Nearly $12 million is missing in financial disclosures for a super political action committee for President Joe Biden, prompting calls for an investigation.
Future Forward said that it received $3.4 million from its associated nonprofit, Future Forward USA Action. But Future Forward USA Action said in tax documents that it passed $15.3 million to Future Forward.
Chauncey McLean, who worked on President Barack Obama’s presidential campaigns, leads both Future Forward and its nonprofit.
Future Forward didn’t respond to requests for comment.
The Washington Free Beacon first reported on the discrepancy.
The National Legal and Policy Center (NLPC) filed a complaint with the Federal Election Commission (FEC) requesting that the discrepancy be investigated because it appeared to violate federal law.
Future Forward “has failed to disclose the receipt of approximately $12 million,” the complaint states. It called on the FEC to “launch a full investigation of this complaint by issuing subpoenas for documents and testimony.”
“The question is, where did that money go?” Paul Kamenar, NLPC counsel, told The Epoch Times. Future Forward, he said, “has some explaining to do here with respect to the nondisclosure.”
The NLPC also says that Future Forward USA Action should have disclosed the identity of its donors because the donations appear to have been earmarked for Future Forward, with the nonprofit acting as a mere conduit.
“They’ve got to disclose who the donors were to the [nonprofit], because those are really the donors to the PAC,” Mr. Kamenar said.
Similar investigations have resulted in fines.
The American Conservative Union, for instance, reported receiving $1.7 million and promptly directing it to a PAC, but didn’t disclose the identity of the donor. The FEC determined (pdf) that violated a law that states, “No person shall make a contribution in the name of another person or knowingly permit his name to be used to effect such a contribution, and no person shall knowingly accept a contribution made by one person in the name of another person.”
The FEC fined the organization $350,000.
An FEC spokeswoman told The Epoch Times: “The FEC does not comment on potential or pending complaints. By law, all enforcement matters must remain confidential until they’re closed.”
Read Full Article on TheEpochTimes.com
