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State firm's cash to Herman Cain may breach federal campaign, tax laws [View All]

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NRaleighLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-31-11 10:17 AM
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State firm's cash to Herman Cain may breach federal campaign, tax laws
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Edited on Mon Oct-31-11 10:36 AM by NRaleighLiberal
Source: WSJ

"Herman Cain's two top campaign aides ran a private Wisconsin-based corporation that helped the GOP presidential candidate get his fledgling campaign off the ground by originally footing the bill for tens of thousands of dollars in expenses for such items as iPads, chartered flights and travel to Iowa and Las Vegas - something that might breach federal tax and campaign law, according to sources and documents.

Internal financial records obtained by No Quarter show that Prosperity USA said it was owed about $40,000 by the Cain campaign for a variety of items in February and March. Cain began taking donations for his presidential bid on Jan. 1.

Prosperity USA was owned and run by Wisconsin political operatives Mark Block and Linda Hansen, Cain's current chief of staff and deputy chief of staff, respectively.

The authenticity of the records was verified by two individuals close to the firm."

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Read more: http://www.jsonline.com/watchdog/noquarter/state-firms-...



Good secondary link is here -

http://tpmmuckraker.talkingpointsmemo.com/2011/10/cain_...

"Long before Herman Cain chief of staff Mark Block was appearing in the most mocked campaign ad of the presidential campaign so far, he and deputy chief of staff Linda Hansen started a Wisconsin corporation that the Journal Sentinel reports illegally helped the GOP presidential candidate get his campaign off the ground.

According to sources and documents obtained by the newspaper, Prosperity USA, founded by Block and Hansen, footed the bill for tens of thousands of dollars in expenses for such items as iPads, chartered flights and travel to Iowa and Las Vegas - something that might breach federal tax and campaign law. Daniel Bice reports:

It is not known if Cains election fund eventually paid back Prosperity USA, which now appears defunct. The candidates federal election filings make no mention of the debt, and the figures in the documents dont match payments made by the candidates campaign.
In addition to picking up these expenses at least initially, Prosperity USA also paid as much as $100,000 to the Congress of Racial Equality, a conservative black organization, shortly before Cain was a featured speaker at the groups annual Martin Luther King Jr. dinner in mid-January."

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