Colbert Super PAC - Trevor Potter & Stephen's Shell Corporation

  • Aired:  09/29/11
  •  | Views: 50,731

Trevor Potter helps Stephen create his own shell corporation so that he can obtain secret donations for his Super PAC. (4:43)

HAVING ONE

( LAUGHTER )

HERE TO HELP ME MAKE MY MOVE TO

SECRECY AND OBFUSCATION

COMPLETELY TRANSPARENT, PLEASE

WELCOME FORMER GENERAL COUNCIL

TO THE McCAIN CAMPAIGN, AND MY

PERSONAL LAWYER, MR. TREVOR

POTTER.

TREVOR, NICE TO SEE YOU

( CHEERS AND APPLAUSE )

YOU WANT SOME HAM ROLLS HE'S

NOT-- HE'S NOT KOSHER.

ALL RIGHT, NOW, TREVOR, I'VE GOT

ALL THESE PEOPLE DOWN AT THE

BOTTOM OF THE SCREEN WHO HAVE

BEEN GIVING ME MONEY, INDIVIDUAL

AMERICANS, BUT I HAVEN'T GOTTEN

ANY OF THE BIG CORPORATE MONEY.

THAT'S WHY I HAVE A SUPERPAC.

WHY WOULDN'T A CORPORATION GIVE

MONEY?

>> WELL, THEY'D BE NERVOUS ABOUT

GIG IN A WAY THAT THEIR NAME IS

PUBLICLY DISCLOSED.

PEOPLE MIGHT OBJECT TO WHAT

THEY'VE DONE.

THEIR SHAREHOLDERES, THEIR

CUSTOMERS.

>> Stephen: OKAY, SO THAT'S

WHERE A C-4 COMES IN.

A CORPORATION OR INDIVIDUAL CAN

GIVE TO A C-4 AND NOBODY GETS TO

KNOW THEY IT.

>> THAT'S RIGHT.

>> HOW CAN I GET ONE.

>> AND THAT MONEY CAN BE USED

FOR POLITICS.

>> Stephen: GREAT, THAT'S

GOOD, TOO.

>> WE NEED TO GET YOU ONE.

>> Stephen: AS LONG AS IT

GOES THROUGH ME, IT CAN GO

THROUGH ANYTHING AT THE PRESENT

TIMES.

HOW DO I GETS ME ONE, TREVOR?

>> WELL, LAWYERS OFTEN FORM

DELAWARE CORPORATIONS WHICH WE

CALL SHELL CORPORATIONS THAT

JUST SIT THERE UNTIL THEY'RE

NEEDED.

>> Stephen: SOME ANONYMOUS

SHELL CORPORATION?

>> RIGHT.

AND I THOOP HAVE ONE HERE IN MY

BRIEFCASE.

>> Stephen: LET'S SEE IT.

OKAY, WHAT'S IT CALLED.

>> IT'S CALLED ANONYMOUS SHELL

CORPORATION

( LAUGHTER )

REGISTERED--

>> Stephen: THAT'S NOT A REAL

RIPPING TO IT, TREV.

>> REGISTERED IN DELAWARE.

>> Stephen: I DON'T HAVE TO

GO TO DELAWARE, DO I?

>> NO, IT'S ALREADY BEEN DONE

FOR YOU.

>> Stephen: OKAY, ANONYMOUS

SHELL CORPORATION FILED IN

DELAWARE.

OKAY, I GOT THIS.

SO NOW I HAVE A C-4?

>> RIGHT.

NOW WE NEED TO TURN IT INTO YOUR

SHELL CORPORATION, YOUR

ANONYMOUS ONE, AND WE DO THAT BY

HAVING NORMALLY A BOARD OF

DIRECTORS MEETING.

>> Stephen: AND WHO'S ON THE

BOARD OF DIRECTORS?

>> WELL, JUST YOU.

WE CAN JUST--

>> Stephen: SOUND LIKE A NICE

GROUP OF PEOPLE.

LET'S DO IT.

LET'S CALL-- OKAY.

