Back in 2016, The Intercept ran a blockbuster series revealing how foreign businesspeople were illegally laundering massive campaign contributions to Jeb Bush and other GOP presidential hopefuls.
Yesterday, The Intercept's hard work paid off, with the FEC levying record fines against the people named in The Intercept's investigation: $550K to APIC (US affiliate of SingHaiyi Group, a Chinese-owned, Singapore-based real estate firm) and $390K to Right to Rise USA, overseen by the GOP superlawyer Charlie Spies.
What tripped up APIC and Right to Rise USA was a failure to follow the remaining weak restrictions on foreign participation in U.S. elections. According to the FEC, only American citizens may participate in the decision-making process regarding donations from a foreign-owned corporation such as APIC — leaving out foreign individuals such as Gordon Tang and Huaidan Chen.
However, The Intercept’s investigation revealed that the donations to Right to Rise USA were made under the direction of Gordon Tang. In an interview with The Intercept two years ago, Tang told us that his brother-in-law, Wilson Chen, had asked him to “donate, so I did, I don’t really mind.” Wilson, for his part, told us that the donation had been approved by APIC’s board, which included Tang and Chen.
In the course of its investigation, the FEC confirmed that Tang had engaged in “communications regarding the potential APIC contributions to Right to Rise.” The agency also obtained emails from early 2015 that show that Neil had contacted his fellow board members at APIC about providing financial support for his brother’s presidential campaign.
In one email, Neil wrote that Tang had “expressed interest in donating legally through APIC to my brother Jeb’s political action committee.” Huaidan Chen replied to the email with a message to Wilson Chen, noting, “Wilson, Gordon wants you to follow up this matter. Pls check with [APIC’s in-house counsel] and contact him by phone.”
Intercept Investigation Leads to Record Fines Over Foreign Campaign Contributions [Lee Fang/The Intercept]
Elizabeth Warren's bid for the Democratic 2020 presidential nomination has been dominated by a series of bold, detailed policy proposals that are designed to enact deep, structural changes in American law and policy to reverse 40 years of post-Reagan corruption and wealth accumulation by the richest 1%.
Propublica's 2020 Presidential Candidate Summaries breaks down the 2020 candidates' fundraising, Trump's massive war-chest and Bernie's pack-leading raise and his continued success with small-money donations.
Bernie Sanders wants you to know who hates him: billionaire sociopaths like Andrew Pudzer, Kenneth Lagone ("This is the antichrist!"), Lowell McAdam ("contemptible"), Lloyd Blankfein ("dangerous"); Alan Greenspan; Third Way ("an existential threat"), Bernard Marcus ("the enemy"), and more! (via /r/LateStageCapitalism)
Looking to upgrade that old laptop or tablet? Holiday sales may be way on the horizon, but there’s an even better way to get like-new tech for a steal. Here are 10 of our favorite deals on personal computers and gaming gear – refurbished, renewed or brand new. Acer Touchscreen 11′ Chromebook 16GB (Certified Refurbished) […]
Vape technology has been around long enough that vapers are starting to get picky about their gear. Luckily, so are we. From disposable models to cutting-edge touchscreen atomizers, there’s a vaporizer in this roundup to suit every taste. Hera 2 – World’s Most Advanced Dual-Use Vaporizer Choose between dry herb or oil extraction modes – […]
With enough practice and commitment, anyone can be a visual artist. But without the right instruction, that time spent honing your skills could seem like an eternity. If you really want to see where your talent can take you, you need sound fundamentals – and no matter what discipline or genre you lean toward, the […]