Skip to content

Bay Ridge Cabal Bankrupting Party: Disclosure Reports Detail Bank Account Empty in Wake of Severe Mismanagement

December 23, 2009

The Bay Ridge Cabal is designing its own self-imposed recession by spending massive quantities of money in further mismanagement of party funds, recent disclosure reports detail.

As a result, it seems the party is begging district leaders and other willing participants for a bailout to fill one of their accounts, which the party cleaned out this past year on frivolous expenditures.

The other account–once chock-full of Bloomberg money from the Mayor’s earlier purchase of a Wilson Pakula vote from the GOP–is dwindling and will likely dwindle even more when the receipts from the Brooklyn GOP’s much hyped holiday dinner come in.

This is hardly the first time I’ve discussed the party’s plain lack of judgment and stupidity regarding financial matters.

As you know, according to the by-laws of the Kings County Republican Party, Article II, Section 7, the Chairman, with little or no accountability to anyone except his second-in-command (and rubber-stamper the Executive Committee Chair), has the sole discretionary power to distribute and dispense the funds of our party.

Earlier this year, I reported to you that the financial disclosures of the Kings County Republican Party demonstrated that Chairman Craig “The Duke” Eaton has treated County funds as his own personal piggy bank.

Apparently–and frankly, unsurprisingly–this ridicuous behavior has continued after The Duke’s derided reelection as the GOP Chairman of Failure.

While my colleague Francisco D’Anconia has alleged that Mr. Eaton is no longer relevant in GOP politics (and I wholeheartedly agree), he still unfortunately has the ability to shame our party by his ineffective and substantially weak abilities as a financier.

Let’s look at what the numbers say about the “great” Duke of Bay Ridge.

***

The Kings County Republicans maintain two accounts for which they file disclosures.

At the start of this year, one of these primary accounts started with an opening balance of $22,684.23. The following spreadsheet I put together demonstrates the erratic mismanagement of funds over the course of the year. At one point, the party was actually carrying a negative balance!

Here we go:

January 2009 Opening Balance: $22,684.23
Contributions $5,000
Expenses $11,889.25
Total $15,794.98
July 2009 Opening Balance: $15,794.98
Contributions $62,343
Expenses $73,762.48
Total $4,375.00
32 Day Pre-General Opening Balance: $4,375.00
Contributions $687
Expenses $5,684.07
Total ($622.12)

(This is a NEGATIVE BALANCE! of $622.12, my friends!)

11 Day Pre-General Opening Balance: ($622.12)
Total Contributions/Misc. $3,026
Expenses $2,400.00
Total $4.09
27 Day Post-General Opening Balance: $4.09
Total Contributions/Misc. $750
Expenses $0.00
Total $754.09

***

What a fiscal roller coaster ride!

Tell me, is this where the “greatness” I’ve noticed one commentator confer to Craig “The Duke” Eaton and Company comes from? Is it his accounting savvy and judicious allocation of resources that earns him such pride among his cronies and acolytes?

I hope not.

And so, this all begs the question: just what the heck is Craig Eaton doing with our party’s treasury? How much of this money was doled our for petty purposes and how much was actually spent on the numerous races the party faced this year?

I read something recently that made me laugh on Urban Elephants. The Editors of that blog, who attended the hack-fest that was the “Bay Ridge” GOP’s Holiday Party, said this: “Congrats to Chairman Eaton on a great event, which is sure to propel the Chairman’s efforts to grow the GOP in Brooklyn this year and beyond…”

They could have added: Just kidding! That party’s livin’ on a prayer!

That would have been more appropriate.

Besides Urban Elephants’ farcical commendation to Eaton on his efforts to grow the GOP (which this blog and the facts have demonstrated he has not done–I thought you guys at Urban Elephants were brighter than that?), I wonder what the Webmeisters of the UE Institute think about that fact that a major holiday fest was hosted on the dime of the party with no efforts at either charity or receiving donations of which we are aware, with the full knowledge that the party has not even $800 in one of its two primary accounts.

That’s a decrease of over $21,000 dollars from the year, very little of which was spent on their own candidates!

Where are your priorities, Mr. Eaton?

And here’s the real kicker… Remember the $50,000 Bloomberg gave to the Brooklyn GOP to buy a Wilson Pakula?

Well, if you look at the other Kings County Republican Party bank account after this ridiculous Holiday Party, the Shore Road Shills have likely already spent over $10,000 or more of that just on the festivities alone. With end of year debts and all, who knows how much of that is left? We won’t know for sure until next year…

What is clear is that, in a year marked by the Great Recession, the party has wasted valuable resources on frivolity rather than helping to boost their candidates, NONE OF WHO WON A SINGLE ELECTION...

Very smart.

***

Recap…The Bay Ridge Cabal’s response to one of the most catastrophic elections in local GOP history is to say, as Francisco previously said, let them eat cake!

