Purely Political News and Views - Thursday, December 27, 2012 9:10 - 0 Comments

Mystery Company Was The Largest Corporate Donor Of 2012

It has been reported that a company created less than two months before Election Day was the largest corporate donor of the 2012 elections. Does that seem a bit weird? Interestingly, the company, Specialty Group Inc., still remains shrouded in mystery. The company operated by William Rose, a Knoxville lawyer, donated nearly $10.6 million to a Tea Party-affiliated super PAC in the campaign’s final weeks. During that short time the group blasted Democratic candidates across the country with attack ads. In late October, Kingston Pike Development, another company affiliated with Rose, donated $1.5 million to the same super PAC, FreedomWorks for America.

In a statement issued before Election Day, Rose described the Specialty Group as a real estate investment company and said he was under no duty to disclose more information about his business. According to USA Today, the company was first incorporated on September 26th — just days before its first donation to FreedomWorks for America. On November 28th, its name was changed to Specialty Investments Group Inc. This is a prime example of what has happened to American politics since the U.S. Supreme Court decided the infamous Citizens United case. It’s the sort of thing that will only get worse if Congress doesn’t put a stop to it.