Rocag said:

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There's got to be some loophole that page isn't saying. Rich people regularly give more than those stated limits to PACs and to support specific candidates. So if Elon Musk really did want to give $45 million a month to support Trump, how would he actually do that?

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Well, Musk did say that he wasn't actually doing that...but, I don't know.

But, for the subject of this thread, perhaps THIS is one of the loopholes?

Quote:

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$50 limit on anonymous contributions:
An anonymous contribution of cash is limited to $50. Any amount in excess of $50 must be promptly disposed of and may be used for any lawful purpose unrelated to any federal election, campaign or candidate.

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If someone wanted to donate $50,000 anonymously, splitting it into 1000 $50 contributions from a bunch of people that don't know that they're donating allows that money to go to candidates...

Upon further research, the answer is that there is a difference between a PAC and a Super PAC.

From FEC:

Quote:

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PACs include separate segregated funds (SSFs), nonconnected committees and Super PACs.

SSFs are political committees established and administered by corporations, labor unions, membership organizations or trade associations. These committees can solicit contributions only from individuals associated with a connected or sponsoring organization.


By contrast, nonconnected committees as their name suggests are not sponsored by or connected to any of the aforementioned entities and are free to solicit contributions from the general public.

Super PACs (independent expenditure only political committees) are committees that may receive unlimited contributions from individuals, corporations, labor unions and other PACs for the purpose of financing independent expenditures and other independent political activity.

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But then why hide it a big donation by laundering it through smaller donors records?

evestor1 said:

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anyone dumb enough to donate money to any political campaign deserves to lose it in my opinion.


no need to sit around complaining about it regardless of which side you are on.


that said - they dont call them dims for nothing!

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one of the dumber takes i have seen in a long time- holy smokes

Rocag said:

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Upon further research, the answer is that there is a difference between a PAC and a Super PAC.

From FEC:

Quote:

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PACs include separate segregated funds (SSFs), nonconnected committees and Super PACs.

SSFs are political committees established and administered by corporations, labor unions, membership organizations or trade associations. These committees can solicit contributions only from individuals associated with a connected or sponsoring organization.


By contrast, nonconnected committees as their name suggests are not sponsored by or connected to any of the aforementioned entities and are free to solicit contributions from the general public.

Super PACs (independent expenditure only political committees) are committees that may receive unlimited contributions from individuals, corporations, labor unions and other PACs for the purpose of financing independent expenditures and other independent political activity.

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Ah...fair enough.

I wasn't sure of the rules totally...

I am still confused.
Who can and can't contribute
quote from the article
Who can't contribute
Campaigns are prohibited from accepting contributions from certain types of organizations and individuals. These prohibited sources are:

• Corporations, including nonprofit corporations (although funds from a corporate separate segregated fund are permissible)
• Labor organizations (although funds from a separate segregated fund are permissible)
• Federal government contractors
• Foreign nationals
• Contributions in the name of another

These regulations are complex and to me confusing.

My suspicions are mostly illegal contributions from foreign sources and LLCs. (Not based in any knowledgeable basis)

I do wonder why there has been zilch reported in any news media that I could find.

Foreverconservative said:

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BREAKING: A massive scandal has emerged from the donations ActBlue received on the day Joe Biden dropped out; reports indicate that $20 million from Swiss billionaire Hansjörg Wyss was broken down into over 1.6 million donations across 400,000 donors

Hansjörg Wyss is looked at… pic.twitter.com/rOaBsM1l2s

— George (@BehizyTweets) July 23, 2024

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For context:
ActBlue Story Update: How A Progressive Swiss Billionaire Could Be Key
quote from the article

• Foreign billionaires are not allowed to contribute and affect our elections. That hasn't stopped Swiss benefactor Hansjörg Wyss from admitting to "six figures of illegal donations in the 1990s," according to Mark Hemingway of RealClearInvestigations.
  Hemingway has just penned an investigative piece on Wyss that refers to OMG's investigation showing an Act Blue donation hitch that has the markings of a sophisticated money laundering operation because Wyss himself may be key.
  He brazenly admitted to illegal donations after the statutes of limitations had passed on the illegal act, almost as if he was intent on proving how willing he is to make good on what his own sister has described as his intention to "[re]interpret the American Constitution in the light of progressive politics."

Every political reporter understands how this works. It was well known that Act Blue has disabled all the normal checks on CC verification. At one point the name doesn't have to match the card, the zip nada. Pretty sure that's still the case. They pay a higher CC fee b/c of it but it allows them to essentially launder money openly

aezmvp said:

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Every political reporter understands how this works. It was well known that Act Blue has disabled all the normal checks on CC verification. At one point the name doesn't have to match the card, the zip nada. Pretty sure that's still the case. They pay a higher CC fee b/c of it but it allows them to essentially launder money openly

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I really don't expect any law enforcement agency to investigate. Very disturbing.

Update:

Virginia AG is looking into this officially

https://www.baltimoresun.com/2024/08/04/fox45-virginia-ag-presses-dem-fundraising-platform-on-suspicious-donations/

Ellis Wyatt said:

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Funky Winkerbean said:

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Who exactly is going to do anything about it?

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No one. They always take illegal donations. They've done it in every cycle at least since Clinton and the Buddhist monks. They find a loophole and exploit it to take foreign money or huge sums from wealthy individuals. They will never comply with the law.

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Jeez I can still here al gore in that horrible monotone voice repeating again and again and again that "no laws of any controlling legal authority were broken".

You want to clean up govt corruption it starts with winning the WH and putting honest people at the top of the DOJ, especially AG. There's no chance of this happening if Trump loses, as we know.

Maybe some of the state AGs can get some traction but I'm not optimistic without having the DOJ.