February 20, 2013 |
WASHINGTON - Former U.S. Rep. Jesse L. Jackson Jr. (D-Ill.) and his wife, former Chicago Alderwoman Sandi Jackson, pleaded guilty Wednesday in what prosecutors said was a conspiracy to siphon about $750,000 in federal campaign funds for their personal use. Jackson entered a negotiated plea of guilty on one felony count of conspiracy to commit false statements, wire fraud and mail fraud. He could face years in prison when he is sentenced this summer. Sandi Jackson pleaded guilty to a charge of willingly filing a false tax return, tied to the same allegations that the couple repeatedly tapped the former congressman's campaign fund, used the money for personal expenses and then made fraudulent campaign and tax disclosures to cover up the misconduct.
CALIFORNIA | LOCAL
February 5, 2013 |
In the midst of renewed public outrage over its handling of clergy sex abuse, the Los Angeles Archdiocese is considering a $200-million fundraising campaign that could erase debts brought on by the scandal. The archdiocese has hired a New York company, Guidance In Giving Inc., to study the feasibility of a large-scale fundraiser that would shore up a bottom line hit hard by costly abuse litigation. It would be the archdiocese's first capital campaign in 60 years. The archdiocese's $660-million settlement in 2007 with more than 500 victims was the largest in U.S. history.
CALIFORNIA | LOCAL
November 5, 2012 |
SACRAMENTO - After a frantic court battle, state election officials succeeded Monday in forcing an Arizona group to disclose the identities of contributors that provided $11 million to a California campaign fund. But the revelations added little clarity for voters. The mystery donors turned out to be other nonprofits, whose individual contributors remained secret. The money started with the Virginia-based Americans for Job Security and was transferred to a group called the Center to Protect Patient Rights.
November 4, 2012 |
No one today can overlook that it's California's self-indulgent initiative process that's attracting the big political bucks into the state, the way a magnet attracts scrap iron. Year in, year out, the torrent of spending on initiative campaigns swamps the money spent on traditional candidates. Tuesday's ballot, with 11 propositions attracting $350 million in campaign spending, is another data point. Not even Meg Whitman's gubernatorial campaign in 2010, in which the candidate spent $144 million of her own money on her way to a $160-million bottom line, comes close - and that exercise in futility set a spending record.
June 26, 2012 |
Brother, can you spare $3? It hasn't quite come to that, the commander-in-chief, sunken-eyed, raggedly clothed, tin cup in hand, begging for political pocket change. But the latest solicitation from President Obama is arresting for its subject line - “I will be outspent” - and what it says about the titanic financial forces unleashed in good part by his 2008 campaign. It was, after all, Obama who reversed a promise and opted out of the public finance system, which was instituted as part of the post-Watergate reform movement.
June 13, 2012 |
WASHINGTON - When the Supreme Court ruled that corporations had the right to political free speech, it set loose a tidal wave of campaign money that helped elect a new Congress in 2010 and is now reshaping the presidential race. But the impact of the Citizens United decision has been as surprising and controversial as the ruling itself. Although the high court's 5-4 decision is best known for saying that corporations may spend freely on campaign ads, the gusher of money pouring into this year's campaigns has mostly not involved corporate funds.