Corzine's House: Where There's Smoke, There's Fire

Here's something someone ought to investigate. According to an article on Forbes, in May 2001 Jon Corzine paid $4.7 million for a house in a neighborhood near Washington, D.C. Nothing strange about that, members of Congress often buy homes in the D.C.area because they spend far more time in our nation’s capital than they do in their "home" states.

What was odd about Corzine's purchase was that the house had sold for only $775,000 two years before he bought it, a difference of nearly $4 million. According to local records, the house's ownership was in the name of Nancy Dunlap, trustee of Laybourne, Lawrence E&D, in Newark, N.J., but local real estate sources said it was Corzine's D.C. residence.

Although Corzine's name was not on the title, Forbes notes that it is not uncommon for high-profile people to keep their names off public records by appointing trustees in their place. No information about Laybourne, Lawrence E&D could be found and Corzine’s office didn't want to comment on the purchase of the home.

Interestingly Dunlap, a New Jersey Native served as a Director of Participation 2000 (aka Emily's List, Campaign Corps), an organization that provided students and activists to work in Democratic political campaigns across the country. The group had been chaired by Corzine, one of the organization's biggest financial backers.