Oil pipeline company spends heavily on Cuomo-tied lobbying firm

PAI’s most recent report showed how companies behind major New York State natural gas infrastructure projects have been increasing lobbying expenditures and contracting with firms tied to New York Governor Andrew Cuomo’s family and administration.

This trend is not confined to the natural gas sector: at least one oil infrastructure company is employing the same tactic.

According to filings with New York’s Joint Committee on Public Ethics (JCOPE), Pilgrim Transportation of New York, the company behind the proposed Pilgrim Pipeline, spent a total of $216,250 on lobbying from 2013 through 2015. If it goes forward, the Pilgrim Pipeline will transport gasoline and other petroleum products from New York to New Jersey

Pilgrim’s annual lobbying spending has accelerated rapidly; the company spent more than twice as much in 2015 – $146,500 – as it did in 2014 – $62,250, and is on pace to spend $174,000 in 2016.

More than two thirds of Pilgrim’s total lobbying expenditures have been with the Cuomo-tied firm Bolton-St. Johns.

From PAI’s report “Natural gas infrastructure lobby ramps up spending in New York State:”

Bolton’s top lobbyist, Giorgio DeRosa, is the father of Cuomo’s Chief of Staff Melissa DeRosa and wife of one-time Cuomo patronage chief Maureen DeRosa. Giorgio DeRosa lobbied against the fracking moratorium for the Pipe Trades Association and American Petroleum Institute, and lobbied for Bluestone Gas around its Broome County pipeline. The most recent lobbying disclosure for Bolton show DeRosa was still lobbying for API. He has personally given $10,000 to Cuomo’s campaigns, and given $14,018.94 to his Bolton St. Johns political action committee, BOLT-PAC, which donated $12,000 to the governor.

Another key lobbyist at Bolton St. John’s, Emily Giske, has given $6,250 to Cuomo’s campaigns and volunteered to coordinate floor operations during Cuomo’s campaign for attorney general. She joined DeRosa on the team lobbying on behalf of API in the most recent lobbying cycle for which there are filings.

Bolton St. Johns has donated $42,500 to the governor.

Bolton-St. Johns’ ties to Governor Cuomo can be seen in the map below.

The real estate developer behind Mayor Bill de Blasio’s affordable housing plan

Since announcing his $41 billion affordable housing plan in 2014, New York Mayor Bill de Blasio has encountered fierce resistance from grassroots housing advocates, who have pointed out that the plan would displace thousands of low-income families and spur gentrification in neighborhoods targeted for rezoning.

Until very recently, that opposition was also matched by the city’s 59 community boards and five borough presidents, which near unanimously struck down rezoning proposals that composed the wider housing plan. But last week the City Council’s land use committee, satisfied with amendments to the plan that partially expand the number of affordable units, voted 15-2 for its approval. Some advocates have celebrated the changes; others noted that thousands of low-income New Yorkers would still be left out of the deal. The full City Council body is expected to vote on the mayor’s plan this week.

Rarely mentioned amid the political jostling are the names of the developers pushing the plan forward. Here’s one: Ron Moelis of L+M Development. In terms of financial and personal ties to the de Blasio administration, Moelis stands out among his peers as the affordable housing developer behind de Blasio’s plan.

Continue reading The real estate developer behind Mayor Bill de Blasio’s affordable housing plan

The payday loan family behind Debbie Wasserman Schultz’s deregulatory zeal

The payday loan industry has a new friend in Florida Rep. Debbie Wasserman Schultz, chair of the Democratic National Committee. Wasserman Schultz is co-sponsoring a piece of legislation – ironically titled the “Consumer Protection and Choice Act” – which would delay and eventually block new regulations sought by the Consumer Financial Protection Bureau.

Why is Rep. Wasserman Schultz going to bat for an industry that is bleeding her constituency dry to the tune of $280 million per year? One possibility: Florida’s leading family of payday loan profiteers is a major donor to Wasserman Schultz, and shelled out a series of large contributions to her campaign last June. Perhaps she is repaying the favor.

For Florida-based Amscot Financial, predatory lending is a family business. CEO Ian MacKechnie – who is worth millions – has said that he “sympathizes with his hard-luck customers” and that he wants to “feel like we’re offering valuable services at reasonable prices.”

MacKechnie does not exactly bring a strong ethical record to this work, however. In the 1990s, Amscot Financial pleaded guilty to racketeering charges and agreed to end its insurance business after regulators found that it was tricking customers into buying unnecessary financial products.

MacKechnie runs the business with his wife and two sons, but this is hardly a mom and pop operation. Amscot currently has 235 payday lending locations across Florida, and MacKechnie said he wanted to be the “Walmart of financial service” in a 2009 interview.

To that end, Amscot consistently spends $320,000 per year on lobbying, a total of nearly $3 million over the last 10 years. Their lobbyists include Holland and Knight’s Jim Davis, a former member of the Florida House of Representatives and once included former FL Governor Charlie Crist’s Chief of Staff, Eric Eikenberg.

When it comes to politicians, Debbie Wasserman Schultz is a MacKechnie family favorite. Since 2010, Ian MacKechnie and his family have donated $9,600 to her and $38,850 to her PAC, Democrats Win Seats, placing the family among her top all-time donors.

In two days last June, not long before she co-sponsored the payday lending bill, they cut a series of checks totaling $10,200 to her and her PAC.

The MacKechnies are also fans of Dennis Ross, the lead sponsor of the bill. He has brought in $19,600 from AmScot Financial.

Click through the map below for details on these contributions.

Hedge funds may need to find another astroturf group to help them attack Puerto Rico

A hedge-fund backed front group opposing bankruptcy in Puerto Rico is in disarray. Board members of the group, the 60 Plus Association, are suing the group’s president, Amy Frederick, for secretly funneling payments to companies controlled by her husband.

Hedge funds recruited 60 Plus to form a group, Main Street Bondholders, that pretends to represent retirees opposing bankruptcy for the island. The hedge funds have been trying to prevent bankruptcy and promote austerity on the island in order to ensure higher payouts on their debt holdings. They’ve been using a range of legal and advocacy strategies to promote their agenda, which comes at a great cost to Puerto Ricans.

Continue reading Hedge funds may need to find another astroturf group to help them attack Puerto Rico