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Torricelli campaign funds go into his nonprofit; Move troubles finance experts.(PAGE ONE)
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The Washington Times
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April 28, 2008
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Copyright informationCOPYRIGHT 2008 The Washington Times LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jim McElhatton, THE WASHINGTON TIMES
LAMBERTVILLE, N.J. - Former Sen. Robert G. Torricelli, a top fundraiser for Sen. Hillary Rodham Clinton, is sending hundreds of thousands of dollars in donations from his 2002 Senate campaign to a private foundation registered in his name and based out of his New Jersey lobbying office - an arrangement that troubles campaign-finance and tax experts.
Federal election rules allow former elected officials to use surplus campaign money on charitable causes, though Mr. Torricelli's Rosemont Foundation, which received $1.5 million in campaign cash last year, has not yet been granted tax-exempt status.
Angelo Genova, an ...
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