Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Capital Research Center (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Did Hansjörg Wyss Violate Federal Election Law?

% of readers think this story is Fact. Add your two cents.


If you’ve never heard the name Hansjörg Wyss (pronounced “Veese”), it’s time to meet one of the Left’s most influential—and least visible—mega-donors.

This Swiss billionaire made the news last month when New York Times reporter Ken Vogel exposed him as “a leading source of difficult-to-trace money to groups associated with Democrats” using a “daisy chain of opaque organizations” to mask the hundreds of millions of dollars Wyss has poured into left-wing politics.

He has been called the “new George Soros” for funding a host of environmentalist groups, though Wyss has a fraction of the notoriety of that Hungarian-born billionaire. But unlike Soros, Wyss is not a citizen or permanent resident of the U.S., making him perhaps the most powerful foreign individual meddling in American elections with almost no criticism from liberals.

Wyss and Friends

We’ve revealed how the Wyss Foundation funneled millions into the multi-billion-dollar “dark money” network run by Arabella Advisors for its “Hub Project,” a center for shaping the Left’s digital and messaging strategy in order to give Democrats an edge in the 2018 and 2020 elections. We also pulled back the veil to expose Wyss’s funding of the National Redistricting Action Fund, Eric Holder’s campaign to gerrymander America’s congressional districts to favor Democrats.

That reporting grabbed the attention of watchdog groups including Americans for Public Trust (APT), which recently filed a complaint with the Federal Election Commission (FEC) alleging campaign finance violations by Wyss, the Wyss Foundation, and its associated advocacy arm the Berger Action Fund, as well as Arabella’s New Venture Fund and Sixteen Thirty Fund.

Arabella Advisors is a for-profit consulting firm founded by former Clinton administration staffer Eric Kessler, who started his career as an environmental activist for the League of Conservation Voters. The firm controls four nonprofits (the “sisters”) with vague names and a common address: the 501(c)(3) New Venture Fund, Hopewell Fund, and Windward Fund and the Sixteen Thirty Fund, Arabella’s 501(c)(4) lobbying shop. Each of these nonprofits pays the company for the privilege of being staffed and led by Arabella folks ($137 million since 2008). All four are behemoths—bringing in $731 million from difficult-to-trace donors in 2019 alone.

Crossing Federal Lines

Federal law draws sharp lines between the limited lobbying allowed by 501(c)(3) nonprofits and the more expansive lobbying allowed (c)(4) nonprofits, as well as between the independent expenditures (c)(4) groups are allowed and the electoral activities of a political action committee (PAC). Nonprofits, with some limited exceptions, aren’t intended to be vehicles for getting candidates elected to public office; PACs are.

The evidence that Wyss and Arabella crossed those legal lines is damning. According to APT, “Mr. Wyss indirectly funded federal electoral advocacy through his nonprofit organizations,” failing to set them up as political action committees (PACs), and “the intended recipient of these funds was ultimately a variety of organizations whose primary purpose is to engage in electoral advocacy.”

Wyss established the Hub Project, a front for the “dark money” funder New Venture Fund and the recipient of significant funding from the Wyss Foundation, in order “to avoid any connection with the sizeable election activities carried out by the Hub Project and Change Now,” a super PAC associated with the Hub Project.

“Operating since 2015 without the requisite FEC filing,” APT writes, “the Hub Project has been immune to any oversight and accountability despite significant spending in federal election.” It adds:

The Hub Project has served as a vehicle for the political spending of Mr. Wyss. This is demonstrated by the fact that Mr. Wyss has not publicly disclosed his role in founding the Hub Project. Neither his influence nor his financial support can be found anywhere on the group’s website. Rather, information regarding his involvement with the Hub Project was the result of “interviews with five people with knowledge of The Hub Project, an internal memo from another liberal group that was obtained by The New York Times.”

Interestingly, Wyss was caught in 2016 making roughly $41,000 in illegal campaign contributions to multiple Democrats from 1998 to 2003 (non-citizens are barred from funding campaigns).

So far as this writer can tell, Wyss never paid a penalty for his illegal donations—a powerful example of lefty billionaire privilege.

 

For more on Hansjörg Wyss and his funding of the Left, see our report “Inside the Foreign-Funded ‘Hub Project’ to Transform America.”



Source: https://capitalresearch.org/article/did-hansjorg-wyss-violate-federal-election-law/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.