Bannon arrested

#153
#153
This is the standard political grift. Set up a political non-profit, and the expenses include fees for “consultants” which happen to just be a 1 person company owned by the same person. It’s basically what the never-Trump Lincoln Project is. A money-making scheme. Kolfage’s problem is that he claimed he wouldn’t personally benefit from it.
 
#154
#154
golfballs said:
This is the standard political grift. Set up a political non-profit, and the expenses include fees for “consultants” which happen to just be a 1 person company owned by the same person. It’s basically what the never-Trump Lincoln Project is. A money-making scheme. Kolfage’s problem is that he claimed he wouldn’t personally benefit from it.
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The Lincoln Project has spent $14 million in ad buys. Some money making scheme.
 
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#156
#156
This is the $28 million yacht Steve Bannon was arrested on

bannon-yacht-3.jpg


Accused fraudster and former White House strategist Steve Bannon was aboard a $28 million yacht owned by a Chinese billionaire when he was arrested on fraud charges Thursday morning, according to reports.

The boat, the Lady May, is owned by Guo Wengui, one of China’s most wanted fugitives, who is wanted in Beijing on fraud, blackmail and bribery charges, according to the Washington Post.

https://nypost.com/2020/08/20/steve-bannon-was-arrested-on-chinese-billionaires-28m-yacht/
 
#158
#158
carlos86 said:
The Lincoln Project has spent $14 million in ad buys. Some money making scheme.
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How much of the money is still going to companies owned by Lincoln Project board members? It's from May so maybe things have changed? Or maybe not? Seems like a great gig. Create a pac and use it to fund your businesses.

The Lincoln Project reported spending nearly $1.4 million through March. Almost all of that money went to the group’s board members and firms run by them. The super PAC spent nearly $1 million with Summit Strategic Communications, a firm run by Lincoln Project treasurer Reed Galen. Another $215,000 went to Tusk Digital, a company run by Lincoln Project adviser Ron Steslow. Both companies received little business from other federal committees since Trump’s inauguration.

That seven-figure spending, noted earlier by campaign finance expert Rob Pyers on Twitter, comes as the group spends relatively little on direct political activity. The super PAC shelled out $364,000 to Galen and Steslow’s companies to run independent expenditures opposing Trump and his Republican allies in Congress. But just 52 percent of that money went to buying and placing ads, with the rest spent on producing the ads themselves.

The Lincoln Project spent more than $19,000 on one ad opposing Sen. Martha McSally (R-Ariz.). But just one-quarter of that money went to placing the ad online with the rest spent on production costs. In response to the group’s attacks on Senate Republicans, the National Republican Senatorial Committee called The Lincoln Project a “scam PAC” and accused its members of “lining their own pockets.” The Lincoln Project did not respond to a request for comment.

Still, Federal Election Commission filings don’t tell the whole story about The Lincoln Project’s spending. The group buys its television ads through a little-known Maryland firm called Ashton Media, according to OpenSecrets political ads database, but doesn’t disclose paying that firm in FEC filings.

Another firm, Howe Creative, appears to produce some of The Lincoln Project’s ads, but also isn’t listed as being paid by the super PAC. This suggests that Galen and Steslow’s companies are likely paying these firms as subcontractors. This process is also used by the Trump campaign to hide the specifics of its spending.
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Lincoln Project capitalizes on Trump’s rage as its spending comes under scrutiny
 
#159
#159
TheDeeble said:
How much of the money is still going to companies owned by Lincoln Project board members? It's from May so maybe things have changed? Or maybe not? Seems like a great gig. Create a pac and use it to fund your businesses.



Lincoln Project capitalizes on Trump’s rage as its spending comes under scrutiny
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That response seems to be exactly what The Lincoln Project was looking for, as it reportedly raised $1 million shortly after Trump slammed the group on Tuesday. The Republican super PAC has amassed a substantial war chest, but it has come under scrutiny for funneling money to its advisory board members and spending relatively little airing political ads to influence voters. The group also hides some of its vendors by stealthily paying subcontractors, making it difficult to follow the money.
 
#161
#161
TheDeeble said:
How much of the money is still going to companies owned by Lincoln Project board members? It's from May so maybe things have changed? Or maybe not? Seems like a great gig. Create a pac and use it to fund your businesses.

Lincoln Project capitalizes on Trump’s rage as its spending comes under scrutiny
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There’s a but of a difference between someone who says he won’t benefit personally laundering money through a shell company to buy boats and houses vs. a PAC paying disclosed fees to political consultants to conduct focus group research and produce campaign propaganda.

There’s probably some grift involved in both, and there’s probably some legitimate progress from both. Whether it’s legal seems like it’s tied to the expectations of the people giving the money.
 
#163
#163
Franklin Pierce said:
This is the $28 million yacht Steve Bannon was arrested on

bannon-yacht-3.jpg


Accused fraudster and former White House strategist Steve Bannon was aboard a $28 million yacht owned by a Chinese billionaire when he was arrested on fraud charges Thursday morning, according to reports.

The boat, the Lady May, is owned by Guo Wengui, one of China’s most wanted fugitives, who is wanted in Beijing on fraud, blackmail and bribery charges, according to the Washington Post.

https://nypost.com/2020/08/20/steve-bannon-was-arrested-on-chinese-billionaires-28m-yacht/
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Not a good look from the court of public opinions.
 
#168
#168
AirVol said:
How many Dims have done the same? But because they’re (fill in the blank) they look the other way.
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How many Dems misappropriated millions of dollars for their own personal use that was allocated to build a wall between two (2) countries? I'll go w/ zero (0).
 
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