The Money Behind Mark Sanford’s Comeback: Boeing, NRA, Wall Street (Including Firm Directed by Ex-DCI Porter Goss), Among Others

The Money Behind Mark Sanford’s Comeback: Boeing, NRA, Wall Street (Including Firm Directed by Ex-DCI Porter Goss), Among Others

Whom Mark Sanford Owes

May 8 2013

Some big investors got a nice payoff Tuesday when Mark Sanford, South Carolina's disgraced former governor, won back his old House seat.

As Sanford acknowledged in his victory speech Tuesday night in Charleston, he's got a lot to be thankful for. The list could include more than $200,000 in late donations from big Republican donors and interests who bet that the ex-South Carolina governor could overcome a sex scandal and get his political career on track. The group includes 47 organizations and out-of-state givers -- a number of them with ties to the financial industry and libertarian causes.

Their support came as party leaders were shunning Sanford after revelations that his ex-wife was suing him for trespassing -- a charge the congressman-elect has a Thursday court date to answer. Two corporations with facilities in South Carolina, MeadWestVaco, and Boeing, gave $5,000 each from their political action committees. The National Rifle Association gave $2,000 and CTIA, the trade association for the wireless industry, $1,000.

But Sanford's most intriguing pool of late support came from the investment community. He received $5,200 donations -- the maximum permitted under federal law -- from a number of out-of-state givers with ties to financial firms.

  • Howard and Andrea Rich: Howard Rich is a New York real estate developer and long-time supporter of libertarian causes whose many organizations have contributed at least $1.7 million to South Carolina nonprofits. He founded the 501(c)4 group U.S. Term Limits. The group's recommendation for a maximum of three terms for House members will be violated by Sanford when he takes his seat, as it is the same one he occupied for six years in the late 1990s before being elected governor.
  • Richard and Maureen Chilton. According to Chilton's profile on Influence Explorer, Sanford has been his top beneficiary. Chilton is the founder of a Connecticut-based hedge fund. The Chilton Trust, which caters to "ultra high-net worth individuals," recently named former CIA Director Porter Goss, a Florida Republican who served in Congress with Sanford, as a director. Goss is also the chairman of the board of the Office of Congressional Ethics, an independent body authorized by Congress to investigate ethics complaints against lawmakers.
  • Paul and Laura Jost. Paul Jost is a real estate investor and anti-tax activist who after two unsuccessful runs for Congress in Virginia decided to relocate to Florida.
  • Patrick and Carol Welsh. Patrick Welsh of Vero Beach, Fla., has a been an active donor, mostly to Republicans, with a few strategically placed contributions to Democrats on the tax-writing Senate Finance Committee: Max Baucus of Montana, Ron Wyden of Oregon and Chuck Schumer of New York. Welsh works for a New York-based investment firm that specializes in information services and health care.
  • Jeff and Janine Yass. Jeff Yass is the partner of Arthur Dantchik, who also gave Sanford $2,600, in the suburban Philadelphia investment firm Susquehanna International Group. Dantchik and Yass are are libertarian financiers who use poker as a training tool for their traders.

Two partners at another mid-Atlantic investment house, Christopher and Jon Greer, also gave a combined $5,200 to Sanford. Their New Jersey investment firm, GSG Advisors, bills itself as a "wealth management firm serving the needs of affluent individuals, families and closely held businesses."

Another notable out-of-state contributor who maxed-out late to Sanford: Georgette Mosbacher gave $2,600. She's a controversy-prone cosmetics executive and co-chair of the RNC Finance Committee who recently blamed her party's leadership for its losses in the 2012 elections. She divorced the late Robert Mosbacher, a long time confidante of former President George H.W. Bush who served as his secretary of Commerce.

Sanford's Late Donors

Last minute donations by organizations and out of state contributors:

MEADWESTVACO CORP. POLITICAL ACTION COMMITTEE RICHMOND VA $5,000
THE BOEING COMPANY POLITICAL ACTION COMMITTEE ARLINGTON VA $5,000
Maureen  Chilton Darien CT $2,600 Homemaker
Richard L. Chilton Darien CT $2,600 Chilton Investments
Lisa   M. Ferraro New Canaan CT $2,600 None
Michael E. Martino New Canaan CT $2,600 Mason Capital Management
Laura   Jost Miami Beach FL $2,600 Chandler Managment
Paul Jost Miami Beach FL $2,600 Chandler Managment
Carol   Welsh Vero Beach FL $2,600 Homemaker
Patrick  Welsh Vero Beach FL $2,600 WCAS Management
Bill Bean Ft. Wayne IN $2,600 Hanning and Bean
R. Bruce   Dye Ft. Wayne IN $2,600 Heritage Service Corp.
Rosalind Richardson Charlotte NC $2,600 Homemaker
Max C. Chapman Little Falls NJ $2,600 Gardner Capital Management
Chris   Greer Moorestown NJ $2,600 GSG Advisors
Jon Greer Moorestown NJ $2,600 GSG Advisors
Georgette  Mosbacher New York NY $2,600 Borghese, Inc.
Amy Thompson Payne OH $2,600 Brigadoon
Arthur  Dantchik Haverford PA $2,600 SIG
Andrea  Rich Philadelphia PA $2,600 ALG
Howard  Rich Philadelphia PA $2,600 Center for Independant
Janine  Yass Haverford PA $2,600 Homemaker
Jeff Yass Haverford PA $2,600 SIG
Patrick  Byrne Park City UT $2,600 Overstock.com
Richad  Vaughan Houston TX $2,500 PAGF
COUNTRY FIRST POLITICAL ACTION COMMITTEE INC. (COUNTRY FIRST PAC) ALEXANDRIA VA $2,500
FUND FOR AMERICAS FUTURE COLUMBIA SC $2,500
Marcia  Hocker Stuart FL $2,400 Homemaker
Richard  Hocker Stuart FL $2,400 MAH, Inc.
Kristen  Hocker Haddonfield NJ $2,400 Maplewood Senior Living
Robert  L. Luddy Raleigh NC $2,000 Captive Aire
Roger   Ackerman Corning NY $2,000 Retired
Jennifer Bell Saratoga Springs NY $2,000 Homemaker
NATIONAL RIFLE ASSOCIATION OF AMERICA POLITICAL VICTORY FUND FAIRFAX VA $2,000
PETE SESSIONS FOR CONGRESS DALLAS TX $2,000
J. M. Lapeyre New Orleans LA $1,500 The Laitram Corp.
Nelson  Obus Princeton NJ $1,500 Wynnefield Capital
Kevin   Fee Garden City NY $1,500 Reliable Sprinkler
Peter   Lawson-Johnston Greenwich CT $1,000 Guggenheim Partners.com
Edwin   Williamson Washington DC $1,000 Retired
Oliver  Grace Palm Beach FL $1,000 Development Services LLC
F. Harlan  Batrus Mamaroneck NY $1,000 Ryan Labs Asset Management
Michael  Fee Elmsford NY $1,000 Reliable Automatic SprinklerCo
Ronald  Henriksen Houston TX $1,000 Logix Communications
CTIA - THE WIRELESS ASSOCIATION POLITICAL ACTION COMMITTEE WASHINGTON DC $1,000
Dorchester County Republican Party Summerville CA $1,000

http://reporting.sunlightfoundation.com/2013/whom-mark-sanford-owes/