Bloomberg campaign hit with FEC complaint for $18M transfer to DNC

A Federal Elections Commission complaint has been filed against former New York City mayor and 2020 presidential hopeful Mike Bloomberg for an $18 million transfer from his defunct campaign to the Democratic National Committee

At the core of the complaint is the tenuous distinction between Bloomberg’s personal finances and those of his presidential campaign. The complaint is unique because of the nature of Bloomberg’s self-funded campaign. He took no outside donations and maintained complete control over the campaign’s finances, and the complaint argues this weakens the legal distinctions normally found between campaign cash and a candidate’s personal wealth.”