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Entries in NH GOP (739)

Friday
Jun272014

NHGOP CALLS ON SHAHEEN TO EXPLAIN INCONSISTENCIES IN SHADY STOCK STORY

ConcordNew Hampshire Republican State Committee Chairman Jennifer Horn today called on Senator Jeanne Shaheen to explain inconsistencies in response to a Boston Globe story about her shady financial interests. The Boston Globe yesterday reported that Senator Shaheen and her husband have a financial stake in a company that received federal stimulus funding. The Shaheen campaign claimed their company stock options have expired, however Shaheen's personal disclosure report filed with the Senate Ethics Committee in May still lists them as assets. Shaheen's report also says they are scheduled to expire on September 1, 2019.

 

"The Shaheen campaign's explanation for her shady stock options directly contradicts the information provided in Senator Shaheen's personal financial disclosure report. Senator Shaheen needs to explain this discrepancy and discuss why she has either misled her constituents with false information or misled the Senate Ethics Committee with false reports," said NHGOP Chairman Jennifer Horn. "Very serious ethical questions have been raised about Senator Shaheen's finances and a potential conflict of interest involving her husband's lobbying firm. Her inconsistent story raises even more concerns that must be addressed immediately."

 

Reports filed with the Senate Ethics Committee show that the Shaheens acquired stock options in Ultrawave on September 16, 2009 worth thousands of dollars. On May 14, 2014, Shaheen filed a financial disclosure report that still lists the stock Ultrawave as an asset. The report also states that the stock expires on September 1, 2019.

 

When confronted by the Boston Globe this week, the Shaheen campaign claimed that the stock had expired. The Globealso reported "the Shaheens declined multiple requests for interviews and would not answer most detailed questions about their investments and connection to the firm."

 

Shaheen voted for the wasteful $787 billion stimulus boondoggle and her husband Billy runs a prominent lobbying firm that operated a "stimulus opportunities team" to help clients get federal money.

 

Non-partisan ethics watchdogs have raised questions about the red flags raised by Shaheen's potential conflict of interest.

 

"'It absolutely is a concern,' Charlton Copeland, former chair of the Miami-Dade Commission on Ethics and Public Trust and a professor at the University of Miami told the Boston Globe. 'It raises questions because so much of the work of this kind of policymaking takes place outside of the specter of the public eye.'"

 

BACKGROUND:

 

On November 16, 2009, Billy Shaheen Purchased Stock Options In Ultrawave Labs. (Sen. Jeanne Shaheen, 2009 Financial Disclosure Report, 5/13/13)

 

The Campaign Claims The Stock Options Have Expired. "The campaign said that they recently learned that Shaheen's stock options have since expired, so he did not wind up profiting from the transaction. The campaign would not disclose when the stock options expired." (Noah Bierman and Todd Wallace, "Similarity In Shaheen Cause, Family Interests," Boston Globe6/24/14)

 

But Shaheen's Most Recent Personal Financial Disclosure States The Stock Options Expire September 1, 2019. (Sen. Jeanne Shaheen, 2013 Financial Disclosure Report, 5/15/14)

  



 

 

 

Friday
Jun272014

NH GOP - FACING PRESSURE, SHAHEEN AMENDS DISCLOSURE FORM 

Concord - New Hampshire Republican State Committee Chairman Jennifer Horn released the following statement today after Senator Jeanne Shaheen announced that she would amend her personal financial disclosure form to correct errors regarding her shady stock deal. After facing pressure to explain her inconsistent story, a Shaheen spokesman told the Concord Monitor that the information on the form was incorrect and would be altered.  

 

"It's clear that Senator Shaheen provided inaccurate information to the Senate Ethics Committee on her personal financial disclosure form. This error raises questions about a potential conflict of interest involving the Shaheens and their involvement with a company that received federal stimulus funds," said NHGOP Chairman Jennifer Horn. "It's also troubling that these discrepancies were only revealed after the Shaheens faced media security about their questionable finances. "

 

 

BACKGROUND:

 

On November 16, 2009, Billy Shaheen Purchased Stock Options In Ultrawave Labs. (Sen. Jeanne Shaheen, 2009 Financial Disclosure Report, 5/13/13)

 

The Campaign Claims The Stock Options Have Expired. "The campaign said that they recently learned that Shaheen's stock options have since expired, so he did not wind up profiting from the transaction. The campaign would not disclose when the stock options expired." (Noah Bierman and Todd Wallace, "Similarity In Shaheen Cause, Family Interests," Boston Globe6/24/14)

 

But Shaheen's Most Recent Personal Financial Disclosure States The Stock Options Expire September 1, 2019. (Sen. Jeanne Shaheen, 2013 Financial Disclosure Report, 5/15/14)

  



 

 

 

Thursday
Jun262014

NH GOP - WHAT THEY ARE SAYING ABOUT JEANNE SHAHEEN'S FINANCES 

"It is absolutely a concern," "Senator Shaheen sure looks awfully shady," "Shaheen's husband profiting from bill?"

 

Boston Globe: "Shaheen has also had a family financial stake in the research. In 2009, her husband, William, became an adviser to a Southern California startup, Ultrawave labs Inc. ...that same year, Ultrawave received $78,000 in federal stimulus funding." (Noah Bierman and Todd Wallack, Boston Globe, 6/25/14) 

 

"The Shaheens declined multiple requests for interviews and would not answer most detailed questions about their investments and connection to the firm." (Noah Bierman and Todd Wallack, Boston Globe, 6/25/14)

 

"'It absolutely is a concern,' said Charlton Copeland, former chair of the Miami-Dade Commission on Ethics and Public Trust and a professor at the University of Miami. 'It raises questions because so much of the work of this kind of policymaking takes place outside of the specter of the public eye.'" (Noah Bierman and Todd Wallack, Boston Globe, 6/25/14)

 

"'Whenever someone - a member or a spouse - has a significant number of investments, certainly that can increase the potential for a question about a conflict,' said Robert L. Walker, a former chief counsel and staff director of both the Senate and House ethics committees whose law firm, Wiley Rein LLP, predominantly represents Republicans." (Noah Bierman and Todd Wallack, Boston Globe, 6/25/14)

 

Chuck Todd, NBC News: "Feeding the perception that members of Congress use their power to get rich...Shaheen's husband profiting from bill?" (Chuck Todd, Twitter, 6/25/14)

 

David Bernstein, Boston Magazine: "In which Senator Shaheen sure looks awfully shady, courtesy of Noah Bierman and Todd Wallack" (David S. Bernstein, Twitter, 6/25/14)

 

Drew Cline, New Hampshire Union Leader: "Hmmm. Jeanne Shaheen's husband owned stock in breast cancer research firm that got stimulus money Shaheen voted for" (Drew Cline, Twitter, 6/25/14)

Thursday
Jun262014

NHGOP CALLS ON SHAHEEN TO ANSWER QUESTIONS ABOUT BENEFITING FROM STIMULUS 

Concord - New Hampshire Republican State Committee Chairman Jennifer Horn today called on Senator Jeanne Shaheen to fully address unanswered questions about her shady financial interests. The Boston Globe today reported that Senator Shaheen and her husband refused to answer questions about their financial stake in a company that received federal stimulus funding. Shaheen voted for the wasteful $787 billion stimulus boondoggle and her husband Billy runs a prominent lobbying firm that operated a "stimulus opportunities team" to help clients get federal money.

 

"Today's report raises very serious ethical questions about Senator Shaheen's finances and a conflict of interest involving her husband's lobbying firm. Senator Shaheen has long championed the wasteful stimulus boondoggle, and it's troubling to learn that she financially benefited from a company that received stimulus funding," said NHGOP Chair Jennifer Horn. "Billy and Jeanne Shaheen's refusal to answer basic questions about their involvement with this company raises even more concerns and shows that they may have something to hide. In order to uphold public confidence in her office, Shaheen needs to openly and transparently answer questions about this issue."

 

"The Shaheens declined multiple requests for interviews and would not answer most detailed questions about their investments and connection to the firm," reported The Globe.

 

Non-partisan ethics watchdogs have raised questions about the red flags raised by Shaheen's potential conflict of interest.

 

"'It absolutely is a concern,' Charlton Copeland, former chair of the Miami-Dade Commission on Ethics and Public Trust and a professor at the University of Miami told the Boston Globe. 'It raises questions because so much of the work of this kind of policymaking takes place outside of the specter of the public eye.'"

 

Shaheen has also advocated for transparency in government, making her refusal to answer basic questions about this company even more troubling.

 

"Transparency is a foundational principle of our democracy," said Shaheen in a May, 2013 press release." Secrecy in our government should be limited, and used only when absolutely necessary to protect our national interest."

Wednesday
Jun252014

NH GOP - SHAHEEN LOBBYIST FUNDRAISER TWEETS VANISH AFTER CRITICISM 

Concord - A series of tweets from a Shaheen campaign fundraiser hosted by hosted by prominent mega-lobbyist Tom O'Neill disappeared yesterday after widespread criticism. Senator Shaheen attended the event at the Boston offices of lobbying firm O'Neil and Associates to discuss "the effects of the [Affordable Care Act] on [New Hampshire's] healthcare landscape" according to tweets from twitter handles controlled by the firm and Mr. O'Neill. Both tweets were later deleted. 

 

Shaheen has refused to hold open town halls in New Hampshire to discuss ObamaCare.

 

"Senator Shaheen is happy to talk about health care with fat cat Boston lobbyists who represent insurance companies, but she refuses to hold a town hall meeting with New Hampshire voters who are directly affected by her deciding vote for ObamaCare," said NHGOP Chairman Jennifer Horn. "This serves as another reminded that Senator Shaheen is working for the special interests that are bankrolling her campaign instead of working for her constituents. It's clear that she has gone to Washington and lost touch with New Hampshire's fiscally responsible values."

 

Tom O'Neill, a well-connected former Massachusetts Lieutenant Governor and son for former US House Speaker Tip O'Neill, is a lobbyist for big insurance companies according to his biography posted on his firm's website.

 

CLICK HERE TO SEE DELETED TWEET

 

BACKGROUND

 

Shaheen Raised Money Yesterday At O'Neill And Associates: "New Hampshire Sen. Jeanne Shaheen raised money at a Boston lobbying firm today.  The firm, O'Neill & Associates, tweeted from its official account that the Democrat visited 'to discuss effects of the #ACA on NH #healthcare landscape.' (James Hohmann, "Boston lobbying firm deletes tweets from Shaheen's visit," Politico, 6/23/2014)

 

The Tweets Were Later Deleted After The Event Was Criticized: "Not long after the New Hampshire GOP highlighted the senator's fundraiser, that tweet and a photo of Shaheen at the firm's office were deleted. A little later, another tweet of the firm's namesake, Thomas P. O'Neill, posting with the senator was also deleted."  (James Hohmann, "Boston lobbying firm deletes tweets from Shaheen's visit," Politico, 6/23/2014)

 

O'Neill Is a Lobbyist For The Insurance Industry: "O'Neill and Associates is known in the Bay State as a well-connected lobbying firm,saying on its web site, 'Our clients have full access to the resources of our senior professionals, whose careers in media, business and government present an unparalleled network of relationships upon which to draw.' O'Neill, according to his biography on the site, is, 'A longtime leader in Greater Boston's health care sector,' and 'has served in prominent roles on several health care governing boards including Tufts Health Plan, Mount Auburn Hospital and Caregroup... He currently acts as the the chair of the board for Tufts Health Plan Foundation.'" (John Distaso, "Shaheen visits top Beacon Hill insurance lobbyist as NHDP hits Brown on his Bay State ties," New Hampshire Journal, 6/23/2014)