TIME: Straw Into Gold: Candidates Trading Leadership PAC Dollars for Campaign Cash
And some think the swaps are little more than an attempt to evade legal limits, since leadership PACs can give no more than $5,000 per election to their own sponsor’s campaign.
“What you’re looking at clearly strikes me as an abuse of leadership PACs that undermines the integrity of basic contribution limits,” said Paul S. Ryan, senior counsel at the Campaign Legal Center. The transactions — even though they don’t involve exactly the same dollars circling back to the original donor — could be considered a form of money laundering, he added.
To read the full article in TIME, click here.