From Mayor Finch’s Campaign Manager Maryli Secrest:
“Joe Ganim is a corrupt politician who spent seven years in prison. His criminal activity has already cost the people of Bridgeport more than a hundred million dollars. Ganim’s failed investment scheme and sweetheart investment deal on the waterfront set us back years. We’re confident voters will come to the same conclusion jurors did: Joe Ganim doesn’t belong in the Mayor’s office.”
Ganim cost the city more than a hundred million dollars with his failed investment scheme: “Mayor Joseph P. Ganim gambled on selling bonds and making profits in the stock market, which fell a couple times before finally tanking precipitously in 2008, costing the city half of a $350 million investment” (Conn. Post. “Bridgeport seeks delay in pension fund contributions.” March 3, 2011. Link: bit.ly/1zMOBJj).
Ganim gave a sweetheart investment deal on the waterfront that set us back: “One of the biggest setbacks was a scandal involving former Mayor Joseph Ganim, who was convicted in 2003 on 16 charges that included receiving about $500,000 in bribes and kickbacks. According to federal prosecutors, a group of developers promised to raise $500,000 for Mr. Ganim’s anticipated gubernatorial campaign in exchange for allowing them to develop Steel Point” (Wall Street Journal. “Bridgeport’s Steel Point Nears Launch.” April 8, 2014. Link: on.wsj.com/1IgQZKS).
Ganim spent seven years in prison and repeatedly lied under oath: “A federal jury convicted Mr. Ganim in 2003 of 16 counts of racketeering, conspiracy, extortion, mail fraud, bribery and filing false income tax returns … The judge at his trial enhanced his sentence after concluding that he repeatedly lied under oath. After his release [from prison in 2010], Mr. Ganim started a business offering his insider knowledge of the federal penal system to other white-collar criminals” (Hartford Courant. “EDITORIAL: Court Right to Deny Law License to Ganim.” April 9, 2014. Link: bit.ly/1DSlPlc).