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☆ How an Elon Musk-backed PAC is gathering data to boost Trump
▼ + stars: | 2024-08-02 | by ( Brian Schwartz | ) www.nbcnews.com time to read: +8 min

How do I start?”The ad then displays a website for a group called America PAC. “I have created a PAC, or a super PAC ... the America PAC,” Musk said in a recent interview. But what is unique about America PAC’s project is who is backing it and the timing of its creation. The America PAC raised over $8 million between April 1 and June 30, according to FEC records. He recently said on X that he is “making some donations to America PAC,” but did not say how much.

Persons: “, Donald Trump, Trump, they’ll, Elon Musk, Kamala Harris, ” Musk, Musk, ”, Brendan Fischer, Fischer, ” Fischer, Phil Cox, Generra Peck, Dave Rexrode, Doug Leone, Cameron, Tyler Winklevoss, Joe Lonsdale, Lonsdale, Harris, Daniel Weiner, Brennan, Matthew Baum, Baum, Weiner Organizations: Google, America PAC, Tesla, Republican, Democratic, Forbes, PAC, Facebook, YouTube, America, “ America PAC, Trump, The New York Times, FEC, Harvard Kennedy School Locations: Michigan, California, Wyoming, Pennsylvania, Georgia, Arizona , Michigan, North Carolina , Nevada , Pennsylvania, Wisconsin, America, Trump

☆ How an Elon Musk PAC is using voter data to help Trump beat Harris in 2024 election
▼ + stars: | 2024-08-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

The ad then displays a website for a group called America PAC. "I have created a PAC, or a super PAC ... the America PAC," Musk said in a recent interview. But what is unique about America PAC's project is who is backing it and the timing of its creation. He recently said on X that he is "making some donations to America PAC," but did not say how much. Musk on X mirrors Musk PAC

Persons: Elon Musk, The Beverly Hilton, David Swanson, Donald Trump, Trump, they'll, Kamala Harris, Musk, Brendan Fischer, Fischer, Phil Cox, Generra Peck, Dave Rexrode, Doug Leone, Cameron, Tyler Winklevoss, Joe Lonsdale, Lonsdale Organizations: SpaceX, Tesla, The Beverly, Reuters, Google, America PAC, Republican, Democratic, Forbes, PAC, Facebook, YouTube, America, Trump, The New York Times, FEC Locations: Beverly Hills , California, U.S, Michigan, California, Wyoming, Pennsylvania, Georgia, Arizona , Michigan, North Carolina , Nevada , Pennsylvania, Wisconsin

☆ Republican megadonor Jeff Yass, inner circle give millions to shape schools, courts
▼ + stars: | 2024-04-09 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

The firm and the foundation are twin enterprises of Republican megadonor Jeff Yass, and a small group of allies. The foundation is run by Yass and other veteran Susquehanna executives, according to the documents that are current through 2022. The Susquehanna Foundation is one of two foundations that Yass and his closest friends have funded and led. The other foundation is even less well known: the Claws Foundation. Similar to Susquehanna, Claws is the charitable arm of one person: Arthur Dantchik, a co-founder of Susquehanna International Group with Yass, is the sole listed donor to Claws Foundation.

Persons: Jeff Yass, Arthur Dantchik, Dantchik, Brendan Fischer, Summer Lee, Donald Trump, Jeffrey Yass Organizations: Republican, Susquehanna Foundation, Susquehanna International Group, Susquehanna, Claws Foundation, Susquehanna International, Sterling Foundation Management, CNBC, Cato Institute, Institute for Justice, Supreme, Atlas Network, Competitive Enterprise, Competitive Enterprise Institute, Susquehanna Growth Equity Fund III, Moderate PAC, Democratic Rep, Politico, Democratic Locations: Yass, Bala Cynwyd, Pennsylvania, Susquehanna, Virginia, Dantchik, Washington, Pitchbook

☆ Trump's deals to sell Bibles, sneakers and perfume are unprecedented for a presidential candidate, experts say
▼ + stars: | 2024-03-29 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

"I can't think of any other modern example of a presidential candidate hawking an array of goods for their private benefit," Fischer said. The website for the Bibles says it has no link to Trump's campaign. It instead uses Trump's name, likeness and image under paid license from a company called CIC Ventures LLC. Lessig noted that Trump's business moves do not appear to be violating campaign ethics or financial rules. A Trump campaign spokesman did not immediately respond to CNBC's request for comment.

