Scammers for Hillary (proPublica's story on a Hillary-promoting Super-Pac swindle)
Bernie's statement that "the business of Wall Street is fraud" is proven true yet again.
https://www.propublica.org/article/how-a-dubious-super-pac-boosted-a-questionable-penny-stock?google_editors_picks=true
On Like Donkey Kong: How a Dubious Super PAC Boosted a Questionable Penny Stock
by Robert Faturechi and Derek Willis
ProPublica, May 27, 2016, 5 a.m.
A little more than a year ago, Hillary Clintons imminent entry into the race for the Democratic presidential nomination was setting off political and financial ripples around the country. One of the most unlikely was a spike in the stock price of an obscure Las Vegas company that once built tables for beer pong.
The company, CrossClick Media, had been issuing press releases for months, saying it had won a contract to run call centers and other services for a super PAC called Voters for Hillary. Getting hired by the PAC was a milestone for CrossClick and would lead to growing revenue predicated largely on Ms. Clinton becoming a Presidential candidate and the Company pursuing other clients for our services, the firms chief executive had declared in December 2014.
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It appeared to be a big success. But a closer look at the company and the PAC suggests a different story. Operating in lightly regulated areas of Wall Street and politics, the two entities were closely entwined and their finances werent what they seemed.
CrossClicks shares have sunk back to being nearly worthless, and one of its executives recently described it as insolvent in court records. Meantime, federal campaign reports indicate that Voters for Hillary has spent no money supporting Clinton, or any other candidate for that matter. The great majority of the approximately $500,000 it raised before Clinton announced came in the form of loans, not donations, most of it from registered Republicans. A review of the PACs finances shows it flouted federal campaign finance rules and that some of its lenders or their spouses have faced allegations of securities fraud.