Common Cause/New York Releases Muckraking Monday on Senator Mike Ranzenhofer
The first briefing focuses on contributions to Senator Mike Ranzenhofer via the LLC loophole from 2005-2015. The LLC loophole was a central issue in the corruption cases against Dean Skelos and Sheldon Silver who both accepted hundreds of thousands of dollars from New York City based Glenwood Management, in return for preferential treatment. New York State law treats LLCs as individuals, as opposed to corporations, subject to the much higher contribution limit. As a result wealthy interests use it to circumvent the campaign finance laws to influence lawmakers and seek favorable policies.