ActBlue Officers; Persons of Interest in Massive Money Laundering Scheme

Just one pathway that pays for the big cheat; there's more, much more!

Prescott, AZ, October 1, 2024… ActBlue Real Property Money Laundering Research Brief to the American People: While conducting research into a nationwide money laundering scheme widely known as “smurfing” by ActBlue, the Election Fairness Institute (EFI) research team identified 422 identical contributions, all occurring on June 30, 2023, submitted for the benefit of Tennessee State Representative Justin Jones, all made through the ActBlue donor portal. On the same day, the same 422 people contributed the exact same amount of money to ActBlue, earmarking it for Maxwell Frost.

ActBlue is a major funding source for Democratic election campaign financing.

Research on the potential interconnections between the two individuals revealed that many of the addresses and phone numbers were suspicious as legitimate donors because they had moved or had changed phone numbers. In essence, they were improper under Federal Elections Commission (FEC) campaign finance rules. But even more was gleaned from the public records.

ASSIGNMENT: Determine

• When did ActBlue start running what appeared to be a “smurfing” operation?

• How is the money generated?

• How did the money enter the ActBlue system?

RESEARCH METHOD:

Professional fee-for-service wholesale online data companies, including LexusNexus, Experian, and open-source sites, including County government Recorder and Clerk sites, were used exclusively to develop link charts and PowerPoint illustrations with high-degree of confidence —trustworthy— data.

FINDINGS:

ActBlue was established 05/01/2005. ActBlue’s massive political war chest appears to have been generated by a series of fictitious sales through off-the-books cash funds. A sample of the transactions:

South Glastonbury, CT    Net $50,250,000

Research of ActBlue executives, including CFO Nichole Marie Spaulding, revealed that she had a recorded ownership interest in a single-family residence located in South Glastonbury, CT. This address was also listed by ActBlue as a “Headquarters,” according to Experian. A review of the sale and mortgage history shows that on 05/18/2015, the home was purchased multiple times on the same day. The first sale was for $502,500.00, with a recorded mortgage underwritten by Washinton Trust Company for $402,000.00.

On the same day, the home appears to have been sold again for $50,250,000.00, but with no recorded mortgage or deed of trust, in a private sale showing a loan amount of $40,200,000.00. This is normally considered a “hard money loan,” consisting of cash, and is circumstantial evidence of a money laundering scheme. The mechanism is of secondary importance; it is the inflated value that suggests money laundering. Considering the possibility of a Scribner’s error, research continued into dealings of other officers of record listed as ActBlue executives.

Information was retrieved concerning the CEO of ActBlue, Regina Louise Jones-Wallace. Four residences were found in the public record with similar activity as that found with Nichole Marie Spaulding.

East Palo Alto, CA     Net $10,035,000

On 5/01/02, Regina’s husband, Steffond Jones, purchased a single-family residence in East Palo Alto, CA, from the Clarum Corp. for $689,000.00, twice on the same day. Recorder mortgage records show two separate mortgages from Wells Fargo HM MTG INC, for the amounts of $651,000.00 and $552,253.00. While this is not an uncommon practice for properties over $1,000,000, considered “jumbo” loans, where lenders may require a spreading of risk, it does not explain the follow-on transactions.

Again, on the same day, yet another sale is shown from Clarum Corp to Steffono Jones and Regina Jones in the amount of $68,950,000.00 with a loan amount of $55,125,000.00 and $10,035,000.00 in what appears to be a private cash buyer and lender, once again is circumstantial evidence of wholesale money laundering scheme.