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Candidates Loan Campaigns Half A Million Dollars

by Christine Stuart | Aug 3, 2012 8:32am
(5) Comments | Commenting has expired
Posted to: Congress, Election 2012

Christine Stuart file photo

Chris Donovan, Elizabeth Esty, Dan Roberti

(Updated 11:22 a.m.) The Federal Election Commission reports for the three Democratic candidates vying for their parties nomination in the 5th Congressional District reveals at least two loaned their campaigns half a million dollars and one paid more than $35,000 for a forensic audit of his campaign’s finances.

Former State Rep. Elizabeth Esty, who is married to Environmental Commissioner Daniel C. Esty, loaned her campaign $500,000. Dan Roberti, the public relations executive from Kent whose father is a Washington D.C. lobbyist, loaned his campaign $580,000.

That leaves Esty with $857,550 cash on hand, and Roberti with about $380,000 cash on hand going into the Aug. 14 primary.

Chris Donovan’s campaign paid Blum Shapiro $35,753 for the addendum to former U.S. Attorney Stanley Twardy’s independent investigation following the arrest of his former finance director, Robert Braddock Jr. The receipt for Twardy and the nine individuals at Day & Pitney who worked on the investigation with him was not part of the report. Although there are some who have speculated the report will cost Donovan hundreds of thousands of dollars.

The recent report shows Donovan has about $377,060 leading up to the Aug. 14 primary. It’s unclear how much of that is available if he’s still waiting on the bill for the Twardy report.

The three Democrats meet for their last debate 11:30 a.m. Saturday at the Oliver Wolcott Library in Litchfield.

Christine Stuart file photo

Republican candidates, Andrew Roraback, Justin Bernier, Lisa Wilson-Foley, and Mark Greenberg

On the Republican side, Lisa Wilson-Foley and Mark Greenberg, have been self-funding their campaigns since the beginning. Wilson-Foley has loaned her campaign about $685,000 through the end of July and Greenberg has loaned his campaign almost $1.4 million.

Greenberg has about $589,288 cash on hand going into the Aug. 14 primary and Wilson-Foley has about $220,000.

Sen. Andrew Roraback and Justin Bernier, who are not independently wealthy, bring up the rear in the fundraising race.

Rorback raised about $36,200 in the month of July and Bernier raised about $40.500.

That brings Roraback’s fundraising total up to about $572,000, and leaves him with about $148,000 cash on hand for the primary.

Roraback is the convention endorsed candidate, which may have helped boost his fundraising ability slightly, but he is still being heavily financially out-gunned by Wilson-Foley and Greenberg.

In his second run for the seat, Bernier found himself having a good fundraising month bringing in more than $40,500. Having lost his campaign manager and spokesman just two weeks before the primary, Bernier has an uphill battle. He had about $105,000 cash on hand at the end of July. It’s not enough to saturate the airwaves, but it doesn’t completely put him out of the running.

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(5) Comments

posted by: DrHunterSThompson | August 3, 2012  11:06am

A good move by both of them. Unless some evil spell befalls the 5th, Donovan loses in a landslide (if he stays in the race).  I guess that means toss-up between Esty and Roberti.

HST

posted by: Tim White 1 | August 4, 2012  7:13am

“It’s unclear how much of that is available if he’s still waiting on the bill for the Twardy report.”

If Donovan’s waiting on the bill, then this puts a tarnish on the supposed sparkling reputation of Twardy… as it suggests that Twardy and / or his law firm are doing a political favor for Donovan… which is par for the course for the influence-peddling Speaker… just as Crusher.

Alternatively, if Donovan’s received the bill, but has not yet reported it… is that legal?  It seems to me that there’s a point to all these campaign finance reports… it’s to increase the visibility of the big stuff, like this Twardy report.  I’m not too concerned if one of Donovan’s staffers expects to get reimbursed for mileage for the past week or two… or if Gabe forgot to submit a receipt for some 11pm pizzas he paid out-of-pocket for three weeks ago… but the Twardy report?!

That number is known and they’re hiding it?

There are rules on this stuff.  At minimum, what is the Twardy Law Firm’s usual practice with regard to issuing invoices?  I’m confident that the attorneys normally get those bills out the door asap… this dawdling is not the norm.  And after how many days do they begin charging interest?  How much interest?  What do they do if their client goes to jail?  Do they write-off the invoice or send it to a collection agency?

posted by: ALD | August 4, 2012  8:54am

Tim you wonder:

“Alternatively, if Donovan’s received the bill, but has not yet reported it… is that legal?”

Frankly I have no idea if it is or not. However I would be shocked if at this point Donovan isn’t making sure every T is crossed and i dotted.

What I find interesting about your question is that basically isn’t that the very accounting process that guys like him in Hartford have become used to using when they claim to have honestly balanced a budget?

Isn’t that just about exactly the problem that GAAP accounting in our budgets was supposed to resolve?  The very same GAAP accounting methods that Malloy promised to provide but we are still waiting for him to deliver on?

Ahh maybe he’ll get to it when he returns from China???

I only mention this because what you are asking really probably would seem to be the way Donovan and others are used to working in the LOB.  As such, to him perhaps what you ask could even seem normal to a group of people used to working in a GAAP less enviroment.

posted by: Tim White 1 | August 4, 2012  5:23pm

“I have no idea if it is or not”

My *understanding* is that known invoices are legally required to be reported.  But of course, that requires an enforcement mechanism.  And since the enforcement mechanism is the US Atty… and since it’s a former US Atty who conducted the investigation… will the enforcement mechanism function?

Or will all of this be forgotten after Donovan loses?

posted by: SalRomano | August 4, 2012  8:58pm

Repubican candidates Andrew Roraback, Justin Bernier, Lisa Wilson-Foley, and Mark Greenberg—can’t come close to the amount of money Linda McMahon has lent her campaign.