SEC Charges Alternative Investment Fund Over $21 million Fraud | Finance Magnates

 · While a billionaire secretly funding a lawsuit to take down a news outlet may be a new way of using money to influence the media business, billionaires have long exerted influence on the news.

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Established in 1975, the FEC is composed of six Commissioners who are appointed by the President and confirmed by the Senate. By law, no more than three can represent the same political party. Learn more about the FEC’s history and mission

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 · That’s probably because it’s full of the city’s most affluent and powerful residents, including hedge fund boss Daniel Loeb, who bought the 10,674-square-foot.