Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: All

cont

Now the details about that FEC complaint:

The FEC complaint asserts that AOC’s COS, Saikat Chakrabarti, early on established two PACs that raised big bucks for AOC’s campaign:
<><> the Brand New Congress PAC, and,
<><> Justice Democrats PAC.

After a whole lot of money was raised, Chakrabarti systematically transferred $885,000+ in PAC contributions to his private companies with similar names:
<><> the Brand New Campaign LLC, and,
<><> the Brand New Congress LLC.

Saikat Chakrabarti’s private companies, unlike PACs, are exempt from reporting all of their significant expenditures.
Keep in mind it is a much-used criminal act to open bank accounts using similarly named entities as Chakrabarti did.
It’s easy to siphon off money for oneself by putting checks into the new accounts with similar names, depositing checks that were made out to the original entity.

Even your bank will advise you that if the check-writer “mis-spelled” your name.....to just endorse the check with the correct name.

AND PRESTO: a check made out to Brand New Congress PAC, is deposited in the Brand New Congress LLC account.


ANALYSIS -— Chakrabarti’s companies appear to have been set up for the sole purpose of obscuring how AOC’s donations were used. The arrangement skirted reporting requirements and may have violated the $5,000 limit on contributions, according to the FEC complaint filed by the National Legal and Policy Center, a government watchdog group.

Campaign finance attorneys described the arrangement as “really weird” and an indication “there’s something amiss.” They said there was no way of telling where the political donations went — meaning (A) the donations could have been pocketed, or, (B) used by the LLC’s to pay for off-the-books campaign operations.-—SNIP-—SOURCED FROM FR.


JUST WONDERING .....does Chakrabarti have a reputation among Democraps for facilitating the conversion of campaign donations?

Maybe we should ask Bernie (/s)?


6 posted on 03/12/2019 12:02:04 PM PDT by Liz ( Our side has 8 trillion bullets; the other side doesn't know which bathroom to use.)
[ Post Reply | Private Reply | To 4 | View Replies ]


To: Liz

Exactly. An 18-year old in the police academy could sniff that scam out a mile away.


20 posted on 03/12/2019 1:26:26 PM PDT by monkeyshine
[ Post Reply | Private Reply | To 6 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson