Group Urges State Probe of LLC Loophole for Campaign Donations
Via New York Daily News
ALBANY — A good government group urged state election officials Thursday to investigate how deep-pocketed donors use the so-called LLC loophole to circumvent contribution limits.
Citing examples that included corporate giant Cablevision and mega real estate developer Leonard Litwin, the New York Public Interest Research Group urged the state Board of Elections to revisit the issue of “dark money” flowing from limited liability corporations.
“We urge that you investigate whether donations made through LLCs are effectively circumventing the campaign contribution limits and donor disclosure requirements in election law,” NYPIRG’s Russ Haven and Blair Horner wrote in a letter to the Board of Elections.
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