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Donors Stir 'Bundling' Questions (another "shoe")
Wall Street Journal (no subscription) ^ | September 20, 2007 | Brody Mullins and Ianthe Jeanne Dugan

Posted on 09/20/2007 12:50:12 AM PDT by CutePuppy

Clinton Campaign Vows To Check Contributions Solicited by Supporter

BRISTOW, Va. -- When Hillary Rodham Clinton held an intimate fund-raising event at her Washington home in late March, Pamela Layton donated $4,600, the maximum allowed by law, to Mrs. Clinton's presidential campaign.

But the 37-year-old Ms. Layton says she and her husband were reimbursed by her husband's boss for the donations. "It wasn't personal money. It was all corporate money," Mrs. Layton said outside her home here. "I don't even like Hillary. I'm a Republican."

The boss is William Danielczyk, founder of a Washington-area private-equity firm and a major fund-raising "bundler" for Mrs. Clinton. Mrs. Layton's gift was one of more than a dozen donations that night from people with Republican ties or no history of political giving. Mr. Danielczyk and his family, employees and friends donated a total of $120,000 to Mrs. Clinton in the days around the fund-raiser.

In an interview, Mr. Danielczyk said he "did not and would not" reimburse employees or others for their political donations. Such reimbursement would be illegal. Mr. Danielczyk said he was a co-host for the event at Mrs. Clinton's home. "Everybody was asked to contribute," he said, "some said yes and some said no." He added, "No arm was twisted."

The episode adds to growing questions about the practice of "bundling" donations, in which ambitious fund-raisers collect money from friends, colleagues and sometimes employees to send to a campaign. Every major presidential campaign now relies on the practice to raise large sums. It is an especially important strategy for Mrs. Clinton. She has formed a group of "HillRaisers" who get special recognition for sweeping in more than $100,000 for her campaign.

...

(Excerpt) Read more at online.wsj.com ...


TOPICS: Crime/Corruption; Extended News; Politics/Elections
KEYWORDS: algore; bundlers; bundling; campaigncash; china; corrupthillraiser; corruption; danielczyk; democratparty; democrats; donorgate; donors; elections; fractionair; fundraising; galen; galencapital; gore; healthcare; hillary; hillraisers; hongkong; hsu; kane; la; laundering; michaelkane; nashville; shellcompanies; teda; tedatravel; tedatravelinc
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Another bungled bundler.
1 posted on 09/20/2007 12:50:15 AM PDT by CutePuppy
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To: CutePuppy
“In an interview, Mr. Danielczyk said he “did not and would not” reimburse employees or others for their political donations.”

There are probably 1000 ways to hide the reimbursement.
miscellaneous expenses, bonus, pay raise, whatever.

2 posted on 09/20/2007 12:57:19 AM PDT by AlexW (Reporting from Bratislava, Slovakia. Happy not to be back in the USA for now.)
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To: CutePuppy
But the 37-year-old Ms. Layton says she and her husband were reimbursed by her husband's boss for the donations

Now his EX boss...

3 posted on 09/20/2007 12:57:57 AM PDT by Wil H (Turning $1000 into $100,000 through cattle futures requires the "willing suspension of disbelief")
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To: CutePuppy
Election records show that Mr. Danielczyk made his first political donation in June 2004 to former Sen. Bill Frist, a Tennessee Republican. Mr. Danielczyk donated $2,100 to Mrs. Clinton in July 2006 and the same amount that September. He also gave $15,000 to the Clinton Global Initiative, a charitable organization run by her husband, according to public records.

This year, Mr. Danielczyk says he wanted to do a fund-raiser in April, but was "encouraged" by the Clinton campaign to do it before March 31, the close of the first important fund-raising period.

One person at the event was a Washington-area investor who was considering putting some money in one of Mr. Danielczyk's ventures. The investor, a registered Republican, said he was invited by Mr. Danielczyk and a colleague who were wooing him to invest at least $125,000 in one of their companies.

The investor, who spoke on condition of anonymity, says he didn't donate any money to Mrs. Clinton. Campaign-finance records show that the investor contributed $4,600 on March 30 to Mrs. Clinton. The reason for the discrepancy isn't clear.


4 posted on 09/20/2007 12:58:51 AM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: AlexW

If you are a hammer, everything looks like a nail. Get a feeling that everything around Clintons looks like a laundromat - from laundering the money into their campaigns and into their own pockets to washing dirty laundry of these characters.


5 posted on 09/20/2007 1:03:59 AM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: CutePuppy
M C C A I N - F E I N G O L D
6 posted on 09/20/2007 1:25:13 AM PDT by JohnLongIsland
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To: CutePuppy

I see Hillary takes a page out of the United Way fund raising book.


