Mysterious, Defunct Company Donates $1 Million to Romney SuperPAC

Republican Presidential candidate Mitt Romney.Brian Cahn/Zuma

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.


NBC’s Michael Isikoff has a bombshell-of-a-scoop on a now-dissolved mystery company that, according to recent campaign fillings, donated $1 million to a super PAC founded by associates of Republican presidential candidate Mitt Romney.

That company, W Spann LLC, was formed in March by a Boston-based lawyer named Cameron Casey who specializes in estate tax planning. Six weeks after its formation, W Spann made a mega-contribution to Restore Our Future, the allegedly independent, Romney-linked “super PAC,” Isikoff reports.

Casey dissolved W Spann on July 12, two weeks before Restore Our Future made its first campaign filling of 2011, disclosing that it had received just over $12 million in contributions in the first six months of they year. From Isikoff:

[T]he most intriguing of the million-dollar donations was from W Spann LLC. Its address was listed on the Restore Our Future campaign report as 590 Madison Ave., a 43-story, ultra-modern office building in the heart of midtown Manhattan.

But there is no public listing for any company called W Spann LLC at 590 Madison. A top executive of Minskoff Equities, the firm that manages the building, told NBC News that he had “never heard of” W Spann and that his management firm has no record of any such tenant.

Casey works as an associate in a law firm called Ropes & Gray’s. That’s where the plot thickens, Isikoff reports:

One of the Rope & Gray’s longtime clients is Bain Capital, the investment firm formerly headed by Romney. It is also one of a number of major companies—including UBS, IBM and Cemex— that have offices at 590 Madison, the address listed for W Spann.

Asked about W Spann, Alex Stanton, a spokesman for Bain Capital said, in an email: “Bain Capital has many employees who actively participate in civic affairs, and they individually support candidates from both parties. The firm takes no position on any candidate, and the entity in question is not affiliated with Bain Capital or any of our employees.”

Thanks to the Citizens United decision—which allowed corporations to contribute unlimited amounts of money to political campaigns—super PACs like Restore Our Future and Karl Rove’s Crossroads GPS have been loading their campaign warchests with millions from undisclosed donors.

The use of a here-today-gone-tomorrow front company like W Spann shows just how far these crafty operatives have become at exploiting what’s left of campaign finance law.

More Mother Jones reporting on Dark Money

IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. It's our first time asking for an outpouring of support since screams of FAKE NEWS and so much of what Trump stood for made everything we do so visceral. Like most newsrooms, we face incredibly hard budget realities, and it's unnerving needing to raise big money when traffic is down.

So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

payment methods

IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate