{"id":2192363,"date":"2024-03-04T17:19:02","date_gmt":"2024-03-04T22:19:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dnc-accuses-rfk-jr-backing-super-pac-of-violating-federal-law-with-loan-arrangement\/"},"modified":"2024-03-04T17:21:31","modified_gmt":"2024-03-04T22:21:31","slug":"dnc-accuses-rfk-jr-backing-super-pac-of-violating-federal-law-with-loan-arrangement","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dnc-accuses-rfk-jr-backing-super-pac-of-violating-federal-law-with-loan-arrangement\/","title":{"rendered":"DNC claims RFK Jr.-backing super PAC broke federal law via loan setup"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/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%2Fdnc-accuses-rfk-jr-backing-super-pac-of-violating-federal-law-with-loan-arrangement%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=2192363&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>The DNC Accuses Pro-RFK Jr.\u200c Super PAC of Hiding $10 Million in Loans<\/h2>\n<p>The Democratic \u2064National Committee (DNC) is taking aim at\u200c American Values \u200d2024, a super PAC supporting\u200c Robert\u200b F. Kennedy Jr.&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mike-lee-opponent-evan-mcmullin-embraces-left-wing-abortion-activism-denounces-pro-life-repeal-of-roe-v-wade\/\" title=\"Mike Lee Opponent Evan McMullin Embraces Left-Wing Abortion Activism, Denounces Pro-Life Repeal Of Roe V. Wade\u00a0\">independent presidential bid<\/a>, alleging that it failed\u2062 to disclose $10 million in loans. In a complaint filed with\u2063 the Federal Election Commission, the\u2063 DNC claims that the\u200d super PAC violated federal law by not disclosing a $10 million loan from Gavin de Becker, with $9.65 million already repaid.<\/p>\n<blockquote>\n<h3>Playing Fast and Loose with\u2063 Election Law<\/h3>\n<p>&#8220;This \u2063is yet another example of \u2064AV24\u2064 playing \u200dfast and\u200b loose with election law,&#8221; stated Mary Beth Cahill, senior adviser to\u200b the DNC. &#8220;It&#8217;s clear that they, along with Robert F. Kennedy Jr. \u2062and his\u200d campaign, don&#8217;t believe \u200dthat the rules apply to\u200b them.&#8221;<\/p>\n<\/blockquote>\n<p>The DNC&#8217;s complaint\u2062 alleges that Timothy Mellon, a major financial supporter of former\u200d President Donald Trump, \u2062contributed $20 million to the PAC. Combined with Becker&#8217;s loans, this accounts for 80% of AV24&#8217;s fundraising receipts. The DNC accuses the PAC \u2064of deceiving the public about its financial support, pointing to press\u2064 releases that failed to\u200c disclose\u2063 the nature of Becker&#8217;s funding as a loan that would be repaid.<\/p>\n<blockquote>\n<h3>Inflating\u2063 Fundraising Numbers and Concealing\u200b Funding Sources<\/h3>\n<p>&#8220;This unprecedented loan arrangement has allowed them to \u200cnot\u200c only inflate their fundraising numbers,\u2062 but\u2064 also \u2063to conceal the extent\u200c to which \u200bAV24 \u2064is almost single-handedly funded by Tim Mellon, Donald \u200cTrump&#8217;s largest donor this cycle,&#8221; Cahill \u200badded.<\/p>\n<\/blockquote>\n<p>Despite requests for comment from the Washington Examiner, neither \u200bKennedy&#8217;s campaign\u2064 nor AV24 responded. The DNC has \u2063previously\u2064 accused RFK\u2062 Jr.&#8217;s campaign of diverting \u2063votes from President Joe Biden, potentially aiding Trump&#8217;s chances of victory. Last month, the DNC \u2064filed an \u2064FEC complaint alleging illegal collusion between AV24 and Kennedy&#8217;s campaign regarding \u200cballot access.<\/p>\n<blockquote>\n<h3>Unprecedented Panic in the Biden Camp<\/h3>\n<p>&#8220;President Biden&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/poll-despite-flood-of-accusations-most-ny-democrats-dont-want-cuomo-to-resign\/\" title=\"Poll: Despite Flood Of Accusations, Most NY Democrats Don\u2019t Want Cuomo To Resign\">sinking approval rating<\/a> and plummeting polling\u2064 numbers\u2062 nationally and\u2064 in key battleground\u2064 states like Michigan\u2064 have triggered unprecedented\u2063 panic in both \u2062the Biden campaign and the Democratic National Committee,&#8221; said Tony Lyons,\u200b co-founder\u200d of AV24, in response to the previous complaint.<\/p>\n<\/blockquote>\n<p>Kennedy has been fighting to\u2063 secure\u200c his name on state ballots ahead of the election. Recently,\u2064 AV24\u2062 confirmed that \u2064Kennedy&#8217;s name will appear on the ballots in two crucial battleground states, Arizona and Georgia. However, \u2063the DNC argues that if \u2062Kennedy wants to\u2063 meet state requirements and get his \u2062name on the ballot in key states, he will be \u200din\u2064 violation of federal rules since he cannot simultaneously comply\u200b with both state and federal laws.<\/p>\n<p><strong>Click here to read more from the Washington\u200d Examiner.<\/strong><\/p>\n<p> <\/p>\n<h2> \u2063How do American Values \u200b\u200d2024 \u2062and Robert F. Kennedy Jr.&#8217;s campaign defend themselves against\u200c the accusation, and what are the grounds \u200bfor their\u2063 defense?<\/h2>\n<p><span>  He super\u200c PAC, in addition to the $10 million loan from Gavin de Becker. However, only $10.35 million was reported in\u2062 the super \u2062PAC&#8217;s\u200d filings with\u200b the Federal Election \u2064Commission, leaving\u2063 out the $10 \u200dmillion loan.<\/p>\n<p>The allegation of\u200d hiding $10 \u200bmillion in loans raises concerns about \u2064transparency and accountability within\u200c\u2062 American Values \u200d2024\u200c and its support for Robert F. Kennedy Jr.&#8217;s presidential campaign. \u2063The DNC&#8217;s complaint seeks\u200b to hold the super PAC accountable for what it perceives as a violation of federal election law.<\/p>\n<p>In\u2063 response to the complaint, \u200cAmerican Values \u200d\u200d2024\u200b and Robert F.\u200d Kennedy \u200bJr.&#8217;s campaign\u2064 have denied any wrongdoing. They argue \u2064that the $10 million\u200d loan\u2063 was\u2064 not required to be disclosed because it was a personal loan to Kennedy \u2064and not \u200ba contribution to the super PAC. \u2062They assert that they \u2064have fully complied with\u2064 all FEC regulations\u2064 and that the DNC&#8217;s accusations are \u2064politically motivated.<\/p>\n<p>However, the DNC remains firm in its claims, arguing that the loan should be considered a contribution\u2064 to the super PAC and, therefore, subject\u2063 to disclosure requirements. This difference\u2062 in interpretation \u200bhighlights the complexities and\u2062 grey areas of \u200bcampaign finance\u2064 regulations, \u200bwhich can be exploited or disputed by political entities.<\/p>\n<p>The accusation against American Values \u200d2024 and\u2063 Robert F. Kennedy \u2063Jr.&#8217;s campaign adds to the ongoing debates surrounding \u2064campaign finance and\u2063 the influence of money in \u2062politics.\u2062 Transparency in \u200ccampaign financing \u200dis crucial to \u200densure\u200c that voters are fully informed about the\u200b financial \u2064support behind political\u2064 candidates and their affiliated\u200d organizations.<\/p>\n<p>The \u2062outcome\u200c of the complaint filed by the DNC will ultimately be decided by the\u2064 Federal\u200b Election Commission. Their decision\u2064 will provide further insight \u2064into the application and enforcement of campaign finance regulations.<\/p>\n<p>Regardless of the\u2062 outcome, this accusation\u200b serves as \u200da reminder that campaigns and political action committees\u200b must prioritize compliance with election laws and regulations.\u200d The public&#8217;s trust\u2063 in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republicans-scrap-potential-house-speaker-debate-report\/\" title=\"Republicans cancel potential House Speaker debate, according to report.\">democratic process relies<\/a> on\u2064 open and transparent campaign finance practices.<\/p>\n<p>As the 2024 presidential \u200belection approaches, it is \u2064essential for all political \u2064entities to uphold the principles\u2062 of transparency,\u2064 accountability, and adherence to election laws. The \u2062allegations made by the DNC\u200b against American Values \u200d2024 and Robert \u200dF. Kennedy Jr.&#8217;s \u200dcampaign underscore\u200c the importance of these principles in \u200cmaintaining the integrity of our democratic system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DNC claims a pro-RFK Jr. super PAC, American Values 2024, failed to disclose $10M in loans, aiming to hinder his independent presidential campaign. The DNC filed a complaint with the FEC, alleging a violation of federal law<\/p>\n","protected":false},"author":2669,"featured_media":2192364,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2023\/12\/rfkjr-1024x576.png","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2192363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2023\/12\/rfkjr-1024x576.png","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2192363","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\/2669"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2192363"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2192363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2192364"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2192363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2192363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2192363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}