Swiss billionaire Hansjörg Wyss, a foreign national, is not allowed to make political donations. However, he has found a way around this. He has given $72 million in 2021 to the Berger Action Fund, which directs money to nonprofits that don’t have to disclose their donors or expenditures, the Free Beacon reported.
Tax documents and a statement from the group show that of the $72.7 million donated in 2021 by Wyss’ Berger Action Fund, $62.7 million went to two groups that were focused on building public support for Joe Biden’s agenda. That’s a lot of money to be funneled towards a political agenda.
The Sixteen Thirty Fund and the New Venture Fund — two organizations that share the same founder, address and management firm — collectively received $245 million donated by Wyss’ groups since 2016, tax records show. It’s not hard to connect the dots here and see that this money is being used to support a political agenda.
Caitlin Sutherland, executive director of Americans for Public Trust, said Wyss’s giving must come under “immediate scrutiny”. She said, “Tens of millions have been spent promoting President Biden’s radical agenda and propping up liberal candidates. And now we know who financed the bulk of it: foreign national Hansjörg Wyss. Year after year, Mr. Wyss, who is prohibited from giving to candidates directly, routes his money through the Arabella Advisors network to influence American politics and policy.”
It’s no secret that foreign money has been used to influence our elections and policies before. Billionaire George Soros has been doing this for years. But Wyss’s donations are a blatant example of how one wealthy individual is trying to shape our political landscape according to his own agenda. It’s a disturbing reminder of how far some will go to try and push their agenda.
This kind of dark money spending needs to be put to an end. No one person or entity should be allowed to influence the outcomes of our elections and policies. We must demand that the rules governing political donations be strictly enforced so that no one is able to buy their way into influencing our democracy.