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COMMISSIONERS OF THE BOARD OF ELECTIONS


NYS BOARD OF ELECTIONS
40 NORTH PEARL STREET, SUITE 5
ALBANY, NY 12207-2729


Honorable Commissioners of the Board of Elections:

I am writing to request the State Board of Elections (SBOE) launch an investigation
into the finances of the Nassau County Democratic Committee, its chairman J ay J acobs, Thomas
Suozzi and the Friends of Tom Suozzi. In addition I respectfully request that you investigate the
campaign activities of Mr. J acobs corporations detailed in the annexed schedules.

I believe the Committees finances are incredibly suspicious especially during the
Election of 2011 and the months immediately thereafter.

It should be noted that any suppositions herein to the legality or illegality of any dealings
by Mr. J acobs, or any other party, noted herein, in all instances, are strictly the opinion and belief
of the undersigned and not to be construed as fact until proven in a court of law having
jurisdiction in the matter.

There is, based upon your Boards public database, irrefutable evidence of illegal
activity by corporations controlled by J ay J acobs. In 2011 there were repeated loans, loan
repayments, and subsequent loans to the committee from organizations and individuals
connected to the county chairman. Activities by Mr. J acobs immediate family appear to be sham
transactions designed to mask illegal activities. In 2012, on the heels of the prior years
violations of law, a corporation controlled by J acobs flouted the corporate contribution
limitation. Because of the prior complaint and media attention; it is virtually impossible for
J acobs to deny culpability for alleged crimes committed. The pattern and timing of these loans
strongly suggests wrongdoing.

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This is respectfully submitted so that your Board can act to curb these violations of the
law and to assure the public that we will not tolerate criminality in the political process.

Moreover, there appears to be a pattern of conduct reaching back several years during
which the Nassau Democratic Committees routinely violated corporate contribution limits, and,
by coordinating with candidates committees, specifically that of Tom Suozzi, over $100,000 in
loans was made to disappear.

The issues described herein appear to be in conflict with NYS Election Law, in particular,
Sections 14-114 ((1) (b); 5, 6, 10; and14-126 (4)).

BACKGROUND
The 2011 elections in Nassau County were hotly contested. Both parties spent large
sums of money on the nineteen legislative seats being contested.

The Nassau County Democratic Party did the vast majority of its spending through a
Board of Election (BOE) registered account called the Nassau County Democratic Committee
Operating Account (NCDCOA).

Based on the face of the NCDCOAs own filings, I must conclude that the NCDCOA was
facing a deficit of payments at some point, certainly by early November. Simply put, the
committee failed to raise sufficient funds to cover its expenses.

Mr. J acobs then intervened using his personal wealth and that of his corporations. J acobs
even intertwined family members in his scheme. All of this was done with a willful disregard of
the law; so as to mask the financial distress of the NCDCOA which had effectively gone belly up
and bankrupt under the leadership of the multi-millionaire Chairman, J ay J acobs. The Nassau
Democratic Party was penniless in the home stretch of a county wide campaign and J ay J acobs
had to hide that fact from the public, lest the election spiral out of control, and become a
complete disaster for his party.

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HISTORY A PATTERN OF CONDUCT
The admissions of J ay J acobs to Blank Slate Media demonstrate a long standing practice
of using J acobs controlled corporations to bankroll the Nassau Democratic Party in contravention
of the Election Law.

There seems to be a long history of J ay J acobs, NCDCOA, Tom Suozzi, and his
campaign committee engaging in conduct which violates the law. Their committees routinely
were sharing donors so as to mask corporate over-contributions. For example, when Suozzi
stood for election in 2009, Amber Alert Safety Centers, a New J ersey Corporation, maxed out
with a $5,000 corporate contribution to Friends of Tom Suozzi. Later in the year the same
corporation gave NCDCOA $6,500 which was hidden in a post special election filing.

The amazing feature of this conduct is that the $6,500 corporate contribution was on its
face illegal and cried out for disgorgement by the donee. Only someone with J ay J acobs
disregard for the law would attempt to hang on to this illegal money.

THE 2011 LOANS
Nassau Democratic Chairman J ay S. J acobs stepped in, on or about the month of
November, to cure the Operating Accounts desperate financial situation.

On November 2, only six days before Election Day, Timber Lake Management Corp.
made a $200,000 contribution to the Nassau County Democratic Operating Account. It is
reflected on the 24 hour contribution report annexed hereto.

Timber Lake Management is a company associated with Mr. J acobs group of camps and
real estate holdings.

