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And So It Begins - Thanks, SCOTUS

Discussion in 'Political Discussion' started by Mrs.PatsFanInVa, Aug 6, 2011.

  1. Mrs.PatsFanInVa

    Mrs.PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    #24 Jersey

    WASHINGTON -- A corporation that contributed $1 million to a political action committee supporting the presidential bid of former Massachusetts Governor Mitt Romney has been dissolved just four months after being formed. The company's fold, and its relationship to the Romney campaign, marks the new contours of the continued breakdown in campaign finance disclosure in the wake of the Supreme Court's Citizens United decision.

    The company, W Spann LLC, donated to Restore Our Future PAC on April 28 and cancelled its certificate of incorporation on July 12, according to Delaware state records obtained by NBC's Michael Isikoff.

    The company's records were signed and handled by Ropes & Gray lawyer Cameron Casey. As Isikoff notes, Ropes & Gray recently represented Bain Capital, the investment firm once headed by Romney. Both the firm and the PAC refused to comment to NBC about the contribution.

    Bain Capital's New York office is located at the same address that W Spann listed on its contribution to Restore Our Future. They share the address with Akin Gump lawyer Randy Levine, who is also a major Romney supporter.

    Restore Our Future was created by three former Romney campaign staffers to support his bid for the Republican Party's presidential nomination.

    Super PACs are political committees that can receive unlimited contributions from individuals, corporations and unions so long as they spend only on independent expenditures. Restore Our Future is not allowed to coordinate with the Romney campaign in any way.

    The big question for the individuals behind W Spann and Restore Our Future is whether any of their activity is illegal. While it is perfectly legal for a corporation to form and dissolve or to contribute to a political committee like Restore Our Future, it is illegal to use a conduit to contribute to a political committee.

    According to Paul Ryan, FEC program director and associate legal counsel at the Campaign Legal Center, "Federal law clearly prohibits making a contribution in the name of another." Ryan explained that it would be illegal, "if the humans behind the straw corporation put money into the straw corporation for the purpose of contributing to the Super PAC. It's illegal under federal law to use a straw donor."

    The possible legality of contributions like the one W Spann made to Restore Our Future looks like an oversight on the Supreme Court's part. The Court allowed corporate spending on independent expenditures in the Citizens United decision, but also affirmed the need for disclosure.


    Secret Corporate Money Powers Pro-Romney Super PAC
     
  2. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    By God, can't you do something about this, send them an e-mail I'll back you up.................:mad:
     

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