Muckety
 
 
 
 
 

Bitcoins, think tanks and the Koch brothers

By Laurie Bennett

December 11, 2013 at 9:12am

As if there isn’t enough dark money in the think tank funding stream, at least one organization is now accepting bitcoin.

The Acton Institute for the Study of Religion and Liberty has announced that it will take the internet currency for donations and tuition payments.

Think tanks, as Sen. Elizabeth Warren pointed out last week, are not required to publicly release the names of their funders.

In the spotlight lately for its soaring value, bitcoin provides anonymity at a level harder to achieve in traditional banking.

So combine bitcoins with think tanks and the result is likely to be even less transparency.

We’re not suggesting that Acton is doing anything illicit. But it certainly is affording backers another layer of secrecy.

We found the funders shown in the interactive Muckety map above through ongoing checks of various foundation tax returns.

Like many of its supporters, Acton opposes big government. It has criticized the Obama administration for its approach to health care, gun control, energy and many other issues.

Some backers of the institute - including billionaire Charles Koch and Blackwater founder Eric Prince - also have demonstrated a deep affection for secrecy.

So we have to wonder: Does Acton’s new policy mean that Prince and the Koch brothers are now dealing in bitcoins?

Follow Muckety on Twitter Tweet This! Share on Facebook

Click here to sign up for the Muckety Newsletter

 Read related stories: Kochs · Recent Stories · Think tanks  

1 Comments

  • #1.   Amin 12.11.2013

    Vee must STOP the capitalists from subverting our people’s republic! Vee must put an end to financial privacy, and require all patriotic citizens to disclose their transactions to the people’s bureau of financial regulation!

Leave a Comment

The relationship map to the left is interactive.
• Solid lines are current relations. Dotted lines are former relations.
• Expand items with + signs by double-clicking or by selecting multiple items in the map and pressing the "e" key.
• Move an item in the map by clicking and dragging.
• You can also delete items, separate boxes and save maps. Right-click on the map or select Map Tools for these options.
• Find out more about an item in the map by right-clicking on the item and choosing Information about...
• View map color key.
• This interactive map requires Flash player.


Become a fan of Muckety on Facebook

  • Search for stories
      
    Special Features

Follow Muckety on Twitter Follow Muckety on Twitter
Muckety has no direct connection to most of the people or organizations listed on these pages.
We are unable to forward personal messages or provide personal contact information.
We make every effort at Muckety to ensure that our data is correct and timely. However, relationships are in constant flux and we cannot guarantee accuracy. If you come across incorrect or outdated information, please let us know by email.
© 2017 Muckety LLC