NY-23: Scozzafava Still Distancing Herself From Brother’s Company, Despite Being an Investor
The Republican candidate in the upcoming New York 23rd district (NY-23) special election has some explaining to do:
Read the rest of the story >>Scozzafava Still Distancing Herself From Brother's Company, Despite Being an Investor
ALBANY - According to the financial disclosure form she filed for a Congressional run, Assemblywoman Dede Scozzafava holds at least a $1 million of preferred stock in a troubled holding company controlled by her brother that owes thousands of dollars in back taxes.
During a phone interview, Scozzafava tried to put as much distance between herself and the company, Seaway Valley Capital Corporation, as possible, describing herself as a "passive investor." She told me she is not involved in its operations, is not and has never been employed by it and acquired the stake when stock she held in another company was taken over.
But she remains an officer of an affiliated business, according to corporate records filed with the Securities and Exchange Commission, the disclosure form and her official web sites.
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"I have nothing to do with Seaway Valley Capital Corp.," Scozzafava repeated to me yesterday.
Business filings suggest a closer relationship.
