Hillary Clinton has signed up with the Democratic National Committee to help raise money for the party and for state parties. Last summer Hillary Clinton vowed “to rebuild our party from the ground up… when our state parties are strong, we win. That’s what will happen.”
Yet, less than 1% of the $61 million raised by her joint fundraising efforts have actually gone to state parties, according to an investigation by Politico.
The venture known as the ‘Hillary Victory Fund’ is a joint-venture between Clinton’s campaign, the DNC, and 32 state party committees. This gives Clinton the ability to solicit checks from wealthy donors for $350,000 or more via extravagant fundraisers like the one at George Clooney’s house, or the concert at Radio City Music Hall that was headlined by musicians Katy Perry and Elton John.
$3.8 million dollars were transferred to state parties, but then almost immediately 88 percent is transferred back to the DNC, usually within a day or two by the same Clinton staffer who controls the committee.
To sum it up the Victory Fund has transferred $15.4 million to Clinton’s campaign and $5.7 million to the DNC, which will be using most of that to help out Clinton if she becomes the nominee. The majority of the $23.3 million spent directly by the Victory Fund has gone to expenses that benefited the Clinton campaign, including: $2.8 million for “salary and overhead” and $8.6 million for advertisements on the web that are indistinguishable from Clinton campaign ads.
State parties and allies of Clinton are starting to get angry, albeit in private, that Clinton is using them fill her own coffers, while overstating her support of state parties, and accusing Bernie Sanders of not doing enough.
According to Politico multiple sources have even said that the DNC is advising state party officials on how to answer media inquiries about the arrangement in a push back against the charges that it’s boosting Clinton at the expense of the other Democratic candidates running for office.
One official is quoted as saying:
“The DNC has given us some guidance on what they’re saying, but it’s not clear what we should be saying…
I don’t think anyone wants to get crosswise with the national party because we do need their resources. But everyone who entered into these agreements was doing it because they were asked to, not because there are immediately clear benefits.”
Many fundraisers that work for state parties are concerned that this arrangement will actually hurt state parties, instead of help. The worry is that states that aren’t Presidential battleground states and lack competitive Senate races will see very little if any monetary assistance from the DNC or Clinton campaign.
Even more concerning is that in some contested states donations from rich investors may not be allowed as the checks written to the Victory Fund counted towards their $10,000 donation limit to state parties, even if the party never spent a single dime of that money.
According to the agreements signed by participants of the Victory Fund the money is required to be distributed as follows: The first 2,700 goes to the Clinton Campaign, the next $33,400 goes to the DNC, the remainder is distributed among the 32 state parties.
However, after that initial distribution what happens to that cash is controlled by the Clinton campaign. Beth Jones is the treasurer of the Victory Fund, and FEC filings show that within 1-2 days of disbursing the money to state parties identical sums were then transferred from the state parties back to the DNC, which has been working as an adjunct for the Clinton campaign.
Here’s an example of how this worked: the Minnesota Democratic-Farmer-Labor Party received $43,500 from the victory fund on Nov. 2, and returned it to the DNC on the same day. This repeated again on Dec. 1 for $20,600, and again on Jan. 4, for $150,000. Minnesota’s net gain from participating in the victory fund is $0 through the end of March.
The DNC however pocketed nearly $215,000 that was essentially laundered through Minnesota. Most of that money is money that the DNC would not have been able to accept directly as it came from donors already maxed out in donations to the national party.
The more corruption and blatant abuse of the law by Hillary Clinton, the more I wonder about her elect-ability. First there was her email investigation a criminal investigation via the FBI and now money laundering. Do we want a President who can’t even be honest and obey the laws of the land?
Be sure to read the Bernie Sanders Press Release: “Politico Exposes Clinton Campaign ‘Money-Laundering’ Scheme“
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