Who in their right mind would ever think this party is going in the right direction when its priorities and spending habits are all wrong!

What we need is a dedicated financial plan–nothing complex or requiring an advanced degree–just a system that ensures that the party is actually serious about supporting its candidates. Candidates will never look to the party (and often don’t) if the party is running in and out of insolvency over the course of the year. And the party rarely volunteers to give money unless it has an agenda.

As such, by New Years, I will be releasing a post setting rules and guidelines for the Brooklyn GOP’s spending. This party does not know how to maintain itself and keep itself in good fiscal standing throughout the year. Much of this is because those in the party leadership consider certain expenses to be necessities when, in fact, they are objects of choice rather than need.

This must stop.

Also, I will be looking to see just how much the party has given to candidates over the years and what expenses they have made that amount to sheer frivolity.

Let us be clear: the most important goal of a political party is getting candidates elected and keeping them in office. This party has proven time and time again that it cannot do either.

But, then again, when you give immature children a credit card, what do you expect? That’s why it’s time to teach these spendthrifts how to run an organization.

But my expectations are low. If Atlas Shrugs has proven anything about the Brooklyn GOP leadership, it’s that you can lead a horse to water, but it’ll choke on its own vomit before it takes a sip.

Advertisements
32 Comments
  1. Slay The Urban Elephant permalink
    December 20, 2009 9:14 pm

    Jay Golub/Daniel Peterson SMACKDOWN! LOL

    The Urban Elephant just got it in the a$$; there’s its corpse in an alleyway thrown in the dumpster!

    You know, in ancient times, they said once the great elephant fell, it could never rise again.

    They were right.

    • Begging the Question permalink
      December 20, 2009 9:21 pm

      Who reads that UE anymore? What do they have to offer Brooklynites? Atlas is so much fun and so informational! Boring! Come one guys! Get smart to what’s going on in Brooklyn?

    • Lestat (Occassionally Masquerading as Jay Golub) permalink
      December 20, 2009 11:07 pm

      “HOW DARE YOU ATTACK URBAN ELEPHANTS! BLASPHEMY!

      “I’m getting my dental drill to make shrill sounds!”

      LOL just kidding. That was my best Jay Golub impression? Hope you like 😉

    • Urban Elephant Apologist permalink
      December 21, 2009 3:02 pm

      Urban Elephants has fallen off, I’ll admit. I still read them, but it seems like a mouthpiece for the interests of the Editors rather than an objective news blog, as they seem to consider themselves.

  2. Pocahontas permalink
    December 20, 2009 9:34 pm

    Craig, you think the only people who are people,
    Are the people all who look and think like you.

  3. Kunta Kinte aka "Toby" permalink
    December 20, 2009 9:52 pm

    Notice that on the “new and improved” website

    http://brooklyngop.com/

    that Craig A. Eaton Esq. does NOT list the address for the Kings County Republican Party, which is being operated out of his law form, Eaton and Torenzano LLP?

    http://eatonandtorrenzano.com/

    http://www.merchantcircle.com/business/Eaton.And.Torrenzano.Attorneys.At.Law.718-332-7766/review
    /read?cid=764052

    “If I could give 0 stars, I would. Their paralegal is the rudest most unprofessional person I have ever had to do business with. This lawyer is vague in explaining things and often does not respond to phone calls. DO NOT USE THESE ATTORNEYS if you want your case solved. Eaton is always on vacation and his paralegal, Lisa, is far from helpful. They make the process take much longer than it has to be. Horrible, horrible, horrible!”

    August 19, 2009 by anonyomous in Brooklyn, NY

  4. Upstate GOPer permalink
    December 20, 2009 10:42 pm

    This is very troubling. I’ll be sharing this story with my friends in Albany. It might come in handy when making some important decisions.

  5. Gladiator permalink
    December 20, 2009 10:43 pm

    The party is insolvent. Eaton loses elections. Why is this man’s head not on a political pike? Get him out of here.

  6. Money Must Be Funny In Craig Eaton's World permalink
    December 20, 2009 11:25 pm

    Theme song for Craig Eaton’s accountants. LOL

    • Money Must Be Funny In Craig Eaton's World permalink
      December 20, 2009 11:28 pm

      Anyone notice Craig Eaton’s Porsche at the health care rally?

      Money Money Money,
      Must Be Funny,
      In A Rich Man’s World.

  7. Laura permalink
    December 21, 2009 2:23 am

    This is all very disturbing. This is not an organization I would feel comfortable with giving my money to.

  8. Young GOP Kid permalink
    December 21, 2009 2:54 am

    Wow, this is embarrassing.

  9. Wag-the-Dog (As Hollywood Stringer for ASIB) permalink
    December 21, 2009 9:54 am

    Please, don’t associate ABBA with Craig Eaton in any way shape or form.

