A Swiss billionaire is evading bans on foreign donations to political candidates and committees by giving tens of millions of dollars to a web of nonprofits to bankroll President Joe Biden’s agenda.
Hansjörg Wyss, who made billions in the medical device industry, is positioning himself as a megadonor to Democrat-aligned groups despite being forbidden from making political donations as a foreign national. Wyss gave $72 million in 2021 to the Berger Action Fund, which directs money to nonprofits that don’t have to disclose their donors or expenditures. By donating to the fund, Wyss can bypass bans on foreign political […]
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