[Rushtalk] Bloomers on Head wasted 800 million on his ego and gave 18 to the DNC

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Sun May 10 10:29:38 MDT 2020


Bloomberg Campaign Hit With FEC Complaint Over Transfer Of 15 Million To
DNC 
      * 03/30/2020 12:00 AM 
      * Source: American Update 
      * by: AU Staff 

Bloomberg Campaign Hit With FEC Complaint Over Transfer Of 15 Million To
DNC
Wikimedia Commons 


                                    
Michael Bloomberg's now suspended presidential campaign has been hit
with a complaint from the Federal Elections Commission (FEC) over an 18
million dollar transfer to the DNC. As Fox News reports: 

        A Federal Elections Commission complaint has been filed against
        former New York City mayor and 2020 presidential hopeful Mike
        Bloomberg for an $18 million transfer from his defunct campaign
        to the Democratic National Committee.
        
        At the core of the complaint is the tenuous distinction between
        Bloomberg’s personal finances and those of his presidential
        campaign. The complaint is unique because of the nature of
        Bloomberg's self-funded campaign. He took no outside donations
        and maintained complete control over the campaign's finances,
        and the complaint argues this weakens the legal distinctions
        normally found between campaign cash and a candidate's personal
        wealth.
        
        Bloomberg’s ill-fated foray into the 2020 presidential race saw
        him spend more than $900 million of his own money, according to
        FEC filings. After he suspended his campaign and endorsed Joe
        Biden, Bloomberg announced he’d be transferring $18 million to
        the DNC and the campaign’s field offices to state Democratic
        parties. The complaint alleges that both far exceed FEC limits
        on campaign contributions.
        
        “Allowing these kinds of contributions is everything we’ve said
        no to in 40 years of campaign finance jurisprudence,” said Dan
        Backer, the man who filed the complaint through his pro-Trump
        Great America PAC. “Never has this been okay at the federal
        level.”
        


Backer went on to point out that if these kinds of violations were
allowed to continue such practices 'you’re giving democracy to a
billionaire oligarch.'
  




 Source: American Update 

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