Regulator investigates insurance companies funneling $122,500 to Lara campaign.
According to the nonprofit Consumer Watchdog, seven insurance companies have contributed $122,500 to the LGBTQ Caucus, which in turn spent the money on an independent expenditure campaign to re-elect Ricardo Lara as insurance commissioner without disclosing the source of the donations.
Consumer Watchdog filed a complaint with the Fair Political Practices Commission (FPPC) alleging the contributions violated state prohibitions against money laundering and disclosure of earmarked contributions. The FPCC has responded that it has opened an investigation into the allegations.
“Lara and his coordinated IE committees are violating one of the