Conservative Milwaukee financier Stephen Einhorn and his wife, Nancy, donated $25,000 to Gov. Scott Walker a month before Einhorn’s firm won a contract to manage $1 million of taxpayer money, potentially triggering federal “pay-to-play” conflict of interest rules.
Einhorn’s Capital Midwest and two other companies were chosen by the Wisconsin Housing and Economic Development Authority from a field of six applicants to invest $7 million of federal money in state businesