The Nassau County Independence Party Chair yesterday filed a 43 page complaint alleging financial, ethical and other violations with the New York State Board of Elections against Nassau Democratic Chairman Jay
Jacobs. The allegations include illegal loans, personal profit making, and using fraudulent check numbers in three committees run by the Nassau County Democratic Chair. The complaint has also been turned over to
local, state and federal authorities.
“The Nassau Democratic Chair can talk a big game about ethics, and gives the impression that he is above reproach.” This is hardly the case. Paraphrasing Shakespere, “Me thinks Jay thou doth protest too much,” said Rick Bellando, the Nassau County Independence Party Chairman. The complaint includes a detailed accounting of loans made by Jacob’s controlled corporations and by him
personally, hundreds of thousands of dollars of missing money from the committee’s filings, apparent falsification of Board of Elections reports and a whirlwind of suspicious financial transactions being sent between numerous Democratic Party accounts.
The review of his filings uncovered and sheds light on a large number of concerning financial transactions, of which a small number are detailed in this initial complaint. “This is just the tip of the iceberg,” said Bellando.
“More information will soon be forthcoming and it will be turned over to the authorities.”
Click here to read the
complaint on Scribd. (http://www.scribd.com/doc/213864616/Complaint-Against-Jay-Jacobs-and-Nassau-Democratic-Committees)
Some of the suspicious transactions contained in the complaint include:
On 12/11/2009, the Friends of Tom Suozzi committee shows a disbursement to the Nassau County Democratic Committee in the amount of $125,000. This entry carries the memo of “loan” by Suozzi’s
committee. None of the Nassau County Democratic Committee accounts ever report this loan. The only loan reported by the Committee’s Operating Account in their January periodic report of 2010 is an alleged illegal
corporate loan / contribution of $100,000 from Timber Lake Management Corporation. Interestingly, it appears the $125,000 from the Suozzi committee disappeared. On 10/23/12 Jay Jacobs made a personal loan of $70,000 to the Democratic Committee’s Operating Account. On 12/15/12 the Operating Account wired $30,000 to Jay Jacobs as partial repayment. Jay Jacobs was then wired $40,000 on March 6, 2013 and an additional $30,000 on March 22, 2013 for repayment of the original loan made to the Operating Account, totaling $100,000. This represents a $30,000 profit for
On July 9, 2010, the Nassau County Operating Committee reported, for the first time, that a company controlled by Jay Jacobs, Timber Lake Management Corp, had made a loan of $100,000 to the Nassau
County Operating Committee on 10/20/2009. It was reported 9 months after the loan was purportedly made. Then on July 13, 2010, just 4 days after the committee back-entered the loan on its public campaign
filings, a check in the amount of $100,000 was sent to Timber Lake Management Corp. On 5/8/13, Jacob’s Nassau County Democratic Committee Leadership Account reportedly received a check
for $50,000 from the Nassau County Democratic Committee. Through further review, contrary to the information reported on Jacob’s public filings, the transfer actually came from the Nassau County
Democratic Committee’s Operating Account. On 5/22/13, the $50,000 transaction was reportedly “returned” to the Nassau County Democratic Committee’s Operating Account. On 5/24/13, the Nassau County Democratic Committee’s Operating Account reports a $50,000 transfer out to a legislative committee. The Legislative Committee never reported that it had received the money. Where did this $50,000 go?
It should be noted that any suppositions herein to the legality or illegality of any dealings by Mr. Jacobs, or any other party,
noted herein, in all instances, should not to be construed as fact until proven in a court of law having jurisdiction in the