{"id":1969767,"date":"2023-07-11T14:44:02","date_gmt":"2023-07-11T18:44:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/a-new-george-soros-watchdog-warns-foreign-billionaire-is-using-loophole-to-push-leftist-policies-in-us\/"},"modified":"2023-07-11T14:44:41","modified_gmt":"2023-07-11T18:44:41","slug":"a-new-george-soros-watchdog-warns-foreign-billionaire-is-using-loophole-to-push-leftist-policies-in-us","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/a-new-george-soros-watchdog-warns-foreign-billionaire-is-using-loophole-to-push-leftist-policies-in-us\/","title":{"rendered":"Foreign billionaire exploiting &#8216;loophole&#8217; to promote leftist policies in US, warns watchdog. Potential new George Soros?"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fa-new-george-soros-watchdog-warns-foreign-billionaire-is-using-loophole-to-push-leftist-policies-in-us%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1969767&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>A Swiss-born Left-Wing Billionaire Exploits Loophole to Influence American Politics<\/h2>\n<p>A recent report by <a href=\"https:\/\/americansforpublictrust.org\/document\/report-foreign-influence-in-u-s-elections\/\" target=\"_blank\" rel=\"noopener\">Americans for Public Trust<\/a> reveals that Hansj\u00f6rg Wyss, a Swiss citizen and biotechnology magnate worth an estimated $4.9 billion according to <a href=\"https:\/\/www.forbes.com\/profile\/hansjoerg-wyss\/?sh=4c3b6cba66c0\">Forbes<\/a>, is using a legal &#8220;loophole&#8221; to exert his influence on American politics. Wyss has funneled over $475 million through two non-profit organizations, the Wyss Foundation and Berger Action Fund, which then donate to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-hollows-out-trump-era-covid-protections-at-the-border\/\" title=\"Biden Hollows Out Trump-Era COVID Protections at the Border\">left-wing advocacy groups<\/a> in the United States.<\/p>\n<p>Under the Internal Revenue Code, the Wyss Foundation and Berger Action Fund are incorporated as 501(c)(3) and 501(c)(4) organizations, respectively. This allows them to accept foreign donations and contribute to political causes. The majority of the funds have been directed to the Arabella Advisors Network, a for-profit consultancy that manages &#8220;dark money&#8221; donations from left-wing donors.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Swiss Billionaire Hansj\u00f6rg Wyss has funneled nearly $500 million into the liberal dark money network, largely managed by <a href=\"https:\/\/twitter.com\/arabellaadvisor?\">@ArabellaAdvisor<\/a>.<\/p>\n<p>He\u2019s exploiting the \u201cforeign influence loophole\u201d to skirt the ban on foreign nationals influencing US elections. <a href=\"https:\/\/t.co\/5ZyfyHrN8H\">https:\/\/t.co\/5ZyfyHrN8H<\/a> <a href=\"https:\/\/t.co\/zdndwM97Qv\">pic.twitter.com\/zdndwM97Qv<\/a><\/p>\n<p>\u2014 Americans for Public Trust (@apublictrust) <a href=\"https:\/\/twitter.com\/apublictrust\/status\/1678384814540324864?\">July 10, 2023<\/a><\/p>\n<\/blockquote>\n<p>Wyss&#8217; nonprofits have provided funding to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/liberal-groups-break-with-whitehouse-over-controversial-donor-disclosure-rule\/\" title=\"Liberal Groups Break With Whitehouse Over Controversial Donor Disclosure Rule\">prominent left-wing groups<\/a> such as Planned Parenthood, the National Redistricting Action Fund, and the Sixteen Thirty Fund. These organizations play a significant role in advancing a progressive agenda, shaping policy debates, and influencing American elections.<\/p>\n<p>While current federal law only allows U.S. citizens, noncitizen U.S. nationals, and foreign nationals with lawful permanent residency to donate to political candidates, parties, and PACs, Wyss has found a way to exploit this &#8220;foreign influence loophole&#8221; to support his preferred political agenda.<\/p>\n<p>It is worth noting that billionaires George Soros and Pierre Omidyar, who also support left-wing causes, have utilized Arabella Advisors to manage their philanthropy. However, unlike Wyss, they are U.S. citizens.<\/p>\n<p>Wyss, a long-time resident of Wyoming, has not disclosed his immigration status in the U.S. According to <a href=\"https:\/\/www.nytimes.com\/2021\/05\/03\/us\/politics\/hansjorg-wyss-money-democrats.html\" target=\"_blank\" rel=\"noopener\">The New York Times<\/a>, he co-founded and serves on the board of directors of the Center for American Progress, a left-wing nonprofit described by <a href=\"https:\/\/www.politico.com\/news\/2021\/06\/30\/center-for-american-progress-new-leader-497167\" target=\"_blank\" rel=\"noopener\">Politico<\/a> as the &#8220;most influential think tank of the Biden era.&#8221;<\/p>\n<p>In 2021 alone, Wyss&#8217; nonprofits directed $62.7 million towards advancing the Biden administration&#8217;s political agenda. The report also highlights instances of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/a-new-george-soros-watchdog-warns-foreign-billionaire-is-using-loophole-to-push-leftist-policies-in-us\/\" title=\"Foreign billionaire exploiting 'loophole' to promote leftist policies in US, warns watchdog. Potential new George Soros?\">potentially illegal political activity<\/a>, with Wyss donating $120,000 to Democratic candidates between 1990 and 2006, although he was never prosecuted due to the statute of limitations.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Thank you Hansj\u00f6rg Wyss for your transformational gift to support the Institute, ensuring that we can continue to make a positive impact on the world for years to come. @WyssCampaign <a href=\"https:\/\/t.co\/XgxpwOoEEL\">https:\/\/t.co\/XgxpwOoEEL<\/a><\/p>\n<p>\u2014 Wyss Institute (@wyssinstitute) <a href=\"https:\/\/twitter.com\/wyssinstitute\/status\/1591115285792141312?\">November 11, 2022<\/a><\/p>\n<\/blockquote>\n<p>Wyss&#8217; left-wing views are openly expressed in his biography, written by his sister, Heidi. She states that Wyss aims to reinterpret the U.S. Constitution in light of progressive politics.<\/p>\n<p>While a representative of the Wyss Foundation and Berger Action Fund claims that the groups do not engage in political campaigns, Arabella Advisors has not responded to requests for comment.<\/p>\n<div class=\"disclaimer\">\n<p><em>All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter\u2019s byline and their DCNF affiliation. <\/em><\/p>\n<p><em>For any questions about our guidelines or partnering with us, please contact\u00a0<a href=\"mailto:licensing@dailycallernewsfoundation.org\">licensing@dailycallernewsfoundation.org<\/a>.<\/em><\/p>\n<\/div>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/new-george-soros-watchdog-warns-foreign-billionaire-using-loophole-push-leftist-policies-us\/\">A New George Soros? Watchdog Warns Foreign Billionaire Is Using &#8216;Loophole&#8217; to Push Leftist Policies in US<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western Journal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Swiss billionaire, Hansj\u00f6rg Wyss, is exploiting a legal &#8220;loophole&#8221; to wield power in US politics. He is funding two 501(c) non-profit organizations, as revealed by Americans for Public Trust. Wyss, a left-wing biotechnology tycoon with a net worth of $4.9 billion, is using his wealth to exert influence on American affairs.<\/p>\n","protected":false},"author":2073,"featured_media":1969768,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-1969767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1969767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2073"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1969767"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1969767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1969768"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1969767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1969767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1969767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}