Tuesday, August 09, 2011

The Firm Created for the sole purpose of giving Mitt Romney 1 MILLION DOLLARS - thank you, Citizens United

This is what Citizens United hath wrought. The Democrats SHOULD HAVE, when they had both Houses of Congress, did as the President requested and passed a DISCLOSURE LAW.

Simple thing - you give political money, you must declare yourself and how much. But, they listened to those lowlife weasel Blue Dogs, who never found a principle they would stand for it meant helping the common good.

For all we know, Al Qeda is giving money to Mittens.

From MSNBC.com:

Firm gives $1 million to pro-Romney group, then dissolves
By Michael Isikoff
National investigative correspondent

A mystery company that pumped $1 million into a political committee backing Mitt Romney has been dissolved just months after it was formed, leaving few clues as to who was behind one of the biggest contributions yet of the 2012 presidential campaign.

The existence of the million-dollar donation — as gleaned from campaign and corporate records obtained by NBC News — provides a vivid example of how secret campaign cash is being funneled in ever more circuitous ways into the political system.

The company, W Spann LLC, was formed in March by a Boston lawyer who specializes in estate tax planning for “high net worth individuals,” according to corporate records and the lawyer’s bio on her firm’s website.

The corporate records provide no information about the owner of the firm, its address or its type of business.

Six weeks later, W Spann LLC made its million-dollar donation to Restore Our Future — a new so-called “super PAC” started by a group of former Romney political aides to boost the former Massachusetts governor’s presidential bid. It listed its address as being in a midtown Manhattan office building that has no record of such a tenant.

The Boston lawyer, Cameron Casey, dissolved the company on July 12 — two weeks before Restore Our Future made its first campaign filing of the year reporting the donation from the now-nonexistent company, the corporate records show.

“I don’t see how you can do this,” said Lawrence Noble, the former general counsel of the Federal Election Commission, when asked about the contribution from the now defunct company.

If the only purpose of W Spann’s formation was to contribute to the pro-Romney group, “There is a real issue of it being just a subterfuge” and that could raise a "serious" legal issue, Noble said. Even if that is not the case, he added, “What you have here is a roadmap for how people can hide their identities” when making political contributions.

Casey, the Boston lawyer, did not respond to requests for comment. Tim Larimer, a spokesman for her law firm, Ropes & Gray, said he couldn’t discuss who was behind W Spann LLC or any other matters relating to the campaign contribution. “The firm won’t be making any comment on this matter at this time,” he said in an email.

'Not something we normally ask'
Restore Our Future also declined to answer any questions about the W Spann LLC donation, one of only a handful of seven-figure donations the group has received this year.

"That’s not something that we normally ask a contributor for (and nor does any other political organization that I'm aware of),” Charles Spies, the committee’s campaign treasurer, said in an email response to a query about the owners of the firm and the limited information on its corporate registration. … “Restore Our Future has fully complied with, and will continue to comply with, all FEC disclosure requirements.”

Rachel Maddow did a piece on this.

Visit msnbc.com for breaking news, world news, and news about the economy

UPDATE: Donor Revealed As Bain Executive

Mystery solved! The person who donated $1 million to a pro-Romney group through a barely existent company, W Spann LLC, has outed himself after campaign watchdogs demanded a federal investigation.

Ed Conrad, a former executive at Bain Capital, which Romney co-founded, told Politico on Friday that he had funneled the money to Super PAC Restore Our Future on the advice of his lawyers.

"I am the individual who formed and funded W Spann LLC," he said in a statement. "I authorized W Spann LLC's contribution to Restore Our Future PAC.I did so after consulting prominent legal counsel regarding the transaction, and based on my understanding that the contribution would comply with applicable laws. To address questions raised by the media concerning the contribution, I will request that Restore Our Future PAC amend its public reports to disclose me as the donor associated with this contribution."


Rachel Maddow had a follow-up piece on it last night.

Visit msnbc.com for breaking news, world news, and news about the economy

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