New York Attorney General Investigating US Chamber Of Commerce, Other NonProfits For Laundering Contributions

This is huge, major, awesome news. Finally, finally, finally someone is investigating money-laundering nonprofit organizations like the U.S. Chamber of Commerce, who recently admitted to funneling secret multi-million dollar contributions from AHIP

220px-Schneiderman2.jpeg
This is huge, major, awesome news. Finally, finally, finally someone is investigating money-laundering nonprofit organizations like the U.S. Chamber of Commerce, who recently admitted to funneling secret multi-million dollar contributions from AHIP to astroturf organizations in order to stoke hate for the Affordable Care Act.

Eric Schneiderman noticed. Via The New York Times:

Attorney General Eric T. Schneiderman of New York has begun investigating contributions to tax-exempt groups that are heavily involved in political campaigns, focusing on a case involving the U.S. Chamber of Commerce, which has been one of the largest outside groups seeking to influence recent elections but is not required to disclose its donors.

Mr. Schneiderman issued a wide-ranging subpoena on Tuesday to executives at a foundation affiliated with the chamber, seeking e-mails, bank records and other documents to determine whether the foundation illegally funneled $18 million to the chamber for political and lobbying activities, according to people with knowledge of the investigation.

The investigation is also looking at connections between the chamber’s foundation, the National Chamber Foundation, and another philanthropy, the Starr Foundation, which made large grants to the chamber foundation in 2003 and 2004. During the same period, the National Chamber Foundation lent the chamber $18 million, most of it for what was described as a capital campaign.

When Mr. Schneiderman has received the documents he seeks with regard to the U.S. Chamber of Commerce, perhaps similar subpoenas could be issued to Freedomworks, Americans for Prosperity, and the 60+ Association?

Here's one question I have, though. Why does it have to be the New York Attorney General opening these investigations? Why isn't this a matter for the IRS to address?

About karoli

karoli's picture
Card-carrying member of we, the people.

Comments

We welcome relevant, respectful comments. Please refer to our Terms of Service for information on our posting policy.