New York Government. Andrew Kyomo could lose significant financial support as he faces an independent investigation into sexual harassment allegations from two former associates.
Money and giver Told CNBC They are withholding and reevaluating their support of Cuomo, who has said he will seek a fourth term when he is ready for next year’s reunion.
“Now nobody is giving him. Everything is on hold, ”a finance executive told the outlet.
The powerful Democrat campaign has raised more than $ 4 million since July, and began 2021 with a war chest of $ 16 million.
But several Wall Street officials close to Cuomo donors and bundles told the network that efforts to raise funds were either stalled or reconsidered amid allegations.
“Are in a wait-and-see mode, which means not writing a check, but also not wanting to completely cut it yet,” one person told the outlet.
“This is provoked by the fact that they do not want to get caught on the wrong side of the governor,” the source said.
New York businessman Bernard Schwartz, who has given $ 70,000 to Cuomo’s campaign since 2019, said the governor may not deserve another word.
“Until he comes forward and faces her completely and openly and honestly, he doesn’t deserve a fourth term, even though I like him very much,” Schwartz told CNBC.
“I think people who like him and have been with him for a long time are asking how he put himself in that position,” he said.
But billionaire businessman Mogul John Catsimatidis, who gave $ 10,000 to Cuomo’s campaign in 2018, The Post said it was not yet built on gov.
Cassimatidis said, “Cuomo has explained to do, but we should give him a chance to prove his innocence.”
“The people I talk to [say] Cuomo is more likely to survive this. “
Still, the Cuomo campaign is unlikely to hold off until the dust settles, said Kathy Wylde, CEO of Partnership for New York City, which represents several representatives of Big Apple’s donor-rich financial services firms and business moguls.
“I doubt the contributors have had an opportunity to digest the situation,” Vayle told The Post.
“But it would be surprising if the governor is urging campaign donations until the investigation into sexual harassment allegations is completed.”
Meanwhile, corporations backed Cuomo in 2018 – including AT&T, Comcast, Citigroup, JP Morgan and Bank of America – are likely to not immediately push back on it, insiders said.
“Many of these corporations are based in New York and have interests in New York and they will likely stand with the governor because it is in their interests to do so,” Democratic political strategist Hank Schinkoff told CNBC.
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