Via The Drum:
Last month the Democratic National Committee announced a $32 million fundraising haul, suggesting this was evidence of “energy and excitement” for Hillary Clinton’s nomination for the White House .
However , said Bloomberg , the influx of money also owed in part to an “unprecedented workaround of political spending limits that lets the party tap into millions of dollars more from Clinton’s wealthiest donors.”
At least $7.3 million of the DNC’s July total originated with payments from hundreds of major donors who had already contributed the maximum $33,400 to the national committee, a review of Federal Election Commission filings shows, said Bloomberg.
The contributions, many of which were made months earlier, were first bundled by the Hillary Victory Fund and then transferred to the state Democratic parties, which “effectively stripped the donors’ names and sent the money to the DNC as a lump sum.”said the report.