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The scheme to split up California's electoral votes has been solely funded by multibillion dollar hedge fund founder Paul Singer , who has raised $200,000 for Rudy Giuliani, and flies him around in his jet, according to TPMmuckraker.com.

In addition to Singer, who was a donor to the Swift Boat Veterans for Truth in 2004, the initiative is backed by other Giuliani supporters, including Anne Dunsmore (former chief fundraiser for RG), Charles Hurth (RG contributor), Jonathan Wilcox (former aide to Bill Simon, RG's California campaign head) and James Lacy (RG contributor).

Giuliani has said his campaign had nothing to do with it and “as far as I am concerned, you can leave it the way it is.” More on Paul E. Singer at the NY Times, whose "business involves buying the debt of poor countries at a discount and then seeking repayment in full — prompting an article in The Times of London labeling his firm, Elliott Associates, a 'vulture fund.'"