Washington, D.C.—Campaign finance watchdog Public Campaign Action Fund called on (pdf) Delaware Attorney General Beau Biden to investigate whether wealthy donors are illegally exploiting Delaware law to fund political committees upon news reports that a company registered in Delaware seemingly for the sole purpose of making a $1 million donation to a Mitt Romney-aligned super PAC, Restore Our Future.
“If Attorney General Biden doesn’t act soon, Delaware is likely to turn into the Cayman Islands of political fundraising,” said David Donnelly, national campaigns director for Public Campaign Action Fund. “This is just another avenue for wealthy donors and maybe even foreign interests to influence who wins and loses American elections.”
The letter urged the Attorney General (pdf) to investigate particularly in light of the “staggering” implications of allowing corporations to form and dissolve in order to make and hide donations after Citizens United v FEC.
MSNBC investigative journalist Michael Isikoff reported this morning that a company called W Spann LLC created in Delaware this past spring dissolved itself shortly after a $1 million donation to a super PAC aligned with former Gov. Mitt Romney (R-Mass.) supporters. According to the story: “The existence of the million-dollar donation — as gleaned from campaign and corporate records obtained by NBC News — provides a vivid example of how secret campaign cash is being funneled in ever more circuitous ways into the political system.”
Public Campaign Action Fund is a national nonprofit watchdog group working to improve America's election laws and to hold elected officials accountable. Learn more at www.campaignmoney.org.