christopher mcdaniel

Two New York Billionaires Each Give $250K to Pro-Cochran Super PAC

Two New York billionaires have each sent a $250,000 contribution to a Mississippi super PAC supporting Sen. Thad Cochran.  

Former New York City Mayor Michael Bloomberg , the billionaire owner of Bloomberg LP, and Sean Parker, co-founder of Napster, have each contributed $250,000 to Mississippi Conservatives , a super PAC supporting the Mississippi senator in his Republican primary runoff.  

Chamber of Commerce Sends $100,000 to Pro-Cochran Super PAC

A Super PAC supporting Sen. Thad Cochran in the 2014 Mississippi Republican Primary has reported receiving $100,000 from the Chamber of Commerce of the U.S. The Mississippi Conservatives PAC  reported  receiving $164,150 and disbursing $61,213 from April 1st through May 14th, leaving $132,600 cash on hand as of May 30th, and $220,150 in debts owed.  

The major receipt was $100,000 from the U.S. Chamber of Commerce received on May 5th. During the period, the PAC paid the law firm of McKenna Long & Aldridge LLP $2,500 for attorney compliance. The committee also repaid $10,000 to Trustmark on a $250,150 loan it received in January. The PAC has $220,150 outstanding. The PAC has never disclosed the owner of a $250,000 certificate of deposit used to secure the loan.  

Money Disclosed in Super PACs, Except One

New federal financial reports from Super PACs continue to show the use of hundreds of thousands of dollars from individuals for impacting on the 2014 elections. However, the big exception is $250,000 from an unknown source that a Super PAC has not identified.  

In a new filing from a Super PAC, New reported it had receipts of $287,291 during April, of which $285,000 was contributed on April 24th by Californian John Jordan , CEO of Jordan Winery. The Super PAC spent $258,444 in April on independent expenditures supporting Monica Wehby, R-Ore., in the Oregon U.S. Senate race. The Super PAC was initially funded with $500,000 from members of the DeVos family.  

Bank Gives $250K Unsecured Loan to Super PAC (Updated)

In an unusual transaction, a Super PAC has reported receiving an unsecured $250,150 loan from a financial institution to use for making independent expenditures in the 2014 primary elections.  

The Mississippi Conservatives , a Republican-oriented Super PAC supporting Sen. Thad Cochran, R-Miss., in the June 3rd Republican primary, reported  it had receipts of $717,993 during the first quarter of 2014, including a $250,150 loan from Trustmark Bank in Jackson, Mississippi. Trustmark (NASDAQ:TRMK) is a publicly traded corporation.