7 posted on 09/20/2007 2:31:40 AM PDT by neb52
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To: CutePuppy
About Galen Capital Group, LLC

Galen Capital Group, LLC (www.galencapitalgroup.com) is a merchant banking firm serving middle market companies primarily in the healthcare industry. GCG offers a range of transaction execution and advisory services in the areas of M&A, leveraged buyouts, mezzanine, equity and debt financing and private & public placements. Headquartered in Washington, DC, the firm also has offices in Nashville, Tennessee and Los Angeles, California.
8 posted on 09/20/2007 3:28:39 AM PDT by Fred ("What is it that makes liberals think the best way to help someone is to punish them" FDT)
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To: AlexW
“In an interview, Mr. Danielczyk said he “did not and would not” reimburse employees or others for their political donations.”.......... There are probably 1000 ways to hide the reimbursement: miscellaneous expenses, bonus, pay raise, whatever.

And then there's........misusing corporate reserve accounts, concealing losses, inflating asset values and improperly accounting for transactions, as well as deferring profits into reserve accounts, improperly shifting capital funding to other projects.......to hide illegal payments to Hsu.

Hsu may have colluded with politicians and campaign donors in illegal activities that might include businesses, non-profit organizations, foundations, and donors (particularly officers of publicly-held companies) using corporate holdings, investment and development companies, management firms, brokerage companies, insurance companies, law firms, legal firms, firms that process reimbursements, real estate firms, R/E partnerships, limited liability companies, banks, bonding insurance companies, etc, engaging in fraud, collusion, and illegal conversion of funds.

9 posted on 09/20/2007 4:12:09 AM PDT by Liz (Rooty's not getting my guns, or the name of my hairdresser.)
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To: CutePuppy

“Hillraiser.”
Tacky. Leave it to Hillary Clinton to substitute her name for that of “hell” in a play on words to describe a financial backer.
Elect her and we’d have state dinners served on Maiden China, and the Lincoln Bedroom rented by the hour. Oh wait...


10 posted on 09/20/2007 5:10:28 AM PDT by 668 - Neighbor of the Beast (Senator Clinton should step down!)
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To: 668 - Neighbor of the Beast

Hsu still shows up on her website:

http://www.hillaryclinton.com/feature/HillRaisers/


11 posted on 09/20/2007 5:13:39 AM PDT by Cap Huff
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To: CutePuppy
The investor, who spoke on condition of anonymity, says he didn't donate any money to Mrs. Clinton. Campaign-finance records show that the investor contributed $4,600 on March 30 to Mrs. Clinton. The reason for the discrepancy isn't clear.

It's pretty clear to me!

12 posted on 09/20/2007 5:17:59 AM PDT by 6ppc (It's torch and pitchfork time)
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To: CutePuppy

This provides more than enough fodder to open an investigation on Danielczyk.

These bundlers don’t just independently think up this stuff, all coming up with remarkably similar operations. They’re schooled in how to do it.


13 posted on 09/20/2007 5:55:24 AM PDT by Eroteme
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To: CutePuppy
This is ILLEGAL ACTIVITY!!!!! Where"s the FEDS?????? If this was a Republican, they would have been in handcuffs already and yet Queen Hillary just marches on!!!

WHERE"S THE OUTRAGE???

14 posted on 09/20/2007 6:01:04 AM PDT by Suzy Quzy (Hillary '08...Her PHONINESS is REAL!!!)
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To: 6ppc

WHY would REPUBLICANS go to a Hillary fund-raiser at all???


15 posted on 09/20/2007 6:03:31 AM PDT by Suzy Quzy (Hillary '08...Her PHONINESS is REAL!!!)
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To: CutePuppy

WHO is William Danielcyzk??? WHAT does he want from Hillary? These so called Republicans are WHORES.


16 posted on 09/20/2007 6:04:29 AM PDT by Suzy Quzy (Hillary '08...Her PHONINESS is REAL!!!)
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To: potlatch; PhilDragoo; ntnychik; dixiechick2000; CutePuppy



17 posted on 09/20/2007 6:09:42 AM PDT by devolve ( ------- ---Offset Credits On Sale 30% Off This Week--)
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To: Liz

Here’s a great read on Fraction Air, Danielczyk’s company in Nashville.

http://www.nashvillepost.com/news/2006/6/15/shares_of_sorrow_fractionair_faces_mounting_problems

When the company flounders, Danielczyk merges it with—what a coincidence!—a Hong Kong company, Teda Travel, which turns out to be a shell company that never filed its SEC reports.

Is there some sort of Hillary Clinton Fundraising Franchise being sold on late night infomercials?


18 posted on 09/20/2007 6:30:27 AM PDT by Eroteme
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To: Eroteme

another shoe, tip of the iceberg, can of worms, pick your own metaphor.


19 posted on 09/20/2007 6:32:58 AM PDT by teddyballgame (red man in a blue state)
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To: CutePuppy

Danielczyk’s Hong Kong partners in his Nashville firm make yet another China connection to illegal funds going to Hillary.

Hsu. Big Oil Wyatt. Danielczyk.

The list seems to grow with each fundraising event.


20 posted on 09/20/2007 6:41:21 AM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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