Nevada Senate Race: Anti-Laxalt Funding Traces Back to DC Black Money Network, Foreign Billionaire Group

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A Democratic group preparing to spend millions against Nevada Republican Senate hopeful Adam Laxalt is receiving substantial funding from sources that trace back to a black money network in Washington, D.C., and an entity created by a foreign billionaire, discovered Fox News Digital.

The Somos PAC, a left-leaning committee that targets Latino voters, is in the midst of a $4 million attack ad spending spree on Laxalt, the Republican frontrunner to challenge Democratic Sen. Catherine Cortez Masto in November. The PAC began its seven-figure campaign, which it first revealed to Politico, in mid-May by pouring $1.25 million into media buys and website expenses, an expense report independent committee reviewed by Fox News shows.

Although the Democrats have won Nevada in the last four presidential elections, the Silver State looms as a competitive Senate battleground in this fall’s midterm elections. The Somos PAC appears to be one of the first Democratic groups to attack Laxalt as it is still locked in a Republican primary where it holds a double-digit lead over challenger Sam Brown.

Former Nevada Attorney General Adam Laxalt is campaigning for the 2022 GOP Senate nomination in the key western battleground state.
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Former Nevada Attorney General Adam Laxalt is campaigning for the 2022 GOP Senate nomination in the key western battleground state.
(Adam Laxalt’s Senate Campaign)

Somos PAC operations, meanwhile, are awash with money from anonymous donors. The money entered the committee through groups financially backed or connected to the Sixteen Thirty Fund, a DC-based nonprofit connected to a $1.6 billion black money network run by the consulting firm Arabella Advisors. Some of the wealthiest liberal donors use the network as a conduit to fund Democratic initiatives, ultimately obscuring where the money ends up.

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Somos PAC’s largest midterm election donor is the Family Friendly Action Fund, a New Hampshire-based federal nonprofit. The nonprofit organization has donated $447,150 to Somos PAC through the end of April, nearly 60% of its collection.

Filings with the New Hampshire Secretary of State show that the Family Friendly Action Fund has registered the trade name Somos Votantes, which is an advocacy group that aims to “increase voter participation and provide Latinos with tactical to participate in shaping the future of American politics.” Somos Votantes is the sister organization of Somos PAC.

Donors to the Family Friendly Action Fund are unknown, as the group conceals its funders in its tax records. However, the Sixteen Thirty Fund transferred $1.2 million to the nonprofit in 2020, according to their latest tax forms. Prior to 2020, the Family Friendly Action Fund had never raised more than $442,000 per year since its launch in 2018.

PELOSI-ALIGNED DARK MONEY NON-PROFIT RECEIVED $3 MILLION FROM A GROUP POWERED BY A SWISS BILLIONAIRE

The second Somos PAC contributor for the 2022 election has more direct ties to the Sixteen Thirty Fund and also appears to have ties to an entity set up by a foreign billionaire’s foundation.

Hansjorg Wyss attends the Oceana New York Benefit at the Four Seasons Restaurant on April 1, 2015.

Hansjorg Wyss attends the Oceana New York Benefit at the Four Seasons Restaurant on April 1, 2015.
(Craig Barritt/Getty Images for Oceana)

Change Now sent a check for $175,000 to Somos PAC on April 25, according to filings. The money went to the committee just days after the Sixteen Thirty Fund transferred $200,000 to its coffers. Change Now is fully funded by the Sixteen Thirty Fund.

The Sixteen Thirty Fund also provided $75,000 of in-kind administrative support and polling services to Change Now, according to Federal Election Commission records. Change Now, meanwhile, provided $51,000 of in-kind survey services to the Somos PAC.

Change Now appears to be linked to a secret political operation linked to Swiss billionaire Hansjörg Wyss, who has quietly established himself as a major funder of Democratic causes.

In 2015, the Wyss Foundation, one of two non-profit organizations created by the Swiss financier, created an operation within the Sixteen Thirty Fund and the New Venture Fund, another non-profit organization managed by Arabella, called the Hub Project, The New York Times reported. Years before Wyss was linked to the operation, The Times reported that the Hub project controlled the Change Now PAC.

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Following the revelation of Wyss’ involvement in Democrat advocacy groups, his citizenship came under the spotlight. There is no indication that he is a US citizen, and he has previously said he is not. A 2021 filing with the Securities and Exchange Commission lists Wyss as a “Swiss citizen.”

Wyss also bragged to foreign reporters about his influence in the United States, saying his connections reached the White House. Foreigners can contribute to nonprofit organizations in the United States, but cannot donate directly or indirectly to campaign activities.

Wyss has injected money into the Sixteen Thirty Fund of the Berger Action Fund, its second nonprofit, which shares staff with the Wyss Foundation. Between 2016 and 2020, the Berger Action Fund transferred $135 million to the Sixteen Thirty Fund.

Florida Governor Ron DeSantis appears during a campaign event with Republican Senate candidate Adam Laxalt on April 27, 2022 in Las Vegas, Nevada.  (Ronda Churchill/Getty Images)

Florida Governor Ron DeSantis appears during a campaign event with Republican Senate candidate Adam Laxalt on April 27, 2022 in Las Vegas, Nevada. (Ronda Churchill/Getty Images)

The Wyss Foundation did not respond to questions from Fox News Digital, including about its citizenship. The Somos PAC and the Sixteen Thirty Fund also did not respond to inquiries.

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The Somos PAC brought in $781,000 in contributions at the end of April, meaning the group received an influx of money in early to mid-May to cover the first seven-figure expenses against Laxalt. These donors are not yet public.

The Somos PAC has already received millions of people like America Votes, Michael Bloomberg and George Soros in the 2020 election.

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