Who is he? Billionaire couple covered at least $50,000 of the college expenses for the LI congressional frontrunner
#Billionaire #couple #covered #college #expenses #congressional #frontrunner
Welcome to Allsocial Updates . Get latest News related to entertainment, Education, Technology, Sports, Science , Finance at one place. Please Subscribe to our feed and Bookmark our website for all updates around the world
Josh Lafazan: Who is he? Billionaire couple covered at least $50,000 of the college expenses for the LI congressional frontrunner
The 28-year-old county representative made more than $184,000 in 2021 while serving as an advisor for Northwell Health.
NEW YORK’S LONG ISLAND: A Long Island politician’s college tuition was at least $50,000 paid for by a millionaire couple. The Democratic front-runner in the August 23 primary is Josh Lafazan, the youngest member of the Nassau County Legislature, who is running in a competitive congressional race. In recent financial disclosure papers, Lafazan named wealthy businessman Bryan Lawrence and his wife Elizabeth as a “creditor” who gave him a “student loan” between $50,000 to $100,000 in September 2020.
Given that it came before Lafazan’s congressional campaign got underway earlier this year, he is permitted to accept it under federal election law. Experts in electoral law, however, contend that restricting individual donations goes against the letter of the law. They think that Lafazan could have easily paid off his school loans with the same amount of money given that he was rich enough to contribute $166,000 of his own money to his campaign.
Where are the founders of Corinthian Colleges today? The Biden administration forgives $5.8 billion in student loans.
The Federal Election Commission may interpret the load as an indirect payment or indirect transfer of funds to Lafazan, which allowed him to properly provide money to his campaign that wasn’t his his, according to longtime election lawyer Jerry Goldfeder, who was speaking to The Post. “The FEC looks very carefully at the origins of a candidate’s money when they are making enormous contributions or loans to their own campaign because it needs to be their own money legitimately,” he continued.
Lafazan campaign assistant Kim Devlin supported the Lawrences’ arrangement, saying, “Josh was allowed to borrow money for graduate school from a friend as opposed to a bank or a school loan provider, according to the facts. It was a loan that was made long before his bid for Congress, and he fully disclosed it on his public financial declaration “reports New York Post.
The Lawrences gave $20,300 to Lafazan’s congressional campaign in addition to the loan. Records show that Bryan Lawrence also received a $5,800 refund from the campaign because he exceeded the election-year spending limit.
Josh Lafazan, a 23-year-old lawmaker, was elected to the Nassau County Legislature in November 2017 and is now the youngest lawmaker in the county’s history. In the 18th Legislative District of Nassau, he is now serving his second term. Lafazan hopes to be one of the younger members of Congress.
He entered the contest for the 3rd District seat after Democratic incumbent Tom Suozzi opted not to run for reelection and instead mounted an unsuccessful governor bid. The 3rd District encompasses a sliver of northeast Queens and northwest and central Nassau County.
Lafazan has raised $1.53 million for the contest as of June 30, 2022, the most of any Democratic primary candidate, according to campaign finance disclosures. Jon Kaiman, a deputy for the Suffolk County executive, and Robert Zimmerman, a seasoned member of the DNC, are among the candidates.