Mr. Liu's lawyer, Paul Shechtman, said Tuesday that at the time of the mid-2010 wiretaps, Mr. Liu was between election cycles and was raising money to repay his 2009 campaign debt, and there were no city or state requirements to report the identity of fund-raising intermediaries like Mr. Pan.
This matters more and more: a binge of cross-border takeovers has blurred the national identities of fund-management firms, and investors these days look all over the world when choosing money managers.
REUTERS Hedge Fund Managers Keep Some Funds Concealed | The Wall Street Journal reports: "The cryptic monikers, more product barcodes than real handles, enable the hedge-fund managers to shield the identities of their funds from the prying eyes of regulators and outsiders in forms filed with the Securities and Exchange Commission".
The pair of senators pointed to Drexel University sociologist Robert Brulle, who has said Donors Trust does "double duty" by concealing the identity of contributors while funding the climate change denier apparatus.
Senator McConnell doesn't have a constitutional leg on which to stand when he argues against the right of citizens to know the identity of secret donors funding campaign expenditures to influence their votes.
The audit measure is retroactive -- it requires unprecedented disclosure of the identity of businesses, banks, hedge funds, foreign central banks or any other entity that was on the receiving end of Fed largess, and will reveal how much they got and on what terms.
I remember once hearing a noted immigration scholar argue that the publication of Samuel Huntington's 2004 diatribe against Latino immigrants, (in which he argued that massive immigration from Latin America was threatening the foundations of American culture and identity,) opened a floodgate of funding for people working to disprove Huntington's claims.
However the commission did not provide any further information regarding the identity of the donors, or how the funds were spent.
and, as the lawyer in the crowd, I want to clarify that any time the identity of an individual portfolio manager changes, a fund must sticker its prospectus to provide the identity and professional background of the new manager.
