Shell game: Hidden owners and motives (campaign, CNN, Obama, million)

[Versatile]

It seems the 2012 election cycle learned tricks employed by criminals and dictators. NBC reported last summer that an anonymous shell company made a $1 million donation to Restore Our Future, a pro-Mitt Romney PAC. The company, which was incorporated this year in Delaware -- a state known for peddling corporate secrecy -- then quickly dissolved, leaving no trace of the person who controlled it.

The negative publicity surrounding this news report led the anonymous donor to identify himself and the PAC to confirm it. But there is no reason to believe that this is the first or the last instance of campaign finance hiding behind the opacity of anonymous U.S. shell companies. Even more troubling, this example demonstrates just how easy it is to exploit U.S. laws and use anonymous companies to funnel money through the financial system.


Shell game: Hidden owners and motives - CNN.com

[dixiegirl7]

I don't think Obama probably wants to go there.

[mb1547]

Originally Posted by Versatile

It seems the 2012 election cycle learned tricks employed by criminals and dictators. NBC reported last summer that an anonymous shell company made a $1 million donation to Restore Our Future, a pro-Mitt Romney PAC. The company, which was incorporated this year in Delaware -- a state known for peddling corporate secrecy -- then quickly dissolved, leaving no trace of the person who controlled it.

The negative publicity surrounding this news report led the anonymous donor to identify himself and the PAC to confirm it. But there is no reason to believe that this is the first or the last instance of campaign finance hiding behind the opacity of anonymous U.S. shell companies. Even more troubling, this example demonstrates just how easy it is to exploit U.S. laws and use anonymous companies to funnel money through the financial system.


Shell game: Hidden owners and motives - CNN.com

Regardless of the candidate or the party (it's not just a R thing), this is the kind of stuff that needs to go. We need to get big money out of elections and move toward publicly funded campaigns.

[Dockside]

OP, this is total bs. All CNN had to do was go to Factcheck.org, and look what they would have found - FactCheck.org : Restore Our Future

But they didn't do that, a major news organization. Instead they head the story with a picture of an arms dealer,in chains, subtly suggesting where Romney gets his money from. This says more about the MSM than any PAC.