All articles tagged with #campaign financing
French far-right party National Rally denounces police raids on its headquarters amid investigations into campaign finance, with party leaders claiming harassment and asserting their innocence, while the party remains popular despite legal setbacks.
French police raided the headquarters of the far-right National Rally party amid investigations into illegal campaign financing and misuse of EU funds, following previous legal issues faced by party leader Marine Le Pen, with ongoing inquiries into campaign funding and financial misconduct involving the party and its affiliates.
Vaughan Gething, the first minister of Wales and the first Black person to lead a national government in Europe, has resigned after less than four months in office due to a controversy over campaign donations and a subsequent vote of no confidence. Despite denying any wrongdoing, Gething stepped down following the resignation of four government colleagues who expressed their lack of confidence in his leadership.
A Paris court has reduced former French president Nicolas Sarkozy's one-year prison sentence for illegal campaign financing to six months, with the other half suspended. Sarkozy, who has faced a series of legal issues, was found guilty of hiding illegal overspending in his 2012 re-election campaign. Despite his legal woes, he remains influential in French politics and has a trial scheduled for 2025 over allegations of taking money from late Libyan dictator Moamer Kadhafi to fund his 2007 presidential bid.
The FBI has seized the phones of New York City Mayor Eric Adams as part of an investigation into campaign financing. The probe is centered on whether Adams' campaign conspired with the Turkish government to receive illegal foreign donations. Adams denies any wrongdoing and has stated that he has nothing to hide. The investigation became known after a raid at the home of Adams' top campaign fundraiser, and the seizure of Adams' electronics marks the first time the investigation has directly involved him. Prosecutors are looking into whether the campaign violated campaign finance laws and if any benefits were given in exchange for donations from foreign entities.
Matt Dolan, a multimillionaire U.S. Senate candidate, financed his campaign through a line of credit with Morgan Stanley, paying a remarkably low interest rate of .832%. Dolan used the line of credit to make personal contributions to his campaign and loaned the campaign additional funds. This financial arrangement is uncommon among wealthy politicians, with only one other senator disclosing a bank loan for campaign financing. Dolan's loan follows a tax avoidance strategy known as "buy, borrow, die," allowing him to limit tax liabilities by borrowing against appreciating assets rather than selling them. While bank loans for political campaigns are rare, they are more likely for wealthy candidates with pre-existing relationships with the bank.