A little known conservative group headed by notorious conservative court-packer Leonard Leo received a $1.6 billion donation last year.
Leo is also a huge force behind the confirmation of presidential judge appointees outside of the Supreme Court. During his time as an adviser to Donald Trump, Leo helpedSeid’s donation has nearly quadrupled the amount of funds at Leo’s disposal in his work managing dark money funds. Indeed, when contacted about the donation, Leo toldthat “it’s high time” for the political right to have the funding to combat left-wing philanthropists “to defend our constitution and its ideals.
Because of the Marble Freedom Trust’s status as a 5014 nonprofit — which makes it a “social welfare” group that’s exempt from taxes — the group is allowed to spend money on political advocacy and can directly spend money on elections. The group’s categorization is also financially expedient for Seid, because it allowed him and the organization toso that Seid could avoid paying taxes on the sale of the company. “These actions by the super wealthy are actually costing the American taxpayers to support the political spending of the wealthiest Americans,” Ray Madoff, a professor of tax law at Boston College, told the