Thursday, August 04, 2011

Romney's Mysterious $1 Million Donation

Update Aug. 6: Romney's secret donor outs himself after watchdog groups filed a complaint:
Edward Conrad, a former executive at Bain Capital, has revealed himself as the mystery donor who gave a $1 million corporate contribution to a special political action committee supporting Mitt Romney.

Conrad stepped forward after campaign watchdog groups filed a complaint with the Federal Election Commission and the Department of Justice demanding an investigation of the secret donation. the Hill
He meant to do it secretly, which is sleazy. Not only that, but Bain Capital was co-founded by Romney:
Conrad gave the contribution to Restore our Future PAC, a pro-Romney group, through W Spann LLC, a corporation that appears to have been specially set up to make the contribution.

W Spann gave the money a few weeks after being established in March and dissolved itself last month. The Hill
On the mystery donor when he was a mystery:
Two campaign reform groups are asking the Justice Department to investigate a mysterious $1 million contribution to a political committee backing Republican presidential candidate Mitt Romney from an obscure company that shut down shortly after making the donation.
The contribution to Restore Our Future, a so-called “super PAC” formed by three former Romney political aides, drew scrutiny following an NBC News report on Thursday.
The firm that gave the money, called W Spann LLC, was formed in March – with no listed officers or directors — made the contribution in April, then dissolved itself in July, according to corporate records.
Fred Wertheimer, the president of Democracy 21, an advocacy group for campaign reform, said the contribution appeared to be “blatantly” designed to circumvent campaign disclosure lawsmsnbc