Tag

Campaignfinance

All articles tagged with #campaignfinance

Billionaires Poised to Gain from Trump's Potential Second Term

Supporters of Donald Trump are optimistic about the potential returns on their financial contributions to his political endeavors, particularly as he prepares for the 2024 presidential election. They believe that with fewer restrictions and more freedom in his campaign strategies, Trump will be able to leverage their investments effectively. This sentiment reflects a broader confidence among his base that his political influence remains strong within the Republican Party.

via The New York Times|

#campaignfinance #election2024 #politicaldonations

politics1 year ago•4 min saved

Kamala Harris's Persistent Fundraising Amid Campaign Financial Confusion

Despite raising over $1 billion in her unsuccessful campaign against Donald Trump, Kamala Harris continues to solicit donations through the "Harris Fight Fund," a rebranded version of her campaign's joint fundraising operation with the DNC and state Democratic parties. The ongoing fundraising efforts, which target both small and large donors, aim to address campaign expenses and prepare for future political challenges. The campaign's financial situation remains unclear, with some internal frustrations over unpaid staff and outstanding invoices.

via POLITICO|

#campaignfinance #democraticparty #fundraising

politics1 year ago

Crypto Industry's Election Influence Yields Major Political Wins

The cryptocurrency industry has significantly increased its spending on political campaigns, which appears to be yielding favorable outcomes. This financial influence is aimed at shaping regulations and policies that impact the crypto market, highlighting the growing intersection between digital currencies and political processes.

via The New York Times|

#campaignfinance #crypto #elections

politics1 year ago•1 min saved

Record-Breaking Dark Money Fuels 2024 Presidential Race

The 2024 presidential election is projected to be the most expensive in history, with costs nearing $16 billion. Significant contributions include Elon Musk's $118 million to support Donald Trump, while Kamala Harris' campaign raised a record $1 billion in three months. Outside money is playing an increasingly pivotal role in the election process.

via NPR|

#campaignfinance #donaldtrump #election2024

politics1 year ago•6 min saved

"Revelations of Electoral Bond Donors Shake Indian Politics"

Indian politics is in turmoil as leaked records reveal that Indian companies have secretly funneled $2 billion into political parties since 2018, with roughly half going to the ruling Bharatiya Janata Party (BJP). The disclosures have raised concerns about the fairness of the upcoming national elections, with critics alleging that the BJP holds an unfair advantage in fundraising. The revelations also suggest a pattern of companies making donations as they receive government contracts, leading to suspicions of bribery and extortion. The mounting criticism has forced the BJP to defend itself, with Prime Minister Narendra Modi reaffirming his commitment to rooting out corruption.

via The Washington Post|

#bjp #campaignfinance #corruption

crime-and-legal2 years ago•2 min saved

Ex-Michigan Speaker's Associates Deny Embezzlement and Misuse of Political Funds

Former top Michigan legislative staffers, Rob and Anné Minard, were arraigned on multiple felony charges for allegedly embezzling hundreds of thousands of dollars from political accounts. Both pleaded not guilty and were released on bond. They were closely associated with former House Speaker Lee Chatfield and are accused of misusing funds through their consulting firm and a nonprofit account. The case against Chatfield is still ongoing, and the Minards are due back in court for a probable cause hearing.

via MLive.com|

##campaignfinance #crime-and-legal

law-and-government2 years ago•4 min saved

"DOJ Declines Second Trial for FTX's Sam Bankman-Fried Amid GOP Criticism"

The Department of Justice (DOJ) has decided not to pursue a second trial against FTX founder Sam Bankman-Fried for campaign finance violations and other charges, despite his previous conviction on fraud and conspiracy counts. Critics, including Republican lawmakers and figures within the cryptocurrency industry, argue that this decision prevents public scrutiny of political donations and potential influence on regulation. Bankman-Fried, a significant donor to both Democratic and Republican campaigns, allegedly used customer funds for these donations. The DOJ cited the strong public interest in a prompt case resolution and the fact that evidence of the additional charges was already presented in the first trial as reasons for not proceeding with a second trial.

via Daily Mail|

##campaignfinance #cryptocurrency

politics2 years ago•0 min saved

The Controversial Campaign Treasurer Saga of Rep. George Santos

Rep. George Santos has replaced Andrew Olson, whose existence was never verified, as treasurer in his latest federal campaign filing. Citizens for Responsibility and Ethics in Washington (CREW) filed a complaint last week, asking the feds to investigate whether the New York Republican was illegally operating a campaign committee without a treasurer. Santos was indicted on charges related to other problems with his campaign filings.

via The Daily Beast|

#andrewolson #campaignfinance #crew