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“Political mega-donor” senator sets up fundraising system framed as “investment opportunity” for wealthy donors who can buy “access” even as Loeffler pledges her own millions for her race
ATLANTA — Unelected “political mega-donor” Senator Kelly Loeffler may still be reeling from the fall-out after her coronavirus stock trading scandal, but that isn’t stopping her from launching a “fundraising system that imagines her campaign as a Wall Street-style investment opportunity” for big donors.
As reported by the Daily Beast, Loeffler recently launched a fundraising system that promises “access” to wealthy donors for the right “investment” in her campaign following her “unseemly” stock trades. This new fundraising scheme comes after Loeffler already pledged to funnel at least $20 million into her race to buy her seat outright — yet another sign that she’s feeling the heat in her increasingly competitive contest.
What’s more, Loeffler still has not answered key questions about her stock trading scandal nor placed her assets in a blind trust like her predecessor Senator Johnny Isakson — who called blind trusts “the best way to comply…with the ethics disclosures.”
“Instead of working to win back the trust of everyday Georgians, Senator Kelly Loeffler is doubling down on her shady stock trade scandal with an out-of-touch scheme to court big donors looking for the right ‘investment opportunity’ in her flailing campaign,” said Alex Floyd, spokesman for the Democratic Party of Georgia. “Hardworking Georgians are still waiting for the truth from their senator — but they’ll have to commit thousands to Loeffler’s ‘Wall Street-style’ campaign to get it.”
Read more about Loeffler’s “Wall Street-style” fundraising that gives “access” to big donors:
The Daily Beast: Kelly Loeffler’s Fundraising Committee Takes the Prize for Tone Deafness
May 16, 2023
May 3, 2023
April 26, 2023