The Election Law and SBOE regulations require that any 24 hour reporting be included
in the committees post-election reports. No record of this contribution exists in the post-election
filings. Instead, the contribution is classified as a loan, a loan that, in the Board filing claimed,
was repaid on the same day it was made.
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In further violation of the law, there is no copy of the loan instrument filed with the
SBOE.

It is respectfully submitted that any repayment of this contribution was motivated by the
press attention to the NCDCOAs unusual movement of cash from its chairman and his
corporations. The fact that there is no evidence of the indebtedness filed with the SBOE strongly
suggests the sham nature of the transaction and the falsification of reports with the SBOE.

According to the NCDC Operating Account amended public filings, Timber Lakes
loan was repaid within days. The post-election reports reflect three loans totaling $200,000
made by J ay J acobs and two other members of his immediate household. All three individuals
list the same address in Laurel Hollow, NY.

Assuming arguendo that the three individual loans were actually made, I respectfully
request that the SBOE determine the bona fides of these suspicious and potentially illegal
transactions. Considering the timing, the amount and the repayment of the Timber Lake loan,
these loans appear to be carefully coordinated by Mr. J acobs to launder the illegal money from
the corporation and replace it with personal loans allowing the NCDCOA to report that it had
paid the illegal Timber Lake loan before November 8
th
(Election Day) when the loan became a
contribution as a matter of law.
The files of the SBOE posted on the internet reflect amendments made to the report as
late as August 12, 2012. I believe that this is due to the fact that Mr. J acobs displayed his skills at
prevarication by inventing several different explanations for his illegal activity.

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THE COVER UP
J ay J acobs could not come up with a single story to cover all his illegal activities. He
came up with several different and conflicting stories. Furthermore, these stories conflict with
the filings of the NCDCOA. The conflicting fabrications designed to cover up the illegal
contributions and money laundering follow:
On November 4, 2011 NEWSDAY quoted J acobs as saying, You can give
a contribution that is unlimited to a political party. The contribution was from a
corporate account. I reimbursed the corporation through a loan, That was from me
personally. It will be paid back. Im not sure of the date.
Later, J acobs changed his story for Capitol Tonites Liz Benjamin, Nassau
County Democratic Chairman J ay J acobs blamed a bookkeeping error for a
$200,000 contribution to the party from his summer camp company that far
exceeded the corporate contribution limit, saying it has been converted into a
personal loan to the organization from himself and his wife, Mindy. J acobs went
on to explain, the $200,000 check was wired from his camp by mistake. It
was supposed to be a loan all along, he insisted, and the error has been corrected as
of today.
Benjamin went on to note: UPDATE: Apparently, the chairman has
changed his tune on this issue since it first surfaced last Friday, when he said: You
can give a contribution that is unlimited to a political party. The contribution was
from a corporate account. I reimbursed the corporation through a loan, That was
from me personally. It will be paid back. Im not sure of the date.
Blank Slate Media picked up the story and reported, State campaign
spending records show that the county Democratic committee repaid more than
$190,000 in loans to Timber Lake Management Corp., a camp business owned by
J acobs, from 2007 through 2010.
This use of a corporation as a private banking entity was described in detail
by J acobs, who admitted, I told my CFO to send a wire to the Democratic Party
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wed wire money in, and a few months later wed get the money back, said J acobs
in an interview with Blank Slate. When Blank Slate contacted J acobs about
discrepancies in the information he provided them; he never returned their calls.
I submit that there were no mistakes made here by J ay J acobs he routinely
called the CFO at his corporation to infuse illegal corporate dollars into NCDCOA,
as he told Blank Slate. In order to believe that the chairman of both the State and
County Democratic Committees made a mistake here one would have had to have
just fallen from the sky.

In short, the cover-up trail zig-zags all over the landscape. When Ms. Benjamin
asked about the contribution, Mr. J acobs claimed it was an error.
Then, he claimed it was a loan.
Then he claimed it was corporate money that was converted to a loan.
He told Newsday that it was a legal contribution by his corporation and that the
corporation was reimbursed through a personal loan.
Finally when Blank Slate contacted him he admitted that Timberlake acted as a
private bank for the NCDCOA.
When Blank Slate inquired about unpaid loans he stopped talking to them.
One wonders what the actual story and truth of the matter are.
Only the subpoena power of the SBOE can unlock the truth and expose what
J acobs is covering up and that is the reason for this complaint.

The NCDCOA reported that the loan from Timber Lake was repaid only days after it was
made. It is still questionable that the NCDCOA had a sufficient balance to cover the check (no
check number is reported) that they claim was issued to Timber Lake on the eve of the election
to avoid a huge corporate over-contribution.

I submit that the check could not have been cut, deposited, and cleared into Timber
Lakes account on November 7, 2011. NCDCOA was in full possession of the funds in question
on November 8, 2011, and the corporate over contribution occurred.

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According to the SBOE filings, the loans by J ay and two other members of his immediate
household were made on November 7 and the day after the election. According to the Board of
Elections rules on campaign finance, loans must be repaid by the date of the next election or
the loan, guarantee or other security for a loan will be considered a contribution subject to the
Acts contribution limits. (Board Rule 1-05(a)). Loans made after the election but used for the
prior election are also considered loans for the recently passed election. (Board Rule 1-05(g)).

The loan, made the day after the election and clearly used to pay off an alleged,
mistakenly incurred debt, clearly fits this description.

Mr. J acobs public comments show this to be a fact. Therefore, the J acobs family made,
by operation of law, $200,000 in donations to the Operating Account.

At this juncture I question the legitimacy of these contributions. Were they independently
made? Were the contributions made from funds in the sole possession of the contributor? Were
the substituted contributions reimbursed by the corporation? It appears that J ay J acobs has
simply used his family members and possibly his companies as a front to cover his illegal
activities.

No illegal contributions are reported by the NCDCOA. Instead, the Committee carried
the $200,000 from Timber Lake as a loan for over six months. The over six month period
encompassed the 28 day post general reporting period, the J anuary filing date and the J uly filing
date. NCDCOA never entered the loan to its proper place as a contribution, in spite of the
provisions of the election law. The dates of one specific loan changed repeatedly, going from
November 9 to November 29 to November 7. The actual date of the loan remains obscure and
is of significant importance due to the closeness of the loan to Election Day and/or the issue that
it may be an illegal corporate donation.

Furthermore, another $72,000 loan was made by a second J acobs-affiliated company,
Timber Lake West, on J anuary 10, 2012. I submit this should be subject to the provisions of law
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that reach beyond Election Day to deem loans to cover election expenses contributions. It looks
like this is nothing more than another willful corporate over-contribution by J acobs.

It is our understanding the various corporations that are controlled by J ay J acobs, are not
licensed to do Banking under New York State Law. Yet the information, procured by Blank
Slate for their article, including J acobs admissions, demonstrates that Timber Lake served to
furnish NCDCOA with a line of credit, and that upon Mr. J acobs direction, money was simply
transferred to NCDCOA to pay election related expenses.

In some cases it appears loans were never repaid and also not reclassified as
contributions. In light of their continued conduct over a period of years, I submit that at least
Timber Lake had to be licensed as a banking entity or, alternatively, file as a political committee.
The Timber Lake Corporation has not done either.

NCDCOA paid the J acobs familys members and companies a total of $272,000 at
various points in April and May. These payments allegedly satisfied all debts owed to J acobs.
This appears to be untrue and I submit, is also highly illegal.

After Election Day, at bare minimum, the $179,000 in loans by J ay and other members of
his immediate family were in fact contributions; by operation of law. Therefore, any payments
to J acobs as repayment of a loan are improper and should have been reported as refunds of
contributions.

One of the loans made by J acobs family member is also highly questionable due to the
constantly changing dates of the loan. But either way, under operation of law, the $21,000 paid
to them was also not reported as a refunded contribution.

The second loan by Timber Lake was also illegal and an illegal corporate contribution
that provided a financially troubled party with a five month float free of charge, fees or interest.

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At the very least the costs that would be associated with this loan are a corporate
contribution to the NCDCOA (by a corporation that had already maxed out in permissible
contributions).

It is common for political committees to borrow money from financial institutions, and
pay fees and interest associated with the loans, but these loans have no similarity to commercial
transactions. This appears to have been done to avoid reporting of additional illegal activity and
contributions.


MANIPULATING CONTRIBUTIONS BY JACOBS
It seems clearly obvious that J acobs sought to manipulate the loans from his family
members to wash the illegal corporate loan / contribution. In the NCDCOA, 2011, 27 Day Post
Election, Schedule I, Loans Received, he made his wifes loan in the amount of $102,000
presumably to steer clear of the individual contribution limit to a party committee ($102,300
limit). Mr. J acobs, made a $77,000 loan and had already made a $25,000 contribution to
NCDCOA earlier that year, making his total cycle contribution $102,000. The additional $21,000
loaned by another family member was the only way he and his wife remained under the
$102,300 individual contribution limit and bring the total personal loans by the J acobs family to
$200,000 in order to pay off the Timberlake $200,000 loan. Whether these individuals actually
made the loans in question, on the dates reported, is highly improbable and needs to be
investigated.

