump’s Campaign

In a letter sent on Friday, several watchdog groups called on the U.S. Department of Justice to investigate whetherDonald Trump‘s campaign is “engaging in knowing and willful violations of federal campaign finance laws.” The complaints stem from allegations that the Trump’s campaign continues to solicit illegal donations from foreign nationals.

Last month, the Campaign Legal Center filed a complaint with the FECafter Trump’s campaign reportedly sent dozens of prominent Icelandic, Scottish, Australian and British politicians fundraising emails seeking donations. Trump was trying to drum up support after the recent ‘Brexit’ vote in which the U.K. voted to leave the European Union. Only thing is that federal law is pretty clear that soliciting donations from foreign nationals is illegal.

“This is an open and shut case of the Trump campaign illegally soliciting foreign contributions,” said Democracy 21 President Fred Wertheimer in a statement.  “It is striking and inexplicable that these solicitations brazenly continued after the Trump campaign was informed they were prohibited by law. As apparent knowing and willful violations of the law, the foreign money solicitations by the Trump campaign raise the issue of criminal conduct and require a Justice Department investigation.”

Read on.

Trump Slapped With FEC Complaint For ‘Illegally’ Soliciting Foreign Money

LawNewz.com has learned a nonprofit, nonpartisan group, The Campaign Legal Center, has filed a federal complaint against Donald Trump for allegedly illegally soliciting money from foreign nationals to fund his presidential campaign.

“Donald J. Trump’s presidential campaign committee is violating black-letter federal law by sending campaign fundraising emails to foreign nationals — including foreign politicians — in at least Iceland, Scotland, Australia and Britain,” the group said in a statement.  The group filed a complaint with the Federal Election Commission highlighting this violation.

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If the allegations are true, federal law is pretty clear on this (See number 2): 

It shall be unlawful for-

(1) a foreign national, directly or indirectly, to make-

(A) a contribution or donation of money or other thing of value, or to make an express or implied promise to make a contribution or donation, in connection with a Federal, State, or local election;

(B) a contribution or donation to a committee of a political party; or

(C) an expenditure, independent expenditure, or disbursement for an electioneering communication (within the meaning of section 30104(f)(3) of this title); or

(2) a person to solicit, accept, or receive a contribution or donation described in subparagraph (A) or (B) of paragraph (1) from a foreign national.

Read on.

Here is a copy of the complaint:

 

Here Is Donald Trump’s Full 104 Page Report Claiming Over $557 Million In 2015 Income

Zerohedge:

With Donald Trump’s tax return dominating this part of the republican presidential candidate’s news cycle, in an attempt to deflect attention from his IRS filing which Turmp has said he won’t disclose, last night Trump filed a personal financial statement with the FEC. According to a Trump statement accompanying the release, “the newly filed PFD shows a tremendous cash flow, and a revenue increase of approximately $190 million dollars (which does not include dividends, interest, capital gains, rents and royalties),” Trump said in the release, and it was used to fund construction projects, reduce debt and fund his presidential campaign.

Trump told the FEC that his income is in excess of $557 million. “This income was utilized, among other things, for the funding of construction projects at various multi-million dollar developments, reduction of debt and the funding” of his GOP presidential campaign said the statement.

“As of this date, Mr. Trump’s net worth is in excess of $10b”: Trump statement

“Despite the fact that I am allowed extensions, I have again filed my report, which is 104 pages, on time,” Trump concluded.

 

PAC vs. Super PAC and group led by backers of Clinton filed three complaints with FEC against Sanders

So what is the difference between a PAC vs. a Super PAC?:

A PAC, or political action committee, is a type of organization that collects campaign contributions from members and donates those funds to campaign for or against candidates, ballot initiatives or legislation.

An organization becomes a PAC when it receives or spends more than $2,600 to influence a federal election.

