Monday, April 28, 2008

Torrcelli puts campaign funds into a private charity...

his own private charity.

Link

LAMBERTVILLE, N.J. — Former Sen. Robert G. Torricelli, a top fundraiser for Sen. Hillary Rodham Clinton, is sending hundreds of thousands of dollars in donations from his 2002 Senate campaign to a private foundation registered in his name and based out of his New Jersey lobbying office — an arrangement that troubles campaign-finance and tax experts.

Federal election rules allow former elected officials to use surplus campaign money on charitable causes, though Mr. Torricelli's Rosemont Foundation, which received $1.5 million in campaign cash last year, has not yet been granted tax-exempt status.