PROFIT MAKING ILLEGAL LOANS BENEFIT JAY JACOBS
On July 9, 2010, the Nassau County Operating Committee reported that a company
controlled by J ay J acobs, Timber Lake Management Corp, had loaned $100,000 to the Nassau
County Operating Committee on 10/20/2009, 9 months after the loan was purportedly made.

The purported loan was entered on the J anuary 2010 Periodic at a later date, on 7/9/10.
(Filer ID: C20281 J anuary Periodic 2010 Schedule: N Outstanding Liabilities/Loans)

Then on July 13, 2010, just 4 days after the committee back-entered the loan on its
public filings, a check in the amount of $100,000 was sent to Timber Lake Management Corp.
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The expenditure was further reported on the wrong schedule, seemingly in an effort to
obscure the unusual transaction. It was reported on September 14, 2010. (Filer ID: C20281 32
Day Pre Primary 2010 Schedule F. Expenditures/Payments).

Even though the loan was purportedly paid back to Mr. J acobs corporation on 7/13/10,
the loan was continued to be carried over to the Operating Committees 2010 J uly Periodic.

It reappears on the filing as an outstanding loan with a filing date of September 13,
2010 (Filer ID: C20281 J uly Periodic 2010 Schedule: N Outstanding Liabilities/loans). It would
be difficult to consider this a mistake considering the expenditure, which was actually made
on 7/14/10 and officially reported on 9/14/10 the following day. I submit that J acobs had to
know the $100,000 loan had already been paid back to his Timber Lake Corp.

These transactions should be thoroughly investigated by the Board to determine if the
original loan was ever made. It certainly raises to the level of suspicion that a $100,000 loan that
was purportedly made by a corporation to the Democratic Operating Committee wasnt entered
on any filings until 9 months after the loan occurred and then paid back 4 days later.

On 10/23/12 J ay J acobs loaned $70,000 to the Committees Operating Account.
(Reference Filer ID: C20281 J anuary 2013 Schedule: N Outstanding loans/liabilities)

On 12/15/12 the Operating Account wired $30,000 to J ay J acobs as partial repayment.
(Reference Filer ID: C20281 J anuary 2013 Schedule: J loan repayments)

And yet on the J anuary 2013 Periodic, the loan is listed as still outstanding for $70,000.
The committee did not deduct the $30,000 paid to J acobs on 12/15/12. Had he made the
correction, the J anuary 2013 filing, which posted with the Board on 1/27/2013 would have
reflected a balance due of $40,000, not $70,000.

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Even more bizarre and questionable is the fact that the loan never carries to subsequent
filings, and then mysteriously reappears on the Nassau Democratic Committee Operating
Accounts 2013 27 Day Post Special Report, Schedule: J / Loan Repayments.

This is where Mr. J acobs gets very creative with his accounting! Not only did he repay
himself back, but earns an additional $30,000 from his original loan.

Original Loan Date To whom Check # Amount Date Paid
10/23/12 J ay J acobs wire $30,000 March 22, 2013
10/23/12 J ay J acobs wire $40,000 March 6, 2013


Five days later, on 10/28/13, J ay J acobs made another personal loan, this time for
$100,000, the exact amount returned to him from the last batch of loans to the Operating
Account, and flipped it into his Nassau County Democratic Leadership Account. (Filer ID:
C20302 27 Day Post General 2013 Schedule: N)

On the same day, 10/28/13, the Nassau County Democratic Leadership Account cuts a
check for $100,000 (check number 2344) to the Nassau County Democratic Committee.
(Filer ID: C20302 27 Day Post General 2013 Schedule: H Transfers Out).

On the same schedule, it lists 2 other transfers. One on October 23, 2013 in the amount
of $30,000 to the NCDC - OPERATING ACCOUNT and the other on November 13, 2013 in
the amount of $25,000 to the NCDC - OPERATING ACCOUNT. All 3 checks use the same
check number (2344).

An investigation reveals that three (3) checks, bearing the same check number,
2344, appear in the Operating Account (Filer ID: C20281 27 Day Post General 2013
Schedule: G Transfers In.)

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During the same filing period, a series of suspicious transactions bearing the same
check number, 2322, are sent from the Operating Account to the Leadership Account. Many
appear to be done on the same days that monies were sent from the Leadership Account to the
Operating Account. (See Filer ID: C20302 27 Day Post General 2013 Schedule: G Transfers In.)
These transactions total more than $67,000.

Not only do these committees controlled by Jay Jacobs attempt to obscure
transactions by using the same check numbers, there are an unusual number of financial
transactions being shifted among the three primary Nassau County Democratic Party
accounts. The volumes of transactions, in concert with the unusual number of personal and
corporate loans being made to these committees, should be thoroughly investigated.



