Hillary Clinton’s presidential campaign has transferred nearly $150,000 of leftover campaign funds to a company she solely owns in the months following her election defeat, according to filings with the Federal Election Commission (FEC).
The Clinton campaign has paid $149,457 to ZFS Holdings LLC, since May 2017 for the purpose of “rent,” FEC filings show, but the campaign has left it unclear if it’s paying at, above or below fair market value for the office space it’s renting.
If ZFS is undercharging the Clinton campaign for rent, it could “constitute something of value to the committee and would thus be an in-kind contribution,” according to a 1995 FEC ruling. But if ZFS is overcharging the campaign, it could mean campaign funds are going to the company Clinton solely owns.
Using campaign funds for personal use is a violation of federal campaign law. According to Campaigns and Elections, “knowing and willful” violations of the personal use rule can result in prosecution and jail time.
Clinton registered ZFS as a single-member LLC shortly after she left the Department of State in early 2013 for the purpose of managing her speech and book income, according to financial disclosures she filed with the FEC.
What Is The Clinton Campaign Renting From Clinton’s Personal Office?
Clinton signed a lease in 2014 for personal office space on the 27th floor of Tower 45 in Midtown Manhattan, according to news reports at the time. But ZFS is the actual leaseholder, according to CompStak Inc., a provider of real estate data.