The Jon Corzine, Carla Katz Timeline
Shortly after Corzine’s 24-year career as a bond trader and executive ended abruptly with his 1999 ouster from Goldman Sachs, he launched his Senate campaign.
Corzine met Katz in 1999 during his campaign for a U.S. Senate seat to represent New Jersey.
Jon Corzine wins election to the U.S. Senate, November 2000.
Katz, a mother of two children, divorced her husband Larry McKim in November 2001.
In March 2002, Corzine announced his separation from Joanne, his wife of 33 years.
December 18, 2002, Corzine provided a $470,000 mortgage to Katz through JSC Investments, a company owned solely by Corzine. Katz used the money to buy her ex-husband’s share of their Hunterdon County home.
Corzine’s divorce from his wife, Joanne, became final in November 2003. Joanne Corzine later told the reporters that her ex-husband's affair with Carla Katz led to the breakup of their marriage.
Corzine and Katz have stated their romantic relationship ended in July 2004.
December 9, 2004, one week after Corzine formally began his candidacy for Governor of New Jersey, Corzine forgave the $470,000 loan and paid the gift taxes, totaling more than $160,000.
In April, 2005 Katz won a state exemption from building restrictions in the Highlands preservation zone. That cleared the way for planned major renovations of the 19th-century farmhouse, situated on 10 acres in Hunterdon County.
On June 27, 2005 Katz’s state employee union endorsed Corzine for Governor. Kicking off the ceremony in Atlantic City. Katz introduced Corzine by giving him a peck on the cheek and telling an anecdote about the first time they met.
August 4, 2005 the New York Times reveals Corzine’s $630,000 gift (loan, plus taxes) to Katz. Corzine said the transaction was completely above board and disclosed as required by senate ethics rules.
August 8, 2005, Corzine said he wrote off the loan because Katz couldn't afford to repay it. He was adamant that his financial relationship with Katz had ended: "We have no additional gifts still outstanding."
August 2005, it was discovered that Corzine failed to report the loan to Katz on senate financial disclosure forms.
August 2005, Corzine claimed, on the advice of legal counsel, he did not believe he was obligated to report the loan because his relationship and loan to Carla Katz were personal.
August 2005, it was reported Corzine had properly disclosed at least two other personal loans made to female friends during the same time period as the loan made to Katz. Corzine explained the difference in his loan disclosures with "I knew them as human beings, not as romantic, serious relationships."
In late August 2005, a complaint was filed with the Senate Ethics Committee accusing Senator Corzine with falsifying a federal disclosure document and committing a federal felony by failing to disclose a $470,000 loan he made to a state employee union president, Carla Katz.
November 2005, Corzine wins election for New Jersey Governor.
December 2006, Katz bought the rental condo, which she has used as a part-time residence for at least two years, through a newly formed corporation, Neruda Hoboken LLC, for $1.1 million. State and county records show Katz is the sole corporate officer listed in the company's registration. The company's name is listed on the deed as owner, but Katz signed the settlement papers. The filing in Hudson County shows no mortgage on the property.
January 2007, just weeks after Katz bought the $1.1 million condominium, she began a 3,200-square-foot addition and extensive renovations on her Hunterdon farmhouse.
March 4, 2007, Corzine admits to the Star-Ledger that he gave Katz substantial gifts beyond what he previously disclosed and hinted that he “pre-funded” them to avoid "ongoing financial connections".
March 7, 2007, the Star-Ledger reports Katz’ $1.1 million condo purchase came at the same time negotiators for her union and the Corzine administration were entering intense negotiations over a new contract for state workers. Katz is president of the largest of five Communications Workers of America locals that are about to vote on the four-year deal.