Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Spitzer Raises $2 Million And Some Questions As Well Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, December 12, 2003

Spitzer Raises $2 Million And Some Questions As Well

by: Nicole Halsey

Could New York Attorney General Eliot Spitzer have made his first misstep in his crusade against the fund industry?

By now everyone suspects that he is going to run for governor in 2006. And, just about anyone who is anyone showed up to the $2 million fundraiser yesterday to help him jumpstart his campaign. But, Spitzer wouldn't confirm whether he was actually running.

In any case, by a few estimates, each table at the event donated some $50,000. Hochos in attendance included Miramax films chief Harvey Weinstein, Donald Trump, Cablevision CEO Jim Dolan, Yes Network's Leo Hindery, City Council speaker Peter Vallone and Councilman Bill DeBlasio.

Interestingly, hedge funds were among some of the Attorney General's biggest donors. James Chanos, president of the $1 billion hedge fund Kynikos Associates, Titan Advisors fund-of-funds chief George Fox and Jeff Berkowitz, manager for the hedge fund Cramer Berkowitz were all in attendance and made significant contributions. If Spitzer's ethics are questioned, is it appropriate for him to accept money from fund managers?

The New York Post also highlighted another potential problem for Spitzer: two of his fundraisers have criminal records.

According to the Post, Dean Vlassis and Charles Vinal helped to raise $40,000 for Spitzer. Vlassis, a longtime fund-raiser for Syracuse-area Democrats, pleaded guilty in 1978 to tax-evasion charges and spent two months in the Allenwood federal prison camp in Pennsylvania. Reports said that Vlassis failed to pay $245,000 in federal income taxes on his swimming-pool company.

Vinal was sentenced to a year in jail in 1975 after pleading guilty to a drug-possession charge.

Spitzer aides denied knowledge of Vlassis and Vinal's pasts.

Still, the event was full of well-wishers.

"He's not afraid to go after anyone or anything," Bill Mulrow, former democratic candidate for state comptroller and senior vice president at Gabelli Asset Management to the Post. " He brings sanity and legality to the table."  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use