Earlier quoted context omitted.
> would have to be state law so the president can't pardon them Sure. Based on cursory analysis, California (B&P § 17200 + § 17941), New York (§ 63(12)) and New Hampshire (RSA 664:14 / 664:16 + RSA 358-A) seem to be good places to start. Worst case, we get a public record of who paid for what under what pretences.
How's this kind of thing play in the US with free speech, Citizen's United, companies with money can make political statements, etc. What's the actual fraud angle? Non disclosure?
…I literally quoted statute.