Everyone is Asking About Frank Guinta's Mystery Money

When will Guinta be frank with voters and release his bank statements?

Concord - Over the past week, the list of people making serious inquiries into New Hampshire's first district Republican nominee Frank Guinta's highly suspicious bank accounts has grown exponentially.  Mr. Guinta has loaned his campaign over $350,000.00, an enormous sum of money for someone who failed to list a bank account worth more than 80,000.00 on his first FEC disclosure form.

Formal complaints have been filed with the Federal Elections Commission and Clerk of the Congress by both Democrats and Republicans. Yet, Mr. Guinta has continually refused to address the issue, and ignored all requests that he release bank records proving the money being funneled into his campaign is his and not an illegal contribution from an outside source.

Coverage of this brewing scandal has appeared in most major in-state media outlets, including WMUR, the Nashua Telegraph, New Hampshire Public Radio, the Union Leader, the Concord Monitor, and in an AP story this morning.

"How many more people will have to ask about Mr. Guinta's mysterious hidden bank accounts before he finally releases his bank statements?," asked Harrell Kirstein, press secretary for the New Hampshire Democratic Party.  "It is time for him to be honest with voters so we can move forward."

Guinta has also taken criticism from the state Republican Party leadership.  His former boss and the last Republican to hold the Congressional seat Guinta is now running for, Jeb Bradley, told Politico that if Guinta won't release his bank statements he should drop out of the race.  And the former Republican state Party Chair Fergus Cullen added, "If Guinta is telling the truth...he can prove it easily. All he needs to do is release bank statements....that he has declined to this speaks volumes."

"The average person would think that if Mr. Guinta was serious about running for Congress he would want to put to rest any and all doubts that his campaign has actually been bought and paid for by an anonymous source," continued Kirstein.  "As multiple people have pointed out, his stubborn failure to be honest the voters of the first Congressional district is extremely suspicious, and casts obvious doubt onto his candidacy."

Below are links to news reports of recent inquiries into Guinta's mysterious hidden bank accounts.
   
NH's Shea-Porter hits Guinta on source of loan
10/8/2010
"Guinta, the former mayor of Manchester, amended a disclosure form last summer to list a previously unreported bank account holding up to $500,000 but has refused to show a bank statement that proves the account's existence. His critics have questioned how someone whose chief income over the last decade was his $72,000-a-year mayoral salary could save that amount."


Concord Monitor: Formal complaints filed against Guinta
10/06/2010
"Last week, the New Hampshire Democratic Party filed formal complaints with the Federal Election Commission and the clerk of the U.S. House about Guinta amending his financial disclosure form in July to include a Bank of America account worth between $250,001 and $500,000....Brett Bosse, Guinta's spokesman, declined to comment on how Guinta generated the money in the account or whether it has been used to fund Guinta's campaign."


NHPR: Dems Challenge Source of Guinta's Cash
10/06/2010
"Republican congressional candidate Frank Guinta continues to face questions about the source of a large bank account and some 300 hundred thousand dollars he loaned his campaign.  NHPR's Jon Greenberg reports that Democrats say the numbers don't add up.


Back in July, Frank Guinta corrected his financial disclosure form to report a bank account worth at least a quarter of a million dollars.  The account had not appeared on previous reports."


Union Leader: Democrats seek probe of Guinta's finances
10/06/2010
"...the Democratic Party pointed out that the account Guinta had initially forgotten to list had never before shown up on any financial disclosure forms he had filed in the past, including when he was mayor and alderman.... 'Furthermore, neither Mr. Guinta's stated income as a city official nor the financial disclosure statement filed with the City of Manchester in connection with his locally held positions are consistent with a forgotten account valued at more than $250,000,' the complaint stated."


Nashua Telegraph: Shea-Porter Questions Foe's Records
10/05/2010
"'(This bank account matter) is a serious issue, and it's certainly something voters can relate to," said Andrew Smith, a professor of political science and director of the Survey Center. "It's something Mayor Guinta hasn't done a good enough job explaining, and until he does, it's something that's certainly fair game (for Shea-Porter).'"


NHPoliticalScoop: Dems file FEC, Congressional complaints against Guinta
09/30/2010
"Guinta has called the mystery bank account a clerical error, but he has refused to show bank records to prove it's not a new account, which would be an illegal campaign donation."


WMUR: Democrats File Complaint
09/30/2010
(VIDEO)

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