Baker apparently taunts regulators about pay to play scandal

By David Sirota , written on May 14, 2014

From The News Desk

I will be on MSNBC's Rachel Maddow Show tonight discussing the latest revelations in the pension scandal exposed by PandoDaily and now engulfing Gov. Chris Christie and Massachusetts Republican gubernatorial candidate Charlie Baker. Just a few hours ago, Boston local television picked up our reporting, and made some news with an interview with Baker.

After recounting more Baker denials about his affiliation with General Catalyst, New England Cable News had this nugget in which Baker seems to taunt federal and state regulators:

But the story gets thornier for Baker amidst reports that some of the $25 million from the New Jersey pension fund was directed toward a health insurance company where Baker is an on-the-board "executive in residence."

"I have no idea, nor should I have any idea what fund General Catalyst chooses to use when it makes a decision, when IT makes a decision to invest in a particular company," Baker said.

Baker says the truth that there was no wrong doing on his part will be clear in the coming months as no action is taken against him. Either way, the political repercussions will follow. Baker's move to effectively taunt regulators with such a confident prediction stands in contrast to what legal experts have told Pando. As we previously reported, a former SEC chairman, a former Assistant U.S. Attorney, a former FEC general counsel and a watchdog group that lobbied for New Jersey's pay to play law have all raised significant legal questions about Baker's $10,000 contribution to the New Jersey Republican State Committee just months before Christie officials gave Baker's firm a New Jersey pension contract.

Those legal questions were raised by these experts even before Pando discovered evidence that the New Jersey pension fund invested taxpayer money in a specific fund that then invested money in firms on whose board Baker sits.

[Image credit: Charlie Baker]