Monday, November 5, 2012

Kochs launder $11M for fight to take union money out of Calif. politics

Teamsters at Joint Council 42 phonebanking against Prop 32.
The Benedict Arnold Koch brothers are being investigated by the California attorney general for laundering $11 million in political contributions to support Proposition 32. The ballot question would take union money out of politics but exempt billionaires ... like the Koch brothers. 
It is the largest case of campaign money laundering known in California.

The Los Angeles Times reports an $11 million donation to campaign committees was made through an obscure Arizona nonprofit organization. The nonprofit wouldn't say where the money came from, only that it came from other nonprofits. Those nonprofits are linked to the Koch brothers.
Authorities have been investigating the donation because California regulations say contributors must be identified if they give to nonprofits with the intention of spending money on state campaigns. On Monday, the Fair Political Practices Commission said all of the transfers are proof of "campaign money laundering." 
California Atty. Gen. Kamala Harris said the investigation would continue. 
"This case is not over," she said. "And it will not be over tomorrow,"  Election Day.
The California Fair Political Practices Commission issued a press release today condemning
Americans for Responsible Leadership, the Arizona non-profit corporation that made an anonymous $11 million donation to a California campaign committee, today sent a letter declaring itself to be the intermediary and not the true source of the contribution. It identified the true source of the contribution as Americans for Job Security, through a second intermediary, The Center to Protect Patient Rights. Under California law, the failure to disclose this initially was campaign money laundering. At $11 million, this is the largest contribution ever disclosed as campaign money laundering in California history. 
"The persistence and hard work of the FPPC has won a significant and lasting victory for transparency in the political process," said Ann Ravel, Chair of the FPPC. "We will continue in this matter and all others to ensure that the people of California know who is funding political activity in this State."