(illustration by DonkeyHotey)
From International Business Times:
As one of its first moves in its state takeover of financially strapped Atlantic City, Chris Christie’s administration has awarded a lucrative government contract to the financial services firm that employs the Republican governor’s brother, Todd Christie. The deal followed an even bigger contract given to the firm by Christie officials only weeks after the governor’s brother began working there.
In January, Chris Christie signed an executive order installing an emergency management team to develop “a plan to place the finances of Atlantic City in stable condition on a long-term basis.” Two months later, Reuters obtained documents showing that Christie administration officials signed a contract with Ernst & Young, which hired Todd Christie as a New Jersey-based director in March 2013. Todd Christie is listed as working on the firm’s “business development” in campaign finance records.
The Christie administration contract will pay Ernst and Young more than $250,000 to provide financial analysis of Atlantic City. As the casino town faces a $101 million deficit and hotel closures, the deal cemented by Christie’s Department of Law also will allow Ernst & Young to bill taxpayers $455 per hour for other services, according to Reuters. The Christie administration gave the contract to Todd Christie’s firm at a time when New Jersey’s executive branch ethics code says that public officials may not use their positions “to secure a job, contract, governmental approval or special benefit for yourself, a friend or family member.”
http://www.ibtimes.com/...
Never mind Christie himself - how stupid is Ernst and Young? Risking their entire reputation for maybe a couple million bucks? They must not be doing too well. Other firms only engage in this kind of corruption when Christie is handing them hundreds of millions of dollars in pension funds.
