Is the Hillary Victory Fund using state democratic committees to launder donations from wealthy individuals to the Democratic National Committee? Evidence gathered by Bloomberg would certainly seem to suggest so.
So how does it work? Campaign finance laws specifically restrict the amount of money any single person can give to individual candidates ($2,700), a party’s various state committees ($10,000) as well as a party’s national committee ($33,400). In theory, therefore, that would imply a person would be capped out at $46,100 if he contributed the max his Presidential candidate, his party’s national committee and his party’s state committee. But, that’s just a narrow “interpretation” of the “intent” of the campaign finance laws and Hillary isn’t really all about “intent”…just ask FBI Director Comey.
So, the Hillary Victory Fund has come up with a clever way to use state democratic committees (of which there are 33) as money-laundering tools to effectively increase the amount that can be contributed to the Democratic National Committee from $33,400 to $363,400 (it’s only like 1,000% more than intended).