Corporate giving to super PACs, including by "ghost" corporations, is breaking records this presidential election cycle, The Washington Post's Matea Gold and Anu Narayanswamy report. More and more legal entities are being formed right before they make six- and seven-figure contributions to super PACs: "Many corporate givers this cycle are well-established hedge funds, energy companies and real estate firms. But a significant share of the money is coming from newly formed LLCs with cryptic names that offer few clues about their backers."
Election regulators are failing to take action. The divided FEC has not issued any new rules regarding corporate donations that could violate the federal ban on straw donations.
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