Huffington Post: Koch Industries Subsidiary Admits Illegal Campaign Contributions

– By Paul Blumenthal

July 1, 2011- WASHINGTON — After admitting in June to making illegal campaign contributions, INVISTA, a foreign subsidiary of Koch Industries, finally paid the small $4,700 fine it owed to the Federal Election Commission (FEC) this week.

The case relates to $26,800 in campaign contributions the company made to candidates, political committees, and political party committees from 2005 to 2009. The recipients of the contributions have since paid back the contributions except for the Democratic Governor's Association, which received a $15,000 contribution in 2007.

INVISTA's contributions were disclosed to the FEC after lawyers for Koch Industries discovered the illegal contributions and relayed the information to the FEC for review. The FEC quickly reached an agreement with INVISTA to recoup the contributions from the recipients and to pay the $4,700 administrative fine to the FEC.

INVISTA is a textile fiber and resin company that was purchased by Koch Industries from the DuPont Company in 2004. While the company is based in Wichita, Kansas it is owned by a Luxembourg-based company, which is in turn owned by Koch Industries. Foreign nationals are prohibited from contributing to candidates for election at any level.

VIEW IN ORIGINAL CONTEXT:


'Huffington Post: Koch Industries Subsidiary Admits Illegal Campaign Contributions' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Copyright Kochwatch 2014. All rights reserved.