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Home»Fund»Menendez is burning through his campaign coffers, with big donors propping up his legal fund.
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Menendez is burning through his campaign coffers, with big donors propping up his legal fund.

The Elite Times TeamBy The Elite Times TeamFebruary 1, 2024No Comments3 Mins Read
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The two cases come two days after federal authorities in Manhattan accused Mr. Menendez of accepting cash, gold bullion and a Mercedes-Benz in exchange for benefiting three businessmen and the governments of Egypt and Qatar in exchange for his influence as a senator. His application reflects his financial burden.

And while there are several candidates running for Senate this year, Menendez’s meager fundraising and popularity point to the tough challenges he could face if he seeks reelection. There is. Although he has not announced whether he will run for the next term, two of the top Democratic candidates seeking to replace him, New Jersey First Lady Tammy Murphy and Congresswoman Tammy Murphy, have said they would like to replace him. I’m looking for it. andy kimfar ahead of him in the key areas of fundraising and political support.

Kim reported collecting $1.7 million and Murphy $3.2 million in the fourth quarter, according to the FEC.

A spokeswoman for Menendez, who is scheduled to go on trial in May, did not respond to questions about fundraising Wednesday night.

In an IRS filing, the Menendez Defense Fund is said to be owned by a real estate company led by relatives of cigar tycoon Carlos Fuente and Jared Kushner, and by prominent businessmen including former Reebok CEO Paul Fireman. reported that they had raised $469,500 in donations. This is related to a reported controversial development in northern New Jersey, where Menendez grew up.

Raul Alarcón, president of Spain-focused media company Spanish Broadcasting System, also donated $10,000.

Prominent New Jersey power broker George Norcross donated $10,000, as did his two children, Alessandra Norcross and Alexander Norcross. Norcross’s business partner, insurance brokerage firm Connor Strong & Bucklew, also donated $10,000. All of these donations were made before Menendez’s indictment.

Mr. Menendez’s leadership PAC also transferred $10,000 from its coffers to a legal defense fund. Just days after Menendez was indicted, leadership PACs reported receiving $5,000 each from the senator’s campaign. John Fetterman (D-Pennsylvania) and Congressman. bonnie watson coleman (DN.J.) and $2,500 from Lisa Blunt Rochester’s Senate campaign.

A spokesperson for the Brant Rochester campaign said this was a refund of donations from Menendez’s PAC. FEC filings for Fetterman and Watson Coleman’s campaigns also state that the donations were refunds.

Law firms hired to defend him include the firm of Marc Elias, a prominent Democratic lawyer who made his mark on the Voting Rights Act. His company was paid approximately $46,000. White shoe company Winston Strahan was also paid $70,000 for legal services, and Washington, D.C.-based law firm Schertler Onorato was paid $178,000.

Samantha Maltzman is a former staffer to Menendez who also worked for the senator. Cory Booker (DN.J.) and Hillary Clinton were paid for fundraising consulting services, according to the filing. GLH Consulting, another fundraising firm that has worked for him and other Democratic campaigns, also helped raise the money.

In the final quarter of 2023, Menendez’s campaign account raised just $15,795 but returned more than $16,000.

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