Democratic Super PAC Hits Jackpot With Chinese Company Stock
May was packed with primary congressional elections, giving political donors and special interests plenty of opportunities to try to influence outcomes.
“The super PAC may feel a debt of gratitude to Karla, not to Baidu,” said Brendan Fischer, director of federal and FEC reform at the Campaign Legal Center. “The timing of the donation and selling of the shares was close. One scenario that might have raised eyebrows: If the group held on to the shares, leaving the financial interests of the super PAC tied up with the financial success of the company. But it doesn’t seem like that was at play here.”