Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Equity mutual fund inflows fall to 1 year low in May; SIP contributions stay above ₹30,900 crore
    • Investors hit the brakes: Equity mutual fund inflows fall 40% month-on-month in May – Mutual Funds News
    • Romania cuts coupons on retail government bonds, but adds 10-year maturity for local currency
    • Silver ETFs slide 4% as precious metals hit 11-week lows; Gold ETFs see selling as well  – Market News
    • Space ETFs are Skyrocketing Ahead of SpaceX’s IPO, but Are They Really Smart Buys Right Now?
    • ICICI Prudential Mutual Fund Launches ICICI Prudential Nifty Smallcap 250 ETF
    • Mutual Fund Taxation: Selling your mutual funds? Here are the taxes you may have to pay | Personal Finance
    • 6 Diversified Equity Mutual Funds with Exposure to Global Stocks – Money Insights News
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Cuomo’s campaign unlocked matching funds on donations from minors in violation of CFB rules
    Funds

    Cuomo’s campaign unlocked matching funds on donations from minors in violation of CFB rules

    September 10, 2025


    NEW YORK — Andrew Cuomo’s mayoral campaign unlocked $4,000 in public matching funds off of donations made in the names of minors in violation of fundraising compliance laws, according to records reviewed by the Daily News. The donors whose contributions produced the questionable matching cash include a 5-year-old son of a prominent Cuomo supporter, the records show.

    Under the city Campaign Finance Board’s matching funds program, mayoral candidates can get any donation from a local resident matched eightfold with taxpayer funds up to $250, providing a big incentive as every eligible contribution can be worth an extra $2,000 in public money. The program’s rules are strict and include a prohibition on candidates seeking matching funds on donations from anyone under 18.

    Still, records show Cuomo’s campaign secured $2,000 in matching cash off a $250 donation made on March 6 by the 5-year-old son of Marc Schneier, a Long Island rabbi who has called Cuomo “a dear friend” and hosts him for speaking engagements at his synagogue in the Hamptons.

    The donation from the boy, whose occupation is listed as “student,” was made via credit card, filings show. The contribution came after Marc Schneier chipped in $2,100 — the legal max — to Cuomo’s campaign March 1, the same day the ex-governor officially launched his mayoral bid.

    Schneier issued a written statement saying that, after The News asked for comment, he contacted Cuomo’s campaign Wednesday morning to ask that the contribution be returned.

    “As soon as this matter was brought to our attention, we recognized a mistake was made and we understand the donation is being returned,” the statement said.

    The statement didn’t elaborate on how the child’s contribution was funded, but said Cuomo “is like family to us” and “our son wanted to help out like mommy and daddy.”

    Records show Cuomo’s campaign also got $2,000 in matching funds based on a $1,000 contribution made via credit card on May 1 by Lorraine Mossery, a 17-year-old Brooklyn resident whose occupation is also listed as “student.” The teen’s contribution came on the same day her mother, Sherene Nakash Mossery, gave the legal $2,100 max to Cuomo.

    Lorraine couldn’t be reached for comment, and her mother told The News to “lose my #” when asked over text about her daughter’s donation.

    Both donations were solicited by Morris Missry, a registered fundraising agent of Cuomo’s campaign, records show. Missry, a managing partner at the Wachtel Missry law firm, didn’t respond to emailed questions.

    Cuomo campaign spokesman Rich Azzopardi said Wednesday the Schneiner son’s donation was “refunded immediately” and that the related matching funds are as a result expected to be deducted. Azzopardi said the campaign’s still looking into the Mossery donation.

    Ex-Campaign Finance Board member Art Chang faulted Cuomo’s campaign for not doing better donor vetting, citing heightened concerns in the wake of the Trump administration’s controversial dismissal of Adams’ corruption indictment, which alleged he solicited illegal straw contributions for his 2021 and 2025 campaigns from Turkish government operatives.

    “A contribution from a 5-year-old defies common sense,” Chang added.

    A CFB spokesman declined to comment on the suspicious donations, citing the board’s confidential enforcement process.

    The donations are emerging as Cuomo faces an uphill battle running as an independent in November’s election, having lost June’s Democratic primary to Zohran Mamdani, who’s polling as the favorite to become the next mayor. Adams is also running on an independent line on November’s ballot, and Curtis Sliwa has the Republican nomination.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Mutual Fund Taxation: Selling your mutual funds? Here are the taxes you may have to pay | Personal Finance

    June 9, 2026

    The Hidden Risks of ‘Income for Life’ in Target-Date Funds

    June 9, 2026

    Emergency funds: How much to keep and where to park it? | Personal Finance

    June 5, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    Silver ETFs slide 4% as precious metals hit 11-week lows; Gold ETFs see selling as well  – Market News

    June 10, 2026
    Don't Miss
    Mutual Funds

    Equity mutual fund inflows fall to 1 year low in May; SIP contributions stay above ₹30,900 crore

    June 10, 2026

    Investor inflows into equity mutual funds slowed sharply in May 2026 amid heightened geopolitical tensions…

    Investors hit the brakes: Equity mutual fund inflows fall 40% month-on-month in May – Mutual Funds News

    June 10, 2026

    Romania cuts coupons on retail government bonds, but adds 10-year maturity for local currency

    June 10, 2026

    Silver ETFs slide 4% as precious metals hit 11-week lows; Gold ETFs see selling as well  – Market News

    June 10, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now?

    September 17, 2025

    5 Worst East Coast Cities To Buy Property in the Next 5 Years, According To Real Estate Agents

    July 19, 2024

    Here’s Why We’re Watching Clover Health Investments’ (NASDAQ:CLOV) Cash Burn Situation

    October 27, 2024
    Our Picks

    Equity mutual fund inflows fall to 1 year low in May; SIP contributions stay above ₹30,900 crore

    June 10, 2026

    Investors hit the brakes: Equity mutual fund inflows fall 40% month-on-month in May – Mutual Funds News

    June 10, 2026

    Romania cuts coupons on retail government bonds, but adds 10-year maturity for local currency

    June 10, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.