Can Rep Menendez say kickback? And money laundering?
He thinks we can‘t figure out he's influence-peddling and selling his office and elected status to get state business for his girlfriend.
Menendez knew what he was doing by setting LiCausi up in business. Everything is run through her, and nothing is traced to him ----or almost nothing, depending on the willingness of investigative reporters to dig.
Others in Menendez’ position cash-in by having their wives hold 51% of a business to qualify for contracts.
And you can bet your sweet patootie, Rep Menendez did not forget about forming super-secret LLC's & LLP's with hidden partners.
Besides, a female (considered by law a “minority-owned ” business) is almost guaranteed to get state business and with Ms LiCausi’s contacts facilitated through Menendez, she'd get a bigger dollar portion than others.
Question: How many other businesses lose money or even outright fail because the state hands out contracts based on political correctness?
Now lookit this: not only does LiCausi get a nice portion of state business, but if those businesses DO business with the government, they qualify for "extras." These "extras" vary by business and/or vendor.
Now all of those entities he’s got doing business with LiCausi---including the Hudson County Democrat Party---- need investigating to see whether the IRS, FCC and SEC should step in.
The corporations might have misused company reserve accounts, concealed losses, inflated asset values and improperly accounted for transactions, as well as deferring profits into reserve accounts, improperly shifting capital funding to other projects to hide illegal activities. Maybe US bank laws were violated, and maybe income was not used for the purposes stated-----and improper accounting procedures were used.
We need to know the extent to which these entities engaged in Enron-style accounting and spending practices........and whether Menendez and LiCausi got Global Crossing mega-stock deals ala Terry McAuliffe.
Any of these practices could jeopardize the financial interests of investors, stockholders, banks------- and would compel the SEC to step in.
EMAIL SEC here: enforcement@SEC.gov