Read more on this subject: Politics: Democratic Campaigns
News Story Source: https://www.zerohedge.com
The chief of staff to Democratic Socialist Rep. Alexandria Ocasio-Cortez reportedly funneled more than $1 million in political donations from two political action committees he founded into two of his own private companies, reports the Washington Examiner, citing a Monday complaint filed with the Federal Election Commission.
The cash transfers from the PACs — overseen by Saikat Chakrabarti, the freshman socialist Democrat's chief of staff — run counter to her pledges to increase transparency and reduce the influence of "dark money" in politics.
Chakrabarti's companies appear to have been set up for the sole purpose of obscuring how the political donations were used.
The arrangement skirted reporting requirements and may have violated the $5,000 limit on contributions from federal PACs to candidates, according to the complaint filed by the National Legal and Policy Center, a government watchdog group. -Washington Examiner
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