This was in PolitickerNJ.com today:
The latest Republican release questions Magazzu’s loan of $10,000 from the Cumberland County Democratic Party, which he runs. Magazzu today released the date on which he paid it back: August 28th. Republicans let loose a host of questions, including what the term of the loans were and whether there was any interest paid. GOP freeholder Sam Fiocchi questioned why it was made two days after the party filed its ELEC report.
“I talked to the campaign manager, the Millville chair, Brendan Kavanagh, and let him know I was doing it. I said listen Brendan, it will be paid back in a month, and he said ok,” said Magazzu, who added that the donation will show up on the October ELEC report, when more people are paying attention.
The bothersome thing is that Lou does not see anything ethically wrong with him giving himself a loan for personal use from the county Democrat coffers. That money was donated by citizens for the purpose of electing Democrats to public office, not for zero-interest personal loans.
Cumberland County has dozens of banks where Lou Magazzu could go for a personal loan. This issue is scary, as it shows insight into Lou’s thought processes. Lou thinks that anything that personally benefits himself is okay, ethics apparently play no part in his decisions.
Further on in the article Lou lies to the press:
Magazzu, for his part, said that the Cumberland County Democrats are energized, and pointed to a well-attended $350 per head fundraiser they held last night in Centerton as evidence.
Magazzu estimated that the party cleared over $100,000 from the event, which was attended by most party insiders.
An insider says that Lou’s estimate is about 75% off. Most of the people that attended were comped, and after the freebies are accounted for, maybe 40-50 people paid. Half the seats were empty. Seven out of eight former Democrat Freeholders that served with Lou didn’t show – a definite indication that Lou has succeeded only in splintering his party.
Lou doesn’t discuss the hangers-on, people that contributed to his secret personal slush fund and who have benefited from his largess in county assistance in public projects. Turncoat Republican Mayor Bob Romano and his wife were among the attendees, and we have to wonder what back-room deals have been discussed and what Lou promised him instead of the thirty pieces of silver.