Although a massive donor swap by former House Majority Leader Tom Delay (R-Texas) got him convicted of money laundering in 2010, donor swapping usually doesn't result in criminal charges.
The Daily News, after reviewing more than 20 transactions in Congressional Representative Michael Grimm's 2010 federal fundraising records, believes that donors and candidates in California, South Dakota, Illinois and Virginia swapped donations totaling more than $75,000.
The News found that Diana Durand, the Houston-based Grimm campaign contributor charged last week in federal court with reimbursing donors to mask more than $10,000 in illegal contributions to Grimm, was the common thread through those 20 donor swaps.
Those swaps are not mentioned in the charges against Durand, but the News believes that at least one of them should be; and that Durand was more deeply involved in Grimm's fundraising than previously known.
According to the News, on March 31, 2010, Grimm and Durand each donated $2,400 to longshot Republican South Dakota congressional candidate Blake Curb. On that same day, a Sioux Falls accountant working at Curb's South Dakota firm donated $4,800 ($2,400 X 2) to Grimm's campaign.
Grimm's involvement in the South Dakota swap is the first link between him and questionable campaign finance tactics, the News said.