A Democratic-aligned dark money group that receives significant backing from a foreign billionaire is dumping tens of millions of dollars into influencing ballot initiatives ahead of November’s election, according to a new report.
The Sixteen Thirty Fund received $143 million in backing from the Berger Action Fund, a nonprofit bankrolled by Swiss billionaire Hansjorg Wyss, between 2019 and 2022. This election cycle, the Sixteen Thirty Fund has spent nearly $23 million on ballot initiatives in a number of swing states on issues like abortion, minimum wage policy and election reform, according to a report from watchdog group Americans for Public Trust (APT).
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