Ted Cruz’s Secret Moneymen
OK, this just plain stinks. It has up-to-no-good and cesspool politics written all over it.
Ted Cruz mystery money tracked to Puerto Rico:
A Texas billionaire who moved his residence to Puerto Rico after its island government carved out a lucrative new tax haven for wealthy U.S. investors is a prime fundraiser for a network of super-PACs backing Texas Sen. Ted Cruz for president, according to sources close to Cruz’s campaign.
Toby Neugebauer, the co-founder of Quantum Energy Partners, a Houston-based private equity firm, and the son of a Texas congressman, is playing a key role as donor and fundraiser for an unusual super-PAC arrangement that grabbed attention in political circles this week for raking in $31 million within a few days of being formed — an unprecedented haul for a new presidential candidate, the sources said.
In papers filed with the Federal Election Commission early this week, and first reported by Bloomberg, four separate super-PACs — all with variations on the name “Keep the Promise” — were registered to back Cruz’s candidacy. “The PACs will operate as a single team with one ultimate goal,” Dathan Voelter, an Austin lawyer who registered three of the committees and listed himself as their treasurer, told Yahoo News in an email.
So far, little is known about who is behind the super-PACs, and Voelter declined to discuss the identities of any donors, noting that the committees are not required to make any disclosures until mid-July.
How the right wing media echo chamber spins this I really don’t know. But it’s going to take a mind-numbing bit of fighting through cognitive dissonance to rectify this in the heads of the Cruz faithful if they think he really wants to help the middle class in any way, shape or form.