An explosive report from The New York Times this week outlines how a Swiss billionaire has become a top player in influencing U.S. politics in a manner that helps Democrat politicians win elections even though it is not clear whether the individual is a U.S. citizen.
Democrats getting hundreds of millions in foreign money to win US elections
The report said that Swiss billionaire Hansjörg Wyss has donated massive amounts of money “through a daisy chain of opaque organizations that mask the ultimate recipients of his money.”
“Newly obtained tax filings show that Mr. Wyss’s foundations donated $208 million from 2016 through early last year to three nonprofit funds that doled out money to a wide array of groups that backed progressive causes and helped Democrats in their efforts to win the White House and control of Congress last year,” the report said.
“Mr. Wyss’s representatives say his foundations’ money is not being spent on political campaigning. But documents and interviews show that his foundations have come to play a prominent role in financing the political infrastructure that supports Democrats and their issues.”
In addition to donating heavily to the three non-profits, Wyss’s foundations also directly donated tens of millions of dollars throughout the Trump-era to groups that “opposed former President Donald J. Trump and promoted Democrats and their causes.”
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The Left is totally corrupt and America knows it
Wyss donated to far-left groups that organized grassroot campaigns to increase the turnout of Democrat voters, created media organizations that publish pro-Democrat news, pushed for Trump’s impeachment, and sought to cause other problems for the Trump administration. Officials from his organizations have also worked on the Biden transition or have joined the administration.
Wyss’s political profile gained noticeable attention recently after he was one of the top bidders for the Tribune Publishing newspaper chain before dropping out.
“Born in Switzerland and living in Wyoming, he has not disclosed publicly whether he holds citizenship or permanent residency in the United States,” the report noted. “Foreign nationals without permanent residency are barred from donating directly to federal political candidates or political action committees, but not from giving to groups that seek to influence public policy — a legal distinction often lost on voters targeted by such groups.”
The report comes as Democrats have pushed to rein in dark money in politics, despite the fact that they spent more than double the amount of dark money that Republicans did — $514 million vs. roughly $200 million — during the 2020 election cycle.