Chamber of Commerce Funding Said to Be Probed by New York State

Wednesday, 27 Jun 2012 03:06 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The New York Attorney General’s Office is investigating whether a nonprofit affiliate of the U.S. Chamber of Commerce illegally funded political activity, according to a person familiar with the matter.

New York Attorney General Eric Schneiderman subpoenaed the National Chamber Foundation seeking information about $18 million that the organization reported it loaned to the Chamber of Commerce, according to the person. At issue in the investigation is whether the nonprofit was essentially making political contributions through the Chamber of Commerce, said the person, who declined to be identified because they aren’t authorized to speak publicly about the investigation.

The probe also involves the Starr Foundation, which had made $19 million in grants to the National Chamber Foundation between 2003 and 2005, according to the person. In the same period, the National Chamber Foundation reported in filings with the attorney general’s office that it had loaned $18.1 million to the Chamber of Commerce, the person said.

The National Chamber Foundation is the public policy think tank affiliate of the Chamber of Commerce, according to its website. Calls for comment made to the National Chamber Foundation, the Chamber of Commerce and the Starr Foundation weren’t immediately returned. Maurice “Hank” Greenberg, the former Chief Executive Officer of American International Group Inc., is the chairman of the Starr Foundation.

New York’s investigation was earlier reported by the New York Times.


© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Dr. Anthony Fauci: No Outbreak of Ebola in US

Thursday, 02 Oct 2014 12:52 PM

There will not be an outbreak of Ebola in the United States, predicted Dr. Anthony Fauci, director of the Institute of A . . .

W on Jeb Bush: 'I Think He Wants To Be President'

Thursday, 02 Oct 2014 12:52 PM

Former Florida Gov. Jeb Bush wants to be president.That's according to his brother, former President George W. Bush, who . . .

Hoover Institution's Atlas: Obamacare Drives Healthcare R&D Overseas

Thursday, 02 Oct 2014 12:19 PM

One negative impact of Obamacare has escaped much attention, says physician Scott Atlas, a senior fellow at Stanford Uni . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved