Washington D.C.'s Democratic attorney general has set his sights on a network linked to conservative judicial activist Leonard Leo, and his attorney says it is 'politically driven.'
The Arabella-managed groups also include the New Venture Fund, Sixteen Thirty Fund and Windward Fund. The funds, which combine to raise more than a billion dollars from anonymous donors annually, act as fiscal sponsors to dozens of liberal nonprofits by providing their tax and legal status to the nonprofits housed beneath them.
The group did not address questions about its millions in grants from the Arabella-managed funds after it broke away from the network.Campaign for Accountability's complaint revolves around Leo's alleged enrichment of himself with fees through his network, which is almost identical to that of Arabella Advisors and the funds it manages.
Meanwhile, Campaign for Accountability's complaint against the Leo-linked groups did not"provide any direct evidence of its accusations," Politico wrote. Still, Schwalb's office is now seeking documents from many of the organizations, according to a source with knowledge of the situation.
France Dernières Nouvelles, France Actualités
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