After Stock Trading Scandal, Loeffler Launches “Wall Street-Style” Fundraising Scheme Promising “Access” to Big Donors

June 12, 2020

“Political mega-donor” senator sets up fundraising system framed as “investment opportunity” for wealthy donors who can buy “access” even as Loeffler pledges her own millions for her race

ATLANTA — Unelected “political mega-donor” Senator Kelly Loeffler may still be reeling from the fall-out after her coronavirus stock trading scandal, but that isn’t stopping her from launching a “fundraising system that imagines her campaign as a Wall Street-style investment opportunity” for big donors.

As reported by the Daily Beast, Loeffler recently launched a fundraising system that promises “access” to wealthy donors for the right “investment” in her campaign following her “unseemly” stock trades. This new fundraising scheme comes after Loeffler already pledged to funnel at least $20 million into her race to buy her seat outright — yet another sign that she’s feeling the heat in her increasingly competitive contest.

What’s more, Loeffler still has not answered key questions about her stock trading scandal nor placed her assets in a blind trust like her predecessor Senator Johnny Isakson — who called blind trusts “the best way to comply…with the ethics disclosures.”

“Instead of working to win back the trust of everyday Georgians, Senator Kelly Loeffler is doubling down on her shady stock trade scandal with an out-of-touch scheme to court big donors looking for the right ‘investment opportunity’ in her flailing campaign,” said Alex Floyd, spokesman for the Democratic Party of Georgia. “Hardworking Georgians are still waiting for the truth from their senator but they’ll have to commit thousands to Loeffler’s ‘Wall Street-style’ campaign to get it.”

Read more about Loeffler’s “Wall Street-style” fundraising that gives “access” to big donors:

The Daily Beast: Kelly Loeffler’s Fundraising Committee Takes the Prize for Tone Deafness

  • As Sen. Kelly Loeffler (R-GA) proclaims her exoneration from allegations of insider trading, she’s simultaneously building a campaign fundraising system that imagines her campaign as a Wall Street-style investment opportunity.
  • The Georgia Republican is offering donors and fundraisers benefit packages to support her re-election bid. Those packages come in three tiers: investor, shareholder, and board member.
  • That’s according to a fundraising brochure obtained by The Daily Beast, which also details each of the benefits that donors can expect from membership in what Loeffler’s campaign refers to as a “co-investor program” and has dubbed its “executive council.”
  • The terms that the Loeffler campaign has chosen for its tiered donor honorees now carry some additional political baggage.
  • Loeffler is doling out these donor perks despite having already loaned $10 million to her own campaign. The Senate’s wealthiest member, she has said she’ll personally spend twice that to win reelection in November.
  • The task became significantly more difficult in March, when The Daily Beast reported that Loeffler and her husband, New York Stock Exchange chairman Jeff Sprecher, had sold off millions of dollars in stock in the weeks after Loeffler attended a closed-door Senate briefing on the novel coronavirus.


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