Paradise Papers Reveal Wealthy Donors Funneled $350M into 2016 Election

HeadlineNov 08, 2017
 h06 mercer1

New revelations from a massive trove of documents known as the Paradise Papers reveal Republican super-donors who stored much of their wealth in offshore tax havens pumped more than $350 million into the 2016 election. Some are well-known backers of conservative causes, like casino magnate Sheldon Adelson and Charles and David Koch. Others have sought to keep their activities out of public view, like Warren Stephens, the hidden co-owner of a payday lending company now under investigation for deceiving customers. And billionaire Robert Mercer and his family built a $60 million war chest for conservative causes inside their family foundation by using an offshore investment vehicle to avoid U.S. taxes. The Guardian traces the money directly to future White House chief strategist Steve Bannon of the far-right news outlet Breitbart Media. We’ll have more on the revelations contained in the Paradise Papers’ 13.4 million leaked documents later in the broadcast with Guardian reporter Jon Swaine.

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