( LAUGHTER )

AND I'VE SHATTERED MY CHAMPAGNE

GLASS

( LAUGHTER )

I HOPE-- I HOPE THERE'S NO

SENSITIVE ELECTRONIC EQUIPMENT

DOWN THERE.

ALL RIGHT, CALL TO ORDER.

LET'S COTHIS THING.

>> ALL RIGHT, SO, THIS SAYS THAT

YOU ARE THE SOLE DIRECTOR OF THE

CORPORATION.

>> Stephen: I AM.

>> AND THAT YOU ARE NOW ELECTING

YOURSELF PRESIDENT, SECRETARY,

AND TREASURER.

>> Stephen: SOUNDS LIKE A

GREAT BOARD.

>> AND ARE YOU AUTHORIZING THE

CORPORATION TO FILE THE PAPERS

WITH THE I.R.S. IN MAY, 2013.

>> Stephen: SO I COULD GET

MONEY FOR MY C-4, USE THAT FOR

POLITICAL PURPOSES AND NOBODY

KNOWS ANYTHING ABOUT IT UNTIL

SIX MONTHS AFTER THE ELECTION.

>> THAT'S RIGHT.

AND EVEN THEN THEY WON'T KNOW

WHO YOUR DONORS ARE.

>> Stephen: THAT'S MY KIND OF

CAMPAIGN FINANCE RESTRICTION.

OKAY, ANOTHER SO NOW I'VE SIGNED

IT.

I HAVE A C-4?

>> YOU HAVE A C-4.

IT'S UP AND GOING.

>> Stephen: SO WITHOUT THIS,

I AM TRANSPARENT.

WITH THIS, I AM OPAQUE.

( LAUGHTER )

WITHOUT IT, YOU GET TO KNOW.

WITH IT, YOU GO TO HELL.

( LAUGHTER )

WITHOUT IT, HERE'S WHO GAVE ME

MY MONEY.

WITH IT, YOU KNOW WHAT?

YOUR MOTHER GAVE ME MY MONEY.

WELL, I LIKE THAT, TREV.

( CHEERS AND APPLAUSE )

OKAY, OKAY, SO NOW I CAN GET

CORPORATE, INDIVIDUAL DONATIONS

OF UNLIMITED AMOUNT FOR MY C-4.

WHAT CAN I DO WITH THAT MONEY?

>> WELL, THAT C-4 COULD TAKE OUT

POLITICAL ADS AND ATTACK

CANDIDATES, OR PROMOTE YOUR

FAVORITE ONES, AS LONG AS IT'S

NOT THE PRINCIPAL PURPOSE FOR

SPENDING ITS MONEY.

>> Stephen: THE PRINCIPAL

PERSON IS AN EDUCATIONAL ENTITY,

RIGHT.

I WANT TO EDUCATE THE PUBLIC OF

WHAT PEOPLE CAUSE EARTHQUAKES.

>> THERE ARE PROBABLY SOME

C-4s DOING THAT K-I TAKE THE

C-4 MONEY AND DONATE IT TO MY

SUPERPAC?

>> YOU CAN.

>> Stephen: WELL, WAIT, WAIT,

SUPERPACS ARE TRANSPARENT.

>> RIGHT --

>> Stephen: AND THE C-4 IS

SECRET.

>> UH-HUH.

>> Stephen: SO I CAN TAKE

SECRET DONATIONS IN MY C-4 AND

GIVE IT TO MY SUPPOSEDLY

TRANSPARENT SUPERPACK.

>> AND IT WILL SAY GIVEN BY YOUR

C-4.

>> Stephen: WHAT IS THE

DIFFERENCE BETWEEN THAT AND

MONEY LAUNDERING?

>> IT'S HARD TO SAY

( LAUGHTER )

( APPLAUSE ).

>> Stephen: WELL, TREVOR,

THANK YOU SO MUCH FOR SETTING ME

UP IN THIS BRAVE NEW WORLD

( CHEERS AND APPLAUSE )

TREVOR POTTER,

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