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Donor made “one of his 10 largest contributions ever” to a super PAC backing Loeffler as major business decision pended before NYSE, owned by Loeffler and Sprecher’s company ICE
ATLANTA — A new Salon report today revealed that a super PAC supporting unelected “political mega-donor” Senator Kelly Loeffler received millions in contributions from GOP donor Ken Griffin at the same time that he had pending business before the NYSE run by Loeffler’s husband, Jeff Sprecher.
Just “one day after the Wall Street Journal reported that one of his companies, Citadel Securities…had reached an initial agreement to buy one of its competitors,” Griffin made “one of his 10 largest contributions ever” to a pro-Loeffler super PAC being bankrolled by Sprecher. Griffin’s acquisition was later finalized the same day he gave several thousand to another PAC supporting Loeffler as well.
This isn’t the first time Loeffler’s shady conflicts of interest with her company ICE have raised questions about her and her husband’s ethical conduct. In addition to her coronavirus stock trading scandal, Loeffler stepped into a “‘minefield’ of potential ethical issues” on Day 1, serving on a Senate committee that’s “an overseer of the overseers of the company that made her rich” while ICE continues to lobby Congress — including on legislation Loeffler claims to support. Sprecher himself was even recently caught investing in companies “set to benefit” from the “then-secret” CARES Act while Loeffler was serving on the HELP Committee.
“Once again, Senator Kelly Loeffler’s conflicts of interest leave Georgians questioning whether their senator works for them or for her and her husband’s company,” said Alex Floyd, spokesman for the Democratic Party of Georgia. “This is big money Washington politics at its worst, and further proof that Loeffler is only looking out for herself and her super wealthy corporate pals in the Senate, not hardworking Georgians.”
Read more about Loeffler and her husband’s latest shady donor scandal:
Salon: This hedge-fund billionaire is a huge fan of Sen. Kelly Loeffler — but why?
May 16, 2023
May 3, 2023
April 26, 2023