Word: zaccaro
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Geraldine Ferraro and John Zaccaro are the victims of probably the largest invasion of privacy in history...
...incensed over the treatment of Ferraro and her husband. What John Zaccaro owns and how much money he makes are nobody's business. He is not running for public office...
...petty campaign blunders, the distracting debate over religious issues and the lingering doubts about his running mate's financial affairs. The House Ethics Committee announced that it would investigate whether Geraldine Ferraro, as a Congresswoman, had improperly claimed an exemption from disclosing the finances of her husband John Zaccaro. The committee had no choice politically except to proceed with a probe, once the conservative Washington Legal Foundation had formally challenged Ferraro's right to the exemption. Its investigation, which probably will not be completed before Congress adjourns Oct. 4, does not necessarily mean Ferraro did anything wrong...
Ferraro repaid the illegal campaign loans in October 1978 with the proceeds from 231 Centre Street and $30,000 from the sale of her interest in an unrelated mortgage. The FEC eventually fined her campaign $750. Zaccaro bought back the interest in 231 Centre Street in January 1979, after his wife's election to Congress. Ferraro says she only learned of the buy-back early in 1984. "Why did you do it?" she said she had asked Zaccaro. "He said it was legal and I said, 'Sure it was, but it doesn't look...
When Ferraro and Zaccaro filed their last joint tax return in April 1979 (they have since filed separately), they substantially underestimated the profit on the building sale. They listed the original purchase price as $90,311, which was accurate enough ($87,750 plus $2,561 in closing costs). But they said the building was sold for $96,500, for a capital gain of only $6,189. This ignored the fact that Lerman had assumed her $62,300 mortgage. Accountants from Arthur Young & Co., recently hired by Ferraro to review her finances, discovered the omission almost at once. It meant that...