"The complaint alleges that Mahan's campaign and the independent expenditure committee amassing millions of dollars to back him shared information about campaign timing and strategy."
"Independent expenditure committees can take in and spend unlimited sums from donors, but cannot work directly with candidates, who are bound by strict donation limits."
"Moritz is a San Francisco retired venture capitalist heavily involved in Democratic political giving at the local, state and federal levels who in 2021 founded the San Francisco Standard."
"The pro-Mahan PAC Back to Basics has accumulated more than $15 million as of April 21; Secretary of State filings indicate that Moritz has given $1 million and Caruso $1.5 million."
A state ethics complaint claims Matt Mahan, a candidate for California governor, illegally coordinated with super PAC leaders and wealthy donors regarding campaign strategy. The complaint, filed with the California Fair Political Practices Commission, accuses Mahan and major donors Michael Moritz and Rick Caruso of violating laws that prohibit coordination between candidates and independent expenditure committees. The pro-Mahan PAC, California Back to Basics, has raised over $15 million, with significant contributions from Moritz and Caruso. The complaint highlights concerns over campaign finance regulations and candidate independence.
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