TOM SUOZZI, JAY JACOBS AND THE NASSAU COUNTY DEMOCRATIC
COMMITTEES

On 12/11/2009, the Friends of Tom Suozzi committee, J anuary 2010 Filing, Schedule F,
Expenditures/Payments, shows a disbursement to the Nassau County Democratic Committee in
the amount of $125,000. This entry carries the memo of loan by Suozzis committee.

None of the four Nassau County Democratic Committee accounts ever report this loan.

The only loan reported by the Committees Operating Account in their J anuary periodic
report of 2010 is the alleged illegal corporate loan / contribution of $100,000 from Timber Lake
Management Corporation, as reported in the Nassau Democratic Committees Operating
Account filings.

Interestingly. it appears the $125,000 from the Suozzi committee disappeared.


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JAY JACOBS, NASSAU COUNTY DEMOCRATIC COMMITTEE LEADERSHIP
ACCOUNT, NASSAU COUNTY DEMOCRATIC COMMITTEE OPERATING
ACCOUNT, AND A LEGISLATIVE ACCOUNT

On 5/8/13, the Nassau County Democratic Committee Leadership Account (C20302)
reportedly received a check for $50,000 from the Nassau County Democratic Committee
which was reported on Schedule G Transfers In on the J uly 2013 Periodic.

Through further investigation, the transfer actually came from the Nassau County
Democratic Committee Operating Account (C20281) (aka NDCC-Operating Account). This
transaction can be cross referenced with the Nassau County Democratic Committees Operating
Account, C20281, J uly 2013, Schedule H, Transfers Out.

It is important to note that J ay J acobs Leadership Committee apparently intended to hide
where the money came from by changing the name of the account on the report. This is further
evidenced by the fact that it appears that the Leadership Committee used the same check
numbers for all of its Transfers In on the 2013 J uly Periodic. This indicates a pattern or
possible intent to hide transactions between accounts. It uses check number 2322 for 4 of the 5
transfers-in. However, the $50,000 transaction in question was given check number 9999999.

On 5/22/13, the $50,000 transaction was reportedly returned to the Nassau County
Democratic Committees Operating Account, as reported on the J uly 2013 Periodic of the
Nassau County Democratic Committees Leadership Account.

This transaction may be found on the Nassau County Democratic Committees
Leadership Account,(C20302), J uly 2013 Schedule H, Transfers Out. It is notable that this
transaction is denoted with the same 2322 check number as the numerous Transfers In
on Schedule G.

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When it is transferred back from the Leadership Account to the Operating Account, it is
recorded on the Nassau County Democratic Committees Operating Account, C20281, J uly 2013
Schedule: E as Other Receipts.

On 5/24/13, the Nassau County Democratic Committees Operating Account reports a
$50,000 Transfer Out to a legislative committee. This can be cross referenced with Filer ID
C20281 -2013 J uly Periodic Schedule H, Transfers Out.

The Legislative Committee never reported a Transfers In, but does report a $50,000
expenditure on its 2013 J uly Periodic in May and remits a check to the Nassau County
Democratic Committee.

Where did this $50,000 go?

One can only speculate that the timing and transfers among accounts controlled by J ay
J acobs, and inaccurate descriptions of accounts and check numbers, might have been designed to
willfully confuse and obscure an underlying pattern of corrupt financial transactions. While the
$50,000 may have been transferred among these various accounts, one has to question, Why?,
and also where did it ultimately ended up?


Corporate Receipts and More Irregularities on the 2013 Campaign Finance Filings
The Nassau County Democratic Committees Operating Account was in receipt of
numerous suspicious corporate donations reportedly received on 4/16/13.

These include $6,000 payments from the 154 Front Street Corp., Bluestone Developers,
Inc., and Summit Security Services, and two payments totaling $10,000 in separate checks
bearing the same check number, from Sterling Equities Associates dated 3/16/13.


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On the J anuary 2014 Periodic Report, Schedule L, Expenditure Refunds, the Nassau
County Democratic Committees Operating Account reports a series $1000 refunds to the
corporations that made the donations on 4/16/13, but indicates that the original monies were
received on 7/10/13. Its not surprising the money was returned, since these are in clear
violations of campaign finance law and limits on corporate donors, but why go a step further to
obscure the actual date the overage was returned? A $5000 check was also returned to Sterling
Equities, and again, the Nassau Democratic Committee entered a false receipt date of 7/10/13.

This is an attempt to obscure the fact that these overages should have been returned within the
same filing period as they were received. This was an attempt to circumvent campaign finance
laws by falsely reporting the dates they received and deposited the corporate donations, which
were clearly over the limit.

