Thursday, August 04, 2011

Nothing Suspicious About THAT!


Oh, this is really special.

It appears that on the Ides of March, 2011, a corporation was formed in Delaware called W Spann LLC. Said corporation, on April 28, made a $1 million donation to a Mitt Romney Super PAC called "Restore Our Future." Then, on July 12, the corporation was dissolved, without, apparently, actually doing any business. Thanks to Michael Isikoff at NBC News for breaking the story.

The names of the person(s) who formed the corporation are not publicly available (though there's a Wikipedia article that says it knows who it was).

Talking Points Memo reports:
Experts and watchdog groups say the W Spann case highlights broader disclosure problems in the post-Citizens United era. One issue is whether corporations could be used as a vehicle for anonymous donations from foreign nationals. While only Americans can legally contribute, the FEC's three Republican commissioners have blocked efforts to craft rules defining exactly how this applies to corporations, who may be partially owned by foreign entities or may be an American subsidiary of a foreign company. Politico's Ben Smith noted on Thursday that the issue is particularly relevant to "Restore Our Future" because, unlike anonymous-money nonprofits like Karl Rove's "Crossroads GPS," Super PACs only report their contributions to the FEC and not to the more aggressive IRS.
That such a donation could be made by foreign nationals – including foreigners who want to institute Sharia Law in the U.S. (snicker) – is just half the problem.

Thanks to five Bozos on the U.S. Supreme Court, this obviously corrupt activity may be perfectly legal. And just the beginning.


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