Persons: Donald Trump, hawking, Joe Biden, Trump, Lawrence Lessig, Brendan Fischer, Fischer, Lee Greenwood's, Greenwood, Republican nominee's, Lessig Organizations: Trump, Trump —, White, Harvard Law School, CNBC, Republican, New York Times, Ventures, CIC Ventures Locations: Florida, West Palm Beach , Florida, Philadelphia

☆ How the fortune of one of America’s biggest pharmaceutical families has quietly funded conservative causes
▼ + stars: | 2024-03-03 | by ( Casey Tolan | ) edition.cnn.com time to read: +21 min

From The Searle Freedom TrustThis year, the Searle trust is poised to play an even bigger role as it empties out its coffers. Researchers who study political nonprofits say that the Searle trust has had a major impact, even as the Searle family has stayed under the radar compared to more well-known conservative benefactors. The Searle trust is one of the most prolific funders of conservative groups among all private foundations, according to a CNN analysis of nonprofit tax data. The Searle trust has given millions to the Foundation for Government Accountability, which has worked behind the scenes to push conservative policies such as stricter voting laws. Dennis, the CEO of the Searle trust, is also the chair of DonorsTrust.

Persons: Searle, Daniel C, Trump, Donald Trump, ”, Galen Hall, who’s, Kimberly Dennis, ” Searle, “, Sarah Scaife, doesn’t, Michael B, Thomas, SPN, They’ve, ” Brendan Fischer, Brendan Fischer, “ They’ve, ” Hall, Caleb Rossiter, ” Galen Hall, movement’s MAGA, It’s, Mike Pence, that’s, Dennis, Henry Ford, John D, Rockefeller, ” Fischer, Gideon, Michael Searle, ” Dennis, “ We’re, Dan, Gideon Daniel Searle, Daniel Searle, Jonathan Eig, Jack Searle, Daniel Searle’s, Gregory Pincus, John Rock, Pincus, weren’t, –, Sue, Eig, Margaret Marsh, Enovid, misoprostol, Searle –, Pfizer –, ” Daniel Searle, Donald Rumsfeld, Searles, Biden, Wade, Dobbs, Kristen Batstone Organizations: CNN, Searle Freedom Trust, University of Michigan, Sarah Scaife Foundation, Searle, American Enterprise Institute, Reason Foundation, Tax Foundation, Manhattan Institute, Cato Institute, Foundation, Government, State Policy Network, American Legislative Exchange Council, Fair, Pacific Legal Foundation, Federalist Society, Competitive Enterprise Institute, Environment Research Center, CO2 Coalition, Heartland Institute, ”, CO2, Heartland, Republican Party, movement’s, America, Policy Institute, Trump, American Freedom Foundation, Everett, FDA, Rutgers University, Pfizer, Monsanto, Heritage Foundation, Reason, Affordable, New Civil Liberties Alliance, Public Policy Center, Claremont, National Women’s Health Network, Trust, IRS Locations: Missouri, St, Louis , Missouri, California, judgeships, ”, Omaha, Metamucil, Dramamine, Puerto, Brazil, Diet Coke, America

☆ Republican megadonor Mercer family weighs backing Trump as they maintain massive war chest
▼ + stars: | 2023-11-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

Robert Mercer and Rebekah Mercer attend the 2017 TIME 100 Gala at Jazz at Lincoln Center on April 25, 2017 in New York City. Robert Mercer and his daughter, Rebekah, have not yet made a final decision on whether they'll publicly back Trump, these people said. A representative for the Mercer family did not return a request for comment. As they weigh their options on whether to get involved with helping Trump again, the Mercer family has a practically unparalleled private war chest ready to be deployed. The Mercers came into the pivotal 2024 presidential election cycle with just more than $88 million stashed away in their private nonprofit, the Mercer Family Foundation.

Persons: Robert Mercer, Rebekah Mercer, Donald Trump's, Rebekah, they'll, Kellyanne Conway, Mercer, Trump, Brendan Fischer Organizations: Jazz, Lincoln Center, Republican, Trump, Mercer Family Foundation, CNBC, Technologies Locations: New York City

☆ GOP presidential candidate Vivek Ramaswamy offers 10% commission to his grassroots fundraisers
▼ + stars: | 2023-07-10 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Republican presidential candidate Vivek Ramaswamy speaks during the Moms for Liberty Joyful Warriors national summit at the Philadelphia Marriott Downtown on July 01, 2023 in Philadelphia, Pennsylvania. Republican presidential candidate Vivek Ramaswamy is adding a novel incentive to his grassroots fundraising operation: paying supporters back a chunk of what they raise for his campaign. Ramaswamy's campaign did not immediately say which agency will conduct those background checks. Soliciting groups of donors for campaign contributions, or bundling, is commonplace in campaign fundraising. But Ramaswamy's program looks poised to expand the practice beyond the usually small circle of wealthy or well-connected operatives who tap their networks for checks.

