Adam Schiff Funneled Millions To Defense Contracto
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While Rep. Adam Schiff (D-CA) campaigns for a Senate seat on a platform of earmarks for local causes, the 12-term Congressman has been busted steering millions in taxpayer dollars to for-profit defense contractors, many of whom have been political donors to his campaigns.
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Quote:
According to an investigation by Politico, Schiff "has offered an incomplete and potentially misleading account of his record on earmarks."
A POLITICO review of congressional earmarks and political contributions found that in addition to the money for homelessness and drug treatment, Schiff also steered millions to for-profit companies and raised tens of thousands for his House reelection campaigns from corporate executives and people connected to them. The review was mostly limited to publicly available data from the brief three-year window when corporate earmarks were disclosed.
In two particularly egregious cases, Schiff channeled millions in funding to Smiths Detection and Phasebridge, Inc., two defense companies within his district - with $6 million steered to Smiths Detection and $3 million to Phasebridge. Both moves would have been barred under reforms adopted in 2010. This financial maneuvering coincided with Schiff receiving $8,500 in contributions from PMA Group PAC and two family members of Paul Magliocchetti, founder and owner of the lobbying firm retained by both defense companies.
In 2011, Paul Magliocchetti was sentenced to 27 months in prison for making illegal campaign contributions.
Read the full article...
https://www.zerohedge.com/political/busted-ad...-donations
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