A Super PAC, also known as “independent-expenditure only committees” may not make contributions to candidate campaigns or parties, but may engage in unlimited political spending independently of the campaigns. Unlike PACs, Super PACs can raise funds without any legal limit on donation size.

 

And what sets it apart from the presidential superPACs? The donor list…From Wikipedia on PAC:

At the state level, an organization becomes a PAC according to the state’s election laws.

  • Contributions from corporate or labor union treasuries are illegal, though they may sponsor a PAC and provide financial support for its administration and fundraising;
  • Union-affiliated PACs may only solicit contributions from members;
  • Independent PACs may solicit contributions from the general public and must pay their own costs from those funds.

Federal multi-candidate PACs may contribute to candidates as follows:

  • $5,000 to a candidate or candidate committee for each election (primary and general elections count as separate elections);
  • $15,000 to a political party per year; and
  • $5,000 to another PAC per year.
  • PACs may make unlimited expenditures independently of a candidate or political party

 

And from on the SuperPAC:

According to FEC advisories, Super PACs are not allowed to coordinate directly with candidates or political parties. This restriction is intended to prevent them from operating campaigns that complement or parallel those of the candidates they support or engaging in negotiations that could result in quid pro quo bargaining between donors to the PAC and the candidate or officeholder. However, it is legal for candidates and Super PAC managers to discuss campaign strategy and tactics through the media.

And in the latest news on the Democratic Presidential race,  group led by backers of Hillary Clinton filed three complaints on Tuesday with FEC against Bernie Sanders.

USA Today:

A group led by backers of Hillary Clinton filed three complaints Tuesday with the Federal Election Commission against Sen. Bernie Sanders and two super PACs that support him.

The American Democracy Legal Fund, established by David Brock, charges that Sanders and his campaign repeatedly accepted contributions in excess of the $2,700 legal limit for individuals per election.

Another complaint alleges a Facebook ad encouraging donations after Sanders’ New Hampshire win did not disclose who paid for the communication. Finally, the legal fund accuses the super PAC Progressive Kick of illegally using Sanders’ name and claims that group and the super PAC Nurses National Nurses United for Patient Protection are illegally coordinating with the Sanders campaign.

The Sanders campaign last month described an FEC warning about excessive contributions as “standard” and said the campaign would address the FEC’s questions. On Tuesday, the campaign dismissed the Brock group’s complaint as frivolous and noted it follows Clinton’s chief strategist Joel Benenson call for Sanders to change his negative tone.

“Just one day after the Clinton campaign said we needed to change our tone, the leaders of their coordinated super PAC, which is funded by millions from Wall Street, filed baseless and frivolous complaints with the FEC,” Sanders campaign manager Jeff Weaver said in a statement. “Tells you all you need to know.”

The Clinton campaign declined to comment on the complaints.

Brock, founder of the pro-Clinton super PAC Correct the Record, has targeted Sanders throughout the campaign, raising questions about his commitment to the Black Lives Mattermovement and his medical records.

MSNBC reports this is the first time ADLF has filed a complaint against a Democrat.

And who is super PAC Progressive Kick?According to the website:

Progressive Kick is a national progressive SuperPAC & 527, focused on elections and incumbent accountability.
We target the United States Congress and state legislators.

And who are the super PAC Nurses National Nurses United for Patient Protection? According to website:

National Nurses United, with close to 185,000 members in every state, is the largest union and professional association of registered nurses in U.S. history.

NNU was founded in 2009 unifying three of the most active, progressive organizations in the U.S.—and the major voices of unionized nurses—in the California Nurses Association/National Nurses Organizing Committee, United American Nurses, and Massachusetts Nurses Association.

Combining the unparalleled record of accomplishments for nurses and patients embodied in the proud history of those nurses associations, which for some span more than 100 years, the establishment of NNU brought to life the dream of a powerful, national movement of direct care RNs.

Nurses National Nurses United for Patient Protection endorsed Sanders for President in August 2015 as this same organization endorsed Obama in 2012.