Persons: Vivek Ramaswamy, Ramaswamy, Brendan Fischer, Fischer, Dan Weiner, Brennan Organizations: Liberty Joyful Warriors, Philadelphia Marriott Downtown, Republican, Federal, Commission, CNBC, Program Locations: Philadelphia , Pennsylvania

☆ Nonprofit funded by GOP donor Thiel apparently donated to left-leaning group, records show
▼ + stars: | 2023-06-28 | by ( Brian Schwartz | ) www.cnbc.com time to read: +6 min

The New Venture Fund raised over $950 million in 2021, according to the group's records. The listed donation to the New Venture Fund coincided with Thiel helping Republican candidates during the 2022 midterms. Massoglia suggested another scenario: that accountants for the Thiel Foundation may have filled out the forms incorrectly. The New Venture Fund is part of a network of left-leaning nonprofits guided by philanthropic advisory firm Arabella Advisors. Just like the New Venture Fund and the Donors Trust, the Sixteen Thirty Fund does not publicly disclose its donors.

Persons: Peter Thiel, Republican megadonor Peter Thiel, It's, Thiel, Anna Massoglia, OpenSecrets, Massoglia, Mitch McConnell, Brendan Fischer, Thiel Foundation hadn't, George Soros, Arabella Advisors Organizations: PayPal, Palantir Technologies, Founders Fund, Miami Beach Convention Center, Republican, Democratic Party, CNBC, The Thiel Foundation, New Venture Fund, D.C, New Venture, Thiel, Thiel Foundation, The New York Times, Donors Trust, Washington D.C, Google, America, Democratic, America Votes Locations: Miami , Florida, Washington, OpenSecrets, Ky

☆ George Santos hints that $500k 'personal' loan to campaign wasn't his own money, raising campaign-finance violation concerns
▼ + stars: | 2023-01-25 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

The amended filings reveal that a $500k "personal" loan to his 2022 campaign wasn't personally funded. Experts say the amended filings add to the mystery of Santos' questionable financial disclosures. The initial filing showed a box for "personal funds of the candidate" was checked on the entry for the hefty campaign loan, whereas the amended filing leaves that box empty. Campaign-finance experts told The New York Times that the revised filings only add to the mystery of Santos' financial disclosures. Brett G. Kappel, an elections lawyer who focuses on campaign finance and ethics, told The Times that the amended filings raise the possibility of illegality.

☆ George Santos campaign paid staffer nearly $100k to pretend to be Kevin McCarthy's chief of staff and get money from donors
▼ + stars: | 2023-01-10 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

A fundraiser for George Santos allegedly posed as Kevin McCarthy's chief of staff, per CNBC. According to FEC filings, the fundraiser was paid almost $100k by Santos' campaign. According to CNBC, Santos' campaign paid Miele almost $50,000 for fundraising during the embattled lawmaker's failed 2020 run for Congress. Meyer, McCarthy's office, and Santos' campaign did not immediately respond to Insider's requests for comment. The non-partisan watchdog Campaign Legal Center (CLC) also filed a complaint with the FEC on Monday, alleging that Santos and his 2022 campaign violated campaign-finance laws by engaging in a "straw donor scheme."

☆ 'We were duped': How George Santos raised money from wealthy GOP donors while lying about his resume
▼ + stars: | 2023-01-09 | by ( Brian Schwartz | ) www.cnbc.com time to read: +10 min

His name was actually Sam Miele, and he worked for Santos raising money for his campaign, according to one GOP donor who contributed to Santos' campaign. In raising money for his campaign, Santos fed donors the same falsehoods he gave voters, campaign fundraisers and others say. "We were duped," said a Republican political strategist close to GOP donors and the leadership of the Republican Jewish Coalition. The RJC is considered the most prominent group of Jewish Republican donors, making gatherings such as the Hanukkah event key networking platforms for politicians. Vallone gave $17,900 in August between Santos' campaign, his leadership PAC and a joint fundraising committee, according to FEC records.

