A Politico exclusive published Thursday reveals for the first time that a highly secretive Virginia-based group serves as “the Koch brothers’ secret bank,” spending $250 million in 2012 alone “to shape political and policy debate nationwide.”
According to Politico, Freedom Partners, the second largest “shadow money” group in the U.S., funnels money from the Koch brothers and other anonymous right-wing donors to fund numerous “shadow money” campaign groups such as American’s for Prosperity, Center to Protect Patient Rights, and American Future Fund. Freedom Partners has been “cutting checks as large as $63 million to groups promoting conservative causes,” the Politico investigation found.
Freedom Partners has largely flown under the radar until now, but the revelations of how it operates fills in a large piece of the puzzle behind the extensive and elusive money trails of right-wing political spending in the post-Citizens United world.
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The group’s 38-page IRS filing examined by Politico, “amounts to the Rosetta Stone of the vast web of conservative groups — some prominent, some obscure — that spend time, money and resources to influence public debate, especially over Obamacare.”
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