I respectfully request that the State Board launch an investigation into J ay J acobs and his
corporate loans made to various committees that fall under the umbrella of the Nassau County
Democratic Party organization. This investigation should include loans made to Friends of Tom
Suozzi as well.

The voters of the County and the state are owed an answer.

Thank you for your attention to this matter.

Very truly yours,






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Appendices

J ay J acobss Corporate alter egos
Newspaper Articles
o NEWSDAY
Nassau party leaders bicker over spending
Friday November 4, 2011 2:19 PM By Celeste Hadrick

o LIZ BENJAMIN
J acobs Bookkeeping Snafu (Updated)
Nov 7th - 12:47 pm
Posted by Liz Benjamin in Downstate NY

o BLANK SLATE MEDIA
County Dem chair aids party finances
Posted: Thursday, J anuary 3, 2013 2:20 pm

NYS Board of Elections Filings

o NASSAU COUNTY DEMOCRATIC COMMITTEE OPERATING ACCOUNT
FILER ID: C20281

2010 JANUARY PERIODIC ( J ) SCHEDULE: N
OUTSTANDING LIABILITIES/LOANS

2010 32 DAY PRE PRIMARY (A) SCHEDULE: F
EXPENDITURES/ PAYMENTS

2010 JULY PERIODIC (K) SCHEDULE: N
OUTSTANDING LIABILITIES/LOANS

2013 JANUARY PERIODIC ( J ) SCHEDULE: N
OUTSTANDING LIABILITIES/LOANS

2013 JANUARY PERIODIC ( J ) SCHEDULE: J
LOAN REPAYMENTS

2013 27 DAY POST SPECIAL ( I) SCHEDULE: J
LOAN REPAYMENTS


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Appendices (continued)

o NASSAU COUNTY DEMOCRATIC COMMITTEE LEADERSHIP ACCOUNT
FILER ID: C20302

2013 27 DAY POST GENERAL ( F) SCHEDULE: N
OUTSTANDING LIABILITIES/LOANS

2013 27 DAY POST GENERAL ( F) SCHEDULE: H
TRANSFERS OUT

o NASSAU COUNTY DEMOCRATIC COMMITTEE OPERATING ACCOUNT
FILER ID: C20281

2013 27 DAY POST GENERAL ( F) SCHEDULE: G
TRANSFERS IN

o NASSAU COUNTY DEMOCRATIC COMMITTEE LEADERSHIP ACCOUNT
FILER ID: C20302

2013 27 DAY POST GENERAL ( F) SCHEDULE: G
TRANSFERS IN

2013 JULY PERIODIC (K) SCHEDULE: G
TRANSFERS IN

o NASSAU COUNTY DEMOCRATIC COMMITTEE OPERATING ACCOUNT
FILER ID: C20281

2013 JULY PERIODIC (K) SCHEDULE: H
TRANSFERS OUT

o NASSAU COUNTY DEMOCRATIC COMMITTEE LEADERSHIP ACCOUNT
FILER ID: C20302

2013 JULY PERIODIC (K) SCHEDULE: H
TRANSFERS OUT

o NASSAU COUNTY DEMOCRATIC COMMITTEE OPERATING ACCOUNT
FILER ID: C20281

2013 JULY PERIODIC (K) SCHEDULE: E
OTHER RECEIPTS

2013 JULY PERIODIC (K) SCHEDULE: H
TRANSFERS OUT
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Jay Jacobss Corporate alter egos:

Timber Lake Management Corp.
TLC Kids Group, Inc
Timber Lake Corporation
Timber Lake Corporate Centers, Inc.
Timber lake Camp, Inc.
Timber lake Camp West Corporation
TLC Kids Group, LLC
North Shore Camp LLC
Southampton Country Day Camp LLC
HCDC Holdings LLC
HCDC Realty Corp.

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NEWSDAY
Nassau party leaders bicker over spending
Friday November 4, 2011 2:19 PM By Celeste Hadrick
With election day approaching, Nassau's political parties are taking
potshots at each other.
Nassau Republican Chairman J oseph Mondello Friday accused his
Democratic counterpart, J ay J acobs, of making an illegal contribution to the
county Democratic organization on Wednesday.
Mondello cites campaign spending reports filed with the state that shows
that J acobs company, Timber Lake Managament Corp. of Glen Cove.
contributed $200,000 to the Nassau County Democratic Committee
Operating Account.
Mondello spokesman Anthony Santino said corporations are limited by law
to a total $5,000 donation. If its a loan, he said, then the law requires it to
be paid back by Tuesday.
If its not paid back by Tuesday, we will refer it to the district attorney,
Mondello said in a statement.
But J acobs dismissed the complaint, saying Mondello ought to read up on
the law."
"You can give a contribution that is unlimited to a political party. The
contribution was from a corporate account. I reimbursed the corporation
through a loan, That was from me personally. It will be paid back. Im not
sure of the date.
Rather than making accusations, J acobs said, they ought to focus on
trying to get some votes instead.
Tags: J oseph Mondello , Anthony Santino , J ay J acobs
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LIZ BENJAMIN
Jacobs Bookkeeping Snafu (Updated)
Nov 7th - 12:47 pm
Posted by Liz Benjamin in Downstate NY
0 Comments
Nassau County Democratic Chairman J ay J acobs blamed a bookkeeping error for a $200,000 contribution
to the party from his summer camp company that far exceeded the corporate contribution limit, saying it
has been converted into a personal loan to the organization from himself and his wife, Mindy.
The GOP noticed the Nov. 2 contribution to the local partys operating committee from J acobs Timber
Lake Management Corp. on the state Board of Elections 24-notice list and cried foul.
Corporations must adhere to a $5,000 aggregate annual contribution limit that applies to candidates are
well as committees, unless, of course, were speaking of housekeeping committees, which have no
contribution limits. Individuals are limited to $150,000 a year, which also applies to loans, according to
J acobs. The chairman said half of the $200,000 loan is from him, and the other is from his wife.
J acobs said the $200,000 check was wired from his camp by mistake. It was supposed to be a loan all
along, he insisted, and the error has been corrected as of today. (If it hadnt been, the money would have
had to have been returned by tomorrow, Election Day, since it is far over the limit).
UPDATE: Apparently, the chairman has changed his tune on this issue since it first surfaced last Friday,
when he said: You can give a contribution that is unlimited to a political party. The contribution was
from a corporate account. I reimbursed the corporation through a loan, That was from me personally. It
will be paid back. Im not sure of the date.
Also, an election attorney noted that made a contribution of $25,000 to the party on Oct. 11, which would
push him over the $102,300 (not $150,000) individual contribution limit. In addition, Timber Lake Corp.
has already given $18,000 in 2011, which is $13,000 over the aggregate limit.
The chairman rejected the suggestion that the party is in financial jeopardy. He said he has raised some
$1.25 million this year, and the loan is merely a float to tide things over until the holidays when he
expects all the last-minute pledges for financial support he has received in the final days of the 2011
campaign.
21

J acobs also took the opportunity to lob a few verbal bombs in the direction of his counterpart, Nassau
County GOP Chairman J oe Mondello, saying:
If the chairman is looking to make a statement about the difference between what I do with the party and
the way he manages his, I think you can clearly see I have a long history of personally giving money to
our party. He has an even longer history of personally taking money out of his party.
I contribute to the party, and I dont make any money in politics. I dont take a salary for either the
state or country (Democratic chairmanships), no government money comes to me, and my business sure
as heck doesnt benefit. There are times Ive done this with the country party; theres times Ive helped
out the state party when necessary. I believe its important our message gets out there.
While I am a good fundraiser, and weve raised a tremendous amount of money, the Republicans are far
better than we are. They always have been because they like to raise money from people who do business
with the county.
Whither The NYS Democratic Party?
Oct 6th - 3:10 pm
Posted by Liz Benjamin in 2012
0 Comments
I recently received an email invite from Nassau County Democratic Chairman J ay J acobs inviting me to
the partys annual fall fundraising gala on Oct. 18, which is intended to raise campaign cash to help fuel
the Democrats effort to win back control of the local Legislature this fall.
From voting themselves pay raises to trying to trick us into voting for a property tax increase in August
1sts Coliseum Tax referendum, the Republicans have proven they are out of touch with the residents of
Nassau County, J acobs wrote.

J acobs also happens to chair the state Democratic Party a role for which
he was tapped by former Gov. David Paterson and has retained, despite
considerable speculation that he would be replaced by the partys executive
director, Charlie King, since Gov. Andrew Cuomo took office last J anuary.
In fact, J acobs was just re-elected to another two-year term. Theres no
mechanism for removing a party leader in the middle of his or her tenure,
22

but J acobs has repeatedly said he serves at the governors pleasure and intends to stay as long as Cuomo
will have him.
The state party traditionally holds a fall fundraising gala, too. And thats just one of several big events the
party generally puts on every year events that have, in the past, been headlined by the Democrats top
office-holder, which, since 2006, has been the governor. I asked J acobs if Cuomo will be lending his
name to the state party for an event this fall, and he said:
Were working on the idea of that; I would like to get that done. Obviously, we are working on that with
the governors teambut theres nothing firm yet at the moment. (Cuomo) has been busy doing
government work, and has indicated thats where he wanted his focus to be.
More >
Jacobs: No Rush For Weiner Resignation
J un 9th - 10:51 am
Posted by Liz Benjamin in Anthony Weiner
Pressure from fellow Democrats for Rep. Anthony Weiner to resign is mounting so far at least of his
House colleagues and two former DNC chairs have said they believe its time for him to pack it in.
So far, however, none of those calls are coming from Weiners fellow New Yorkers, even with the
example of the last congressman to post a compromising picture of himself on the Internet former Rep.
Chris Lee a very recent memory.
State Democratic Party Chairman J ay J acobs declined during a CapTon interview last night to draw
parallels between Lee and Weiner, explaining:
I felt badly for him, and I said so, too, and for his family and what they had to go through. Its awful
enough when you make a mistake like this, on its own merits. But then to have it in the public and the
embarrassment that goes with it. Its tremendously difficult.
J acobs reminded me of the human piece of scandals of this nature, saying people should step back and
give them (Weiner and his wife, Huma Abedin) just a few moments, adding: There is no imperative in
the representation of his district for him to step down at this exact minute.
The chairman refused to close the door on a possible Weiner resignation just not right now. If the House
ethics inquiry finds the congressman broke the rules and/or the law in some way, wellthats a different
story altogether.
23

I asked J acobs about the Weiner as redistricting sacrificial lamb speculation thats making its way
through political circles, and he laughed it off although it didnt deny that its entirely plausible
calling it a Machiavellian scheme.
24

BLANK SLATE MEDIA
County Dem chair aids party finances
Story
Comments
Posted: Thursday, J anuary 3, 2013 2:20 pm
County Dem chair aids party finances DAN GLAUN | 0 comments
Nassau County Democratic Party Chairman J ay J acobs has provided hundreds of
thousands of dollars in loans and contributions over the past several election cycles,
according to state campaign records.
And some of those loans, provided through J acobs personal business, may have
skirted campaign finance law before being brought into compliance after complaints by
county Republicans.
State campaign spending records show that the county Democratic committee repaid
more than $190,000 in loans to Timber Lake Management Corp., a camp business
owned by J acobs, from 2007 through 2010.
I told my CFO to send a wire to the Democratic Party wed wire money in , and a few
months later wed get the money back, said J acobs in an interview. We had to rectify
it... what happened was I then (personally) lent the party money again, and it returned
the money the company erroneously had lent.
As a corporation, Timber Lake was only legally allowed to contribute $5,000 per year to
the party - an error that J acobs said was noted by Republicans, who cried foul and
forced J acobs to use personal loans instead.
J acobs is president of Timber Lake Management Corp. , which is comprised of Timber
Lake, Tyler Hill, Timber Lake West overnight camps, - North Shore and Hampton
Country days camps, and North Shore Day School, a pre-school. The company does
business as TLC Family of Camps.
According to J acobs, the Democratic partys spending often outstrips its fundraising
during campaign season, requiring him to bankroll the party.
25

When we have election campaigns we have a lot of expenses. A lot of our
fundraising... lags behind our need, J acobs said. When we need the money, I put it in.
Efforts to reach Anthony Santino, a Hempstead town councilman who is spokesman for
the Nassau County Republican Party, were unavailing.
In addition to loans, J acobs has given $110,000 in contributions to the Nassau County
Democratic Partys political committee.
In addition to his role as county chair, J acobs also served as the state Democratic party
chairman from 2010 until May 2012, when he resigned.
J acobs initially told Blank Slate Media all his loans to the party up until a new $100,000
expenditure in October had been repaid, but upon an examination of his finances said
the state of some loans was unclear.
A financial document J acobs forwarded to Blank Slate Media shows $513,500 in
expenditures to the Democratic committee since 2004, between J acobs personal and
corporate accounts, and $372,000 in repayments.
J acobs said he would look into the discrepancy, but efforts to reach him were
unavailing.
More about Republicans
ARTICLE: After historic day Obama needs to unite Dems, GOP
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ARTICLE: Israel turns attention to home district
ARTICLE: Columnist Karen Rubin: Right wingers wrong on disabilities
More about Democratic
ARTICLE: Forum planned on county redistricting
ARTICLE: GOP members to blame for redistricting fiasco
ARTICLE: Columnist Karen Rubin: Redistricting process a partisan sham
ARTICLE: Redistricting commission lays an egg

26

Posted in News, News on Thursday, January 3, 2013 2:20 pm. | Tags: Republicans,
Democratic, J acob, J ay J acobs, Tyler Hill, Nassau County New York, South Carolina
Democratic Party, Nassau County
Send us a news tip!
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