prudential financial

Chris Christie Gave Millions More Pension Dollars To Donor’s Firm Than Disclosed, Documents Show

New Jersey rules require Republican Gov. Chris Christie’s administration to cancel investment contracts with firms whose officials raise or donate money to the governor’s political campaigns. But his administration has paid more than $16 million in pension fees to the financial firm that was led by Christie’s chief fundraiser and top donor, Jon Hanson.

The money – far more than previously disclosed – flowed to Hanson’s company, Prudential Financial, and its related funds that the state pension system has invested in. The new information, obtained through an open records request by International Business Times, comes as the Christie administration is facing a government investigation into whether it has fully disclosed all fees paid to financial firms – some of whose executives have made donations to GOP groups backing Christie.

That investigation follows a recently concluded “pay to play” probe of the state’s pension system [under Christie]…