Grimm Used ‘Donor Swapping’ to Skirt Fundraising Limits

The New York Daily News says Rep. Michael Grimm (R-NY) engaged in “donor swapping” in his 2010 campaign, “a controversial practice that allows candidates to sidestep fundraising limits.”

“The swapping works like this: A donor who gives the maximum to Candidate A then donates to Candidate B. In return, a donor or friend of Candidate B gives an identical amount to Candidate A.”

“A Daily News review of 2010 fundraising records found more than 20 transactions suggesting supporters of Grimm and candidates in California, South Dakota, Illinois and Virginia swapped donations totaling more than $75,000.”