Thursday, August 04, 2005

Corzine Gave $470,000 Loan to Head of Union [That just so happened to be his girlfriend]


TRENTON, Aug. 3 - Senator Jon S. Corzine provided a $470,000 mortgage to the president of a union that represents thousands of New Jersey state employees in late 2002, then forgave the debt two years later.

The union president, Carla Katz, was Mr. Corzine's girlfriend at the time. The senator said on Wednesday that an investment company he owns gave her the mortgage, then canceled it in December 2004, several months after they had stopped dating.

The loan was not illegal, and Mr. Corzine said he took care of the required gift tax on the money he ended up giving to Ms. Katz.

Don't ya just love the NYT. Notice (from what I see on the first page) that it is NEVER mentioned that Corzine is a dem.

I need to read about this some where other than the NYT...


Corzine gave $470,000 to union boss who was onetime girlfriend

That's better.....