Posted by chelsea on June 22, 2001 at 16:49:43:
Two Democratic candidates for mayor have raised an unusually large portion of their campaign war
chests through intermediaries who delivered bundles of checks that far exceed the limit they could have
donated as individuals.
Although the practice, called bundling, is legal, the bundlers are under more scrutiny this year and are
playing a bigger role in the mayor's race because stricter limits have been placed on contributions and
corporate donations have been banned altogether.
Forty-three cents of every dollar City Comptroller Alan G. Hevesi raised through Jan. 11, the most
recent reporting date, was delivered to him by a bundler, a total of $2.6 million, according to an analysis
of city campaign finance records. In Council Speaker Peter F. Vallone's case, it was 37 cents of each
dollar, a total of $1.2 million.
The law describes bundling as the practice of intermediaries' collecting and delivering contributions, either
through extended solicitation or a single fund-raiser.
The biggest bundler was Steve Spinola, president of the Real Estate Board, who lined up $176,775 for
Mr. Vallone. Joseph Strasburg, a former aide to Mr. Vallone and president of the Rent Stabilization
Association, a landlord group, arranged $107,980 for Mr. Vallone. The limit on any individual
contribution is $4,500.
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