Pro-Trump Group Blew by Basic Campaign Finance Laws

Source: Robert Faturechi and Derek Willis ProPublica, December 9, 2016

The America Comes First PAC did not disclose its donors before Election Day. And its top funder is banned from the securities industry. ….

….As federal regulators continued to wait for the required disclosures, the group posted a photo two days after the election showing Trump meeting with America Comes First secretary David Schamens. It wasn’t until this week that the group finally began filing the disclosure forms. The filings show that the bulk of individual donations to the group came from Schamens. In the early 1990s, Schamens was accused by the Securities and Exchange Commission of securities fraud. In a settlement, he did not admit to the allegations but agreed to be barred from associating with investment companies or securities brokers. Schamens currently is director of a New Jersey technology company that caters to financial institutions and securities traders……