    “I had a dream, a song to sing…..{nothing about Craig Eaton}

    • Manhattan Transfer permalink
      December 21, 2009 3:23 pm

      Lol the lyrics are appropriate though.

  10. The Drunken Pirates Have Taken Over permalink
    December 21, 2009 11:15 am

    Disgraceful. And how dare Urban Elephants praise this party when it’s spending money like drunken pirates.

  11. Poincaré permalink
    December 21, 2009 3:04 pm

    32 Day Pre-General Opening Balance: $4,375.00
    Contributions: $687
    Expenses: $5,684.07
    Total: ($622.12)

    This is a shame to all Republicans (and accountants) out there.

  12. Lucretia Regina-Potter Has My Vote permalink
    December 21, 2009 3:21 pm

    I’m supporting Lucretia Regina-Potter in 2010!

    And (what the frig!) leave Jimmy Oddo alone!

  13. Logan Covey permalink
    December 21, 2009 3:32 pm

    Craig A. Eaton, Esq. has a new book about to be published in January 2010 called
    “How to Lose Friends and Alienate People”

    This new book is a follow up to his last effort titled “The 7 Habits of Highly Unethical Barristers”

  14. CLORELLA DIVINE permalink
    December 21, 2009 3:51 pm

    Craig is not a thief! So he uses County money for himself..who cares?
    As long as my family and I reap the financial rewards, he can do whatever he wants.
    After all, he is the Greatest County Chair Ever!!

    Craig honey, you look GREAT behind the wheel of your Red Porsche!

  15. Eaton's "Grande Putaine" Must Go permalink
    December 21, 2009 3:58 pm

    Enough is enough with the scumbag called “AAA.” He’s an Eaton patsy, and he loves being taken advantage of. I call him “Eaton’s grande putaine.”

  16. Italian Republican permalink
    December 21, 2009 4:31 pm

    Blogger AAA has most of his statements as well as his statistics all mixed up.
    Here is why:
    1. By trying to demean Mrs. Regina-Potter’s valiant effort to provide the Brooklyn GOP the highest percentage of votes received by any Republican candidate against Democratic incumbents, not only in Brooklyn, but in the Manhattan and the Bronx as well, AAA shows his partiality and his great support for the 24 year veteran incumbent, Abbate.
    2. If being a “one-term assemblyman” is such a terrible thing, why hasn’t the Brooklyn GOP been capable of electing another Republican Assemblymember in Brooklyn? Also, stating that Arnaldo Ferraro received only 5% of his own district vote to be elected a member of the Kings County Republican County Committee, raises the question: Wasn’t that enough to get him elected?
    Another question: Why did the other candidates fail in getting the same percentage?, especially when the Male District Leader and the Female District
    Leader, Clorinda Annarumo, as well as her husband, were greeting all the voters in the poll site at the ED, before they even had a chance to go into the voting machine? The other winner of the 29ED/46AD County Committee seat is a Brooklyn Young Republican. This speaks volumes about the failed leadership of the 46th AD, despite their underhanded and deceitful tactics.
    3. The Bob Capano story is a very interesting one:
    First his esteemed campaign manager, under the guidance of the Bay Ridge GOP and in the interest of “making his candidate lose”, proceeds to make threatening remarks against the leadership of the 49th AD, and before that, the failed challenger to the leadership of the 49th AD, again supported by the Bay Ridge GOP, is treated like royalty at Capano’s June fundraiser.

    Ween off the Kool-Aid AAA, get your head on right, and get your facts straight!
    ASINO!

  17. Frank "Frankie Five Angels" Pentangeli permalink
    December 21, 2009 4:55 pm

    Craig Eaton is totally out of touch with regular Brooklynites. He is too isolated from the concerns and issues important to other Brooklyn residents and the borough (county) Republican Party rank and file members.

    Craig is not focused on the Kings County GOP. He is busy with his lucrative law firm and his real estate clients which keeps the gravy flowing in abundantly like oil flows in the OPEC producing countries.
    Craig has two other vacation homes in addition to his primary Bay Ridge residence. Instead of pounding pavement and leading, he is away from the drivers seat more often than not. 2010 does not look like a better year for the Kings County Republican Party as long as Craig is mismanaging the Party.

    Its a disgrace!

  18. Bay Ridge GOP Website Update permalink
    December 22, 2009 11:17 pm

    This was recently added to the disgraceful Brooklyn GOP webpage:

    As a contributor, you have a right to know that your donation is being spent wisely.

    Our primary expenses are rent and utilities for our County Headquarters, which serves as the nerve center for GOP activities in the borough of Brooklyn.

    County HQ has been located on Court Street in Downtown Brooklyn since 1929, but we are looking to relocate to a less expensive area with greater space for the same or lower rent.

