Rory Reid responds to campaign finance probe
ReviewJournal.com:
"Former Democratic guberatorial candidate Rory Reid on Monday provided documents related to his losing campaign that is the subject of an investigation by Secretary of State Ross Miller.
The documents are bank records from more than 90 political action committees, or PACs, that received money from a larger Reid-created PAC and then donated it to his official campaign account for his unsuccessful run against Republican Brian Sandoval.
In Nevada, a single contributor can donate up to $10,000 to a candidate for state office but larger donations to PACs are allowed. Reid's setup allowed for contributors' larger PAC donations to flow through the other PACs and into the campaign account. Under Reid's system the candidate raised more than $900,000 for an organization called the Economic Leadership PAC."
