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.
Campaign finance attorneys described the arrangement as really weird and an indication “theres 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)?
Exactly. An 18-year old in the police academy could sniff that scam out a mile away.