Two New York Billionaires Each Give $250K to Pro-Cochran Super PAC
Posted at 9:06 a.m. on June 13, 2014
Two New York billionaires have each sent a $250,000 contribution to a Mississippi super PAC supporting Sen. Thad Cochran.
Former New York City Mayor Michael Bloomberg, the billionaire owner of Bloomberg LP, and Sean Parker, co-founder of Napster, have each contributed $250,000 to Mississippi Conservatives, a super PAC supporting the Mississippi senator in his Republican primary runoff.
The Mississippi Conservatives reported receipts of $1,280,000 and disbursements of $1,358,225 for the period May 15 through June 4, leaving $54,375 cash on hand as of June 4.
The major donors included Michael Bloomberg (executive, Bloomberg Inc.) $250,000; Sean Parker (entrepreneur, NY) $250,000; John Nau (president and CEO, Silver Eagle Distributors LP, TX) $100,000; and Joe Sanderson (chairman and CEO, Sanderson Farms, MS) $100,000; among others.
The super PAC also received: $160,000 from American Crossroads (DC); $100,000 from Main Street Advocacy (DC); $50,000 from Bluegrass Committee (DC), the leadership PAC of Sen. Mitch McConnell, R-Ky.; and $50,000 from Texans for a Conservative Majority (TX); among others.
During the period the super PAC spent $999,259 on independent expenditures against Christopher McDaniel, R-Miss., and $71,467 on independent expenditures supporting Sen. Thad Cochran, R-Miss.
On May 30, the Super PAC also made a $220,150 loan payoff to Trustmark Bank (MS). The Super PAC still has not disclosed the owner of a $250,000 certificate of deposit used to obtain the loan.
View earlier posting, “Money Disclosed in Super PACs, Except One.”
To search detailed money-in-politics databases, visit Political MoneyLine.