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Shady Company Donates a Million Dollars to Mitt Romney Super-PAC, Then Immediately Dissolves

 
 
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 Well, this is shady:

A mystery company that pumped $1 million into a political committee backing Mitt Romney has been dissolved just months after it was formed, leaving few clues as to who was behind one of the biggest contributions yet of the 2012 presidential campaign.

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.

W. Spann LLC was created by Cameron Casey, a Boston estate-tax lawyer in March. A mere six weeks after donating a million dollars to a Mitt Romney super-PAC called "Restore Our Future," it dissolved. Even shadier: it gave a wrong address, listing a building in Manhattan that has "no record of such a tenant," reports NBC. Lawrence Noble, former general counsel for the Federal Election Commission, unsurprisingly has questions about its legality.

If the only purpose of W Spann’s formation was to contribute to the pro-Romney group, “There is a real issue of it being just a subterfuge” and that could raise a "serious" legal issue, Noble said. Even if that is not the case, he added, “What you have here is a roadmap for how people can hide their identities” when making political contributions.

Read the full story here.

AlterNet / By Julianne Escobedo Shepherd

Posted at August 4, 2011, 5:00am

 
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