☆ Watchdog group accuses the Trump campaign and family members of engaging in 'schemes' that hid massive election spending and likely broke federal law
▼ + stars: | 2021-01-28 | by ( Dave Levinthal | Tom Lobianco | ) www.businessinsider.com time to read: +5 min

An election watchdog group has filed an updated complaint with the FEC against the Trump campaign. The Trump campaign "hid an incredible amount of money," Campaign Legal Center Director of Federal Reform Brendan Fischer said in an interview. A spokesman for the Trump campaign did not immediately return a request for comment Thursday morning. As a civil law enforcement body, it may issue fines to political committees and actors it determines have violated federal campaign laws. The Campaign Legal Center has not filed a complaint with the Department of Justice, which is tasked with investigating potential criminal violations of campaign finance laws.

☆ EXCLUSIVE: Lawmakers ask FBI and Federal Election Commission to investigate Jared Kushner-backed Trump campaign company after Insider's reporting
▼ + stars: | 2020-12-19 | by ( Tom Lobianco | Dave Levinthal | ) www.businessinsider.com time to read: +6 min

Trump's campaign and an affiliated committee regularly spent millions of dollars through American Made Media Consultants, according to FEC records. Insider was able to independently verify those details with other sources close to the Trump campaign. A request for comment from the Trump campaign was not immediately returned Friday evening. But in a previous statement to Insider, Trump campaign communications director Tim Murtaugh said Lara Trump and John Pence did nothing wrong. Among those cases is one filed in July by the nonpartisan Campaign Legal Center, which accused the Trump campaign of using American Made Media Consultants to illegally disguise campaign spending.

☆ A pro-Trump super PAC made illegal contributions to the president's reelection campaign, a watchdog group says
▼ + stars: | 2020-12-18 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +5 min

The nonpartisan Campaign Legal Center accused s uper PAC Our American Century spent illegally large sums of money to redistribute Trump campaign political advertisements. uper PAC Our American Century spent illegally large sums of money to redistribute Trump campaign political advertisements. The Campaign Legal Center accused Our American Century of spending up to $251,000 to redistribute an existing Trump campaign video while failing to reveal the super PAC — not the Trump campaign — bankrolled the ad blitz. A representative for the Trump campaign, which is not accused in the complaint of wrongdoing, also could not be reached. Scenes from the Federal Election Commission headquarters located at 1050 First St. NE Friday Sept. 21, 2018.

☆ EXCLUSIVE: Jared Kushner helped create a Trump campaign shell company that secretly paid the president's family members and spent $617 million in reelection cash, a source tells Insider
▼ + stars: | 2020-12-18 | by ( Tom Lobianco | Dave Levinthal | ) www.businessinsider.com time to read: +11 min

American Made Media Consultants became the source of consternation for President Donald Trump's campaign staff, who were kept in the dark about its operations. Despite its $617 million spending through AMMC, the Trump campaign publicly disclosed little information about the company, including how it used the money. Insider independently verified details of this person's account with other people close to the Trump campaign. The shell company — incorporated as American Made Media Consultants Corp. and American Made Media Consultants LLC — allowed Trump's campaign to skirt federally mandated disclosures. "Nothing was done without Jared's approval," the former Trump campaign advisor said.

☆ Legal problems galore await Trump now that he's lost reelection — and, soon, his presidential immunity
▼ + stars: | 2020-11-06 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +14 min

"What the Biden Justice Department will do is let the Justice Department be the Department of Justice," Biden said during an ABC News forum when asked what he'd do about the evidence accumulated during the Mueller investigation. Paul Hennessy/SOPA Images/LightRocket via Getty ImagesAccusations of campaign-finance violationsThe most notable Trump campaign money drama of the moment is a doozy. It involves a complaint filed this summer by the nonpartisan Campaign Legal Center that alleges the Trump campaign "disguised" nearly $170 million worth of campaign spending "by laundering the funds" through companies led by Brad Parscale, his former campaign manager, or created by Trump campaign lawyers. The Trump campaign has denied wrongdoing. They include accusations of illegal solicitation of a foreign national by Donald Trump Jr. and failure to publicly disclose campaign debts stemming from municipal police bills the Trump campaign refuses to pay.

☆ Recounts, debt, and litigation: Here's why Donald Trump keeps asking for your money even while votes are still being counted
▼ + stars: | 2020-11-04 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +7 min

President Trump's campaign sent supporters several solicitations Tuesday imploring them to send more money — even though polls had closed. Donate NOW & receive a 1000%-MATCH," President Donald Trump's campaign wrote supporters around 4 p.m.Trump on Tuesday almost certainly didn't scan names of strangers. During October, the Trump campaign burned through much of its once-sizable cash reserve. The Trump campaign faces significant scrutiny over its financial practices, and former Department of Justice and Federal Election Commission officials tell Insider that federal investigators may already be discreetly investigating the Trump campaign. If so, the Trump campaign will need money to fight.

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