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David Sirota has done a follow up story about the financial shenanigans of Charles Baker currently a Republican candidate for governor of Massachusetts.

The opening salvo from Sirota was diaried here

Things have gotten a lot more interesting since then.....

Being a bit of a numpty when it comes to accounting, financial stuff etc., I'd appreciate some of you chiming in to explain exactly what it all means.

This appears to be the crux of the matter...

I know enough to know it has the makings of a really good scandal...

From the new article...

Today, however, comes potentially the most interesting twist yet. Pando has discovered evidence  appearing to show that the specific General Catalyst investment fund into which the Christie administration moved public money later became a key investor in a pair of companies at which Baker himself sits on the board.
According to documents filed with the New York State Department of Finance and obtained by Pando, the private equity partnership General Catalyst Group VI “has 2.60% of the voting control” of Mulberry Health, which, according to the same documents, is the parent company of Oscar Insurance. Securities and Exchange Commission documents show that Baker is on the board of Mulberry Health, while General Catalyst’s website notes that Baker also serves on Oscar Insurance’s board.
General Catalyst Group VI is the same fund that the Christie administration committed millions of dollars worth of public pension money to in 2011 — only months after Baker’s $10,000 campaign contribution to the New Jersey Republican State Committee.
David Sirota is having fun on the twitter machine...

So folks, what does it all mean?

Originally posted to AnnetteK on Tue May 13, 2014 at 12:20 PM PDT.

Also republished by Christie Watch.

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