Firm dissolves after giving pro-Romney PAC $1M
WASHINGTON (AP) — A mysterious company gave $1 million to an independent political committee supporting former Massachusetts Gov. Mitt Romney for president and then quickly folded, raising questions about the donation.
W Spann LLC was incorporated in Delaware in March and made a $1 million contribution to the PAC in April. In July, the company was dissolved.
NBC News, which first reported on the donation, says the company was formed by a Boston lawyer whose law firm has represented Bain Capital, which Romney helped found.
Restore Our Future, the PAC, raised $12.2 million during the first six months of 2011 and was created by former aides to Romney. The outside group is not officially connected to Romney and can receive unlimited funds from individuals and corporations because of a recent Supreme Court ruling.