Mayoral candidate Bill Thompson holds on to Madoff-tainted money promised to charities

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NEW YORK (PIX11) – Mayoral candidate Bill Thompson has yet to donate the Madoff-tainted contributions he received during his previous campaign four years ago, and has recently accepted a large donation from a fancier involved in the Madoff scandal, according to the NY Daily News.

The last time Thompson ran for mayor, he received thousands of dollars in donations for his campaign Seymour Zises, one of Thompson’s major contributors.  After Madoff’s Ponzi scheme was uncovered, Zises’ connections to the reviled financier were also revealed, and Thompson vowed to donate a large chunk of it to charity.

Zises was sued by some of his own investors for secretly feeding the majority of the $25 million they gave him into a Madoff feeder fund.  Several lawsuits against him have since been dropped or dismissed, but one is still pending.

Now, four years later, Thompson has not only failed to donate the $4,950 he received in 2009, but reportedly accepted another $4,000 for his campaign war chest this year.

No one from Bill Thompson’s campaign has responded to calls for comment by PIX11, nor by the NY Daily News.


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