trustmark bank

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.  

Bank Loan to Super PAC Backed by CD of an Anonymous Person (updated)

The Clarion-Ledger reported  this afternoon that the treasurer of the Mississippi Conservatives, a super PAC supporting Sen. Thad Cochran, R-Miss., stated the $250,150 loan it obtained from Trustmark was backed by a certificate of deposit owned by a person he would not name.  

The Clairon Ledger also reported  the Tea Party Patriots Citizens Fund had filed a complaint with the Federal Election Commission alleging the loan to the Super PAC was illegal. Cleta Mitchell of the Foley & Lardner law firm wrote the complaint.  

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.