Christie campaign goes after Corzine over investment in hedge fund, alleging casino ties
NEWARK, N.J. - New Jersey's gubernatorial campaigns are battling over one of Gov. Corzine's personal investments. In a story first reported by the Star-Ledger of Newark, Republicans suggest he may be breaking the law by owning a stake in the state's casino industry.
NEWARK, N.J. - New Jersey's gubernatorial campaigns are battling over one of Gov. Corzine's personal investments.
In a story first reported by the Star-Ledger of Newark, Republicans suggest he may be breaking the law by owning a stake in the state's casino industry.
Corzine says that's not true.
The dispute is over his investment in the hedge fund TPG-Axon.
The fund shares some officials with Texas Pacific Group, the holding company that owns Harrah's Entertainment. Harrah's owns four Atlantic City casinos.
But a 2008 state report does not list the hedge fund as a subsidiary or affiliate of the casino owner.
Still, GOP gubernatorial candidate Christopher J. Christie calls the investment a "colossal error in judgment."