One of the Democratic Party’s largest 2016 donors directs an offshore entity named in a massive leak of information on foreign corporations used by the world’s wealthiest people to shield their assets.
Hedge fund manager Donald Sussman has donated more than $7 million since last year to Democratic candidates, party organs, and outside spending groups supporting Hillary Clinton’s Democratic presidential bid.
Sussman, until recently the husband of Rep. Chellie Pingree (D., Maine), is the fifth most prolific donor to Democrats this cycle, according to the Center for Responsive Politics.
According to information leaked to the International Consortium of Investigative Journalists, Sussman is a directorof Simply Radiant Ltd., a company based in the British Virgin Islands.
Sussman’s firm, Paloma Partners, is a Simply Radiant shareholder, as are Paloma subsidiaries Golden Mountain Partners and Sunrise Partners, ICIJ data show. Paul Wolansky, a former managing director at the Paloma Partners, is listed as a Simply Radiant director.
An individual named Harry S. Campbell is also listed as a director. He was previously a director of Cathay Investment Fund Ltd., in which Paloma is a major shareholder.
It was not immediately clear what exactly Simply Radiant is or does. Paloma did not respond to requests for additional information on the company.