Citing DiLorenzo’s Own Statements, NHDP Files Complaint with DOJ Over Hidden Assets

Citing DiLorenzo’s Own Statements, NHDP Files Complaint with DOJ Over Hidden Assets
 

Manchester, NH – A complaint filed with the U.S. Department of Justice (DOJ) provides evidence that Anthony DiLorenzo failed to disclose millions of dollars’ worth of assets as well as management positions with several companies, in violation of federal law.  Every candidate for federal office is required to disclose personal financial interests as a check against corruption in accordance with the Ethics in Government Act of 1978. 

In response to questions about the discrepancy, DiLorenzo’s campaign described assets in a “trust” as well as loans taken from those trusts that do not appear anywhere on his disclosure.  These statements, as well as state records connected to DiLorenzo to other undisclosed assets, are cited in the complaint. 

“Not only do public records from the New Hampshire Secretary of State contradict DiLorenzo’s financial disclosure, but now, so do the statements made by his own campaign.  It’s clear he isn’t being honest with the people of New Hampshire, and we’re asking the Department of Justice to investigate and determine the extent of his deception,” said NHDP Chair Ray Buckley.  “Just like Donald Trump, Anthony DiLorenzo thinks the rules for everyone else don’t apply to him. That’s how we know DiLorenzo will never hold Donald Trump accountable for his outrageous corruption – he doesn’t want to stop it, he wants in on it.” 

Public records indicate that Anthony DiLorenzo is the sole manager or director of at least 24 different entities that do not appear on either of his candidate Public Financial Disclosures. Records maintained by various town assessors indicate that these entities, taken together, own $103,827,319 worth of property in New Hampshire, Maine, Pennsylvania, and Vermont.

He also only reported total assets of only $1.8 million to $6.7 million. Public records and campaign statements show DiLorenzo oversees 20+ dealerships and 11 collision centers, donated $4 million to the UNH hockey program, bought a $6.5 million private island, acquired a $9 million federal building in Portsmouth, and loaned $1.75 million to his congressional campaign. None of this lines up.

Additionally, state records show that Anthony DiLorenzo holds multiple LLC-manager positions that were omitted from both of his PFDs. These records, maintained by the New Hampshire Secretary of State, list Anthony DiLorenzo as the sole manager of nine companies that appear nowhere on either filing.

DiLorenzo’s PFDs do not disclose any bank accounts. There is no sign at all that he has a checking or savings account, nor is there any indication that he has any brokerage account. Aside from a single mutual fund held in a 401(k), his only reported assets are interests in privately held companies, including three offshore reinsurance companies.

Even GOP political operatives have raised questions about DiLorenzo’s personal and campaign finances. On a right-wing blog, Pat Hynes noted DiLorenzo is one of the richest men in the state, and yet claims to be “the poorest candidate in the GOP primary.” 

As a candidate for public office, New Hampshire voters deserve to have the full picture of Anthony DiLorenzo’s personal financial interests and who is funding his campaign.