Purple PAC, a super PAC created by former Federal Election Commission Chairman Brad Smith and Cato Institute founder Ed Crane, raised $575,000 from the time the group launched in early May through the end of June, new FEC filings show.
Only four donors contributed, but they provided significant cash. The group received two $250,000 contributions — one from Richard Masson, a Kentucky horse breeder, and another from Pennsylvania-based options trader Jeffrey Yass, who also sits on the board of the Cato Institute.
Washington, D.C., entrepreneur Philip Harvey donated an additional $50,000 to Purple PAC, while New York real estate developer Howard Rich chipped in $25,000, according to FEC records.
Tuesday, July 30, 2013
Comeback Attempts: First Weiner, Then Spitzer, Now Crane
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