Why would Jon Corzine donate $5,000 to Lou Magazzu for a personal campaign that Lou had lost a month earlier? We are asking ELEC this question, and more. Was this donation used to help Lou pay a loan he took from the local Democratic Party, that he was unable to repay?
If Jon Corzine had contributed to Lou’s failed NACo campaign before the election, we could understand. however, EVERY COUNTY in the nation rejected Lou. Not one county would even second Lou’s nomination, and two counties actually objected to the nomination in the first place.
So not only did Lou lose his bid for 2nd vice president of NACo, he never actually was in the running. But still, Jon Corzine saw fit to give Lou $5,000 after all was said and done. Lou had walked away a loser, and a month later Jon gives him money. Why?
The Republican challengers to Lou’s run for Freeholder are asking the same question:
Lou Magazzu recently attempted to explain away the $10,000 interest free loan he gave himself from the Cumberland County Democrats by saying he told his campaign manager. Cumberland County Republican freeholder candidates Rick Tonetta, Tom Sheppard and Sam Fiocchi aren’t buying the explanation and have more questions pertaining to the loan.
“For Lou Magazzu to attempt to explain away a $10,000 interest free loan by saying his campaign manager said it was okay is ridiculous,” Republican freeholder candidate Rick Tonetta said. “Just once I’d like to hear Magazzu say something of substance.”
“The explanation was laughable,” GOP freeholder candidate Tom Sheppard added. “Imagine the uproar if one of us told our campaign manager the Republican organization was giving out a $10,000 interest free loan. I expected Magazzu to do a better job spinning the loan but, then again, when you get caught with your hand in the cookie jar it’s hard to get it out.”
“The problem for Magazzu and all his spinning is no one is buying it and there are a lot of questions left unanswered regarding the $10,000 interest free loan he gave to himself,” Republican freeholder candidate Sam Fiocchi said.
“Either Magazzu or Jon Corzine need to come clean with the circumstances around the $5,000 contribution to Magazzu for NACo a month after he lost the election,” Fiocchi continued. “Any person who can think for themselves would come to the conclusion that the Corzine contribution looks suspicious.”
Fiocchi asked, “Was this $5,000 contribution simply a way to wheel money to the Cumberland County Democratic Organization? Did Magazzu ask for the contribution after he got caught with his hand in the cookie jar? Did Magazzu and Corzine share emails regarding the situation?”
It is time for some HONEST answers. Lou, are you listening? Please, explain to us. Something smells fishy in Denmark.