Report finds election exploitation through LLC Loophole

State Senator Daniel Squadron

State Senator Daniel Squadron

By Maria Rocha-Buschel

While this will probably not come as a surprise to anyone who’s been following the scandals in Albany this past year, a report by State Senator Daniel Squadron found significant LLC loophole exploitation in state elections contributions, with Tishman Speyer Development LLC one of the names topping the list.

Assemblymembers Brian Kavanagh and Jo Anne Simon, along with Squadron and other advocates, announced the findings of the report last Wednesday.

While the state prohibits corporations from giving more than $5,000 a year to candidates and political campaigns, through the so-called LLC Loophole, limited liability corporations, which are defined as businesses that share attributes of corporations and partnerships, are allowed to donate up to $60,800 to a candidate per election cycle and up to $150,000 a year to candidates and political committees overall. Corporations and individuals are also allowed to set up an unlimited number of LLCs through which to donate, and developers often have an LLC for each of their properties.

“This is why Albany and real estate interests run roughshod,” State Senator Brad Hoylman said of the loophole. “They can manipulate the law. These are often shadowy entities and have multiple owners. They exist primarily to circumvent detection of true ownership. The fact that they’re treated as individuals is outrageous and that needs to be fixed.”

Hoylman is a co-sponsor of Squadron’s bill in the State Senate that would close the loophole.

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Santacon’s organizers deny it’s a pub crawl

Revelers at an East Village bar during a previous year’s Santacon (Photo by Allegra Kogan)

Revelers at an East Village bar during a previous year’s Santacon (Photo by Allegra Kogan)

By Sabina Mollot

Santacon, the annual event in which revelers stumble from one watering hole to the next while dressed as Santa, is apparently not a pub crawl at all.

So say the organizers in an open letter to local elected officials who on Monday, in their own letter, had asked the organizers to rein in the massive event, and publicly disclose its route ahead of time.

Santacon’s letter was signed by the group’s attorney Norman Siegel and nameless “NYC Santacon organizers,” who wrote, “Santacon is not a bar-crawl as you call it. Thousands of your constituents participate in and enjoy Santacon.”

The organizers have steadfastly remained anonymous. This letter, sent to the media via email, came from “Kristopher Kringle” and an interview with a head organizer in Gothamist would only reveal that he was a 40-year-old resident of the East Village.

The letter also claimed that the organizers had disclosed the route for this year’s event, which takes place on Saturday, to the NYPD.

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