    If you know of such a space, please contact us.

    Aside from a single office staffer, our other expenditures include computer hardware and software, and updates of our new database of all Brooklyn’s 113,000 Republican voters……..

    I love these boldfaced lies mixed with ancient information!

  19. December 23, 2009 11:43 am

    “Jay Golub/Daniel Peterson SMACKDOWN! LOL”

    you guys are cute. you think prose will “smackdown” people? very cute…

    “Who reads that UE anymore? What do they have to offer Brooklynites? Atlas is so much fun and so informational! Boring!”

    Who? Millions of hits a month – more than 75K individual readers a month. And, btw, just about every news organization, every politically connected person and most of the Republican leadership…yeah, but who’s counting…

    “informational?” Yes, Atlas is informational if you want to hear a deep discussion about how everyone “needs to get laid” or to catch up if you missed the latest Star Wars convention. We write about politics on UE – not people’s personal lives or hobbys…

    “but it seems like a mouthpiece for the interests of the Editors rather than an objective news blog, as they seem to consider themselves.”

    Every news entity does the same thing. The Editors always have views they want to express. At least UE allows others to post threads and nothing gets censored on UE either. And just remember, when we disagree with people – even friends – we express it on the blog. Did you forget about this one….

    http://www.urbanelephants.com/index.php/component/content/article/64/606-craig-eaton-gop-judas.html

    …ya see, UE has both the willingness to have tough open discussion, yet at the same time, realizing that eating our own on a daily basis helps NO ONE. At some point, I hope, you guys and gals will mature enough to understand the nature of the adult political world…

    When you guys are done pontificating about websites and other bloggers sex-lives (or lack-thereof), maybe you can put up a substantive post written about an issue affecting Brooklyn – other than the stuff you cut-and-paste that was written by others…

    • I Heart Jay G. permalink
      December 23, 2009 12:12 pm

      Aww, Jay, you can’t take all of these comments personally!

  20. Atlas Commentors Are Morons permalink
    December 23, 2009 11:59 am

    Jay’s fallen victim to Craig Eaton groupthink. I agree the commentors have gone insane, but the posts are juicy, chock full of solid information that the UE editors no longer have the guts to write about, like they did when they called Craig Eaton “GOP Judas”. So pick on the commentors all you want, but give the actual blog the credit it deserves for publishing news Brooklyn GOPers cant get anywhere else.

    • I HATE EATON THUGS permalink
      December 23, 2009 12:04 pm

      Craig Eaton is a “GOP Judas” for supporting Bloomberg (much good it did us), and his pharisees are embarrassing the party further, especially via their mindless attacks on Potter, Judge and Ferraro.

  21. December 23, 2009 2:28 pm

    “chock full of solid information that the UE editors no longer have the guts to write about,”

    Like what? Fake scandals about how Kings GOP resources are spent? Please.

    Atlas writers argue that it is wrong for Eaton and the Party to give to their only elected official. Are you kidding? If they didn’t give support to Golden, they’d probably be just as criticized. You guys don’t even know how to read the filings and figure out where the money is going…

    And, btw, I don’t take any of these comments personally and, as many of you know, I support all the constructive things that young Republicans and anti-establishment Republicans do.

    Although you guys seem to find scandal in everything someone writes, I have “no nickle in this quarter” when it comes to the Kings County GOP. I have friends on both sides of this argument.

    I participate here because I like the action and get a kick out of some of the writing, but again, so much more could be done with all of this energy besides the personal and over-the-top attacks – FROM BOTH SIDES…

  22. TJIUA is evil permalink
    February 3, 2010 3:21 pm

    What they’ve done to Susan is uncalled for.

    Only one person can do this – that is the bulldog, evil, Political Consultant, Gerry O’Brien. Gerry O’Brien consistently turns against his clients. Gerry O’Brien consistently uses dirt, smearing and malice to accomplish whatever evil goals he has.

    Craig Eaton and Marty Golden – be afraid, be very afraid . . . not of the folks on Atlas, but of Gerry O’Brien. You, the Kings County GOP, and many others have paid Gerry O’Brien for his evil services. In the process, he has learned your Achilles heel. He will use it against you . . . or is he doing so already? Are you beholden to Gerry O’Brien because he already has you where he wants you? Are you trapped in his evil lair?

    Beware! Beware! The evil one O’Brien will get you, too!

Trackbacks

  1. The Best of Atlas: Atlas Contributors Choose their Favorite Posts of 2009 – John Galt « Atlas Shrugs in Brooklyn
  2. The Brooklyn GOP Finances: A Series – Introduction « Atlas Shrugs in Brooklyn
  3. The Brooklyn GOP Finances: Part 1 – Without Bloomberg, Accounts Scarily Empty « Atlas Shrugs in Brooklyn

Comments are closed.

%d bloggers like this: