A new Salon report reveals that Illinois “finance mogul” Ken Griffin donated “big chunks of cash” to a Super PAC supporting Loeffler and bankrolled by her husband, New York Stock Exchange Chairman Jeff Sprecher. Those donations included a massive $2 million contribution just days after news reports that Griffin’s company was poised to make a major buyout that had required the NYSE’s approval.
Further complicating the conflict of interest is the fact that “Loeffler herself sits on a Senate committee that oversees Wall Street and the financial markets.” The circumstances and timing of Griffin’s donations to Loeffler “illustrate the haze of money, power and influence” surrounding the Senate’s wealthiest member. According to one securities law expert, “it’s safe to assume that the donations are being made because Citadel stands to benefit by keeping her in office.”’ Loeffler is already facing growing scrutiny into her numerous stock trading scandals while in office and shady business practices as a former corporate executive.
“Senator Loeffler is a walking conflict of interest who can’t be trusted to put hardworking Georgians ahead of her billionaire friends on Wall Street,” said DSCC spokesperson Shea Necheles. “Time and time again, Loeffler has proven that Kelly is for Kelly and this is just another troubling example of her flagrant political corruption.”
IN CASE YOU MISSED IT
Salon: This hedge-fund billionaire is a huge fan of Sen. Kelly Loeffler — but why?
By Roger Sollenberger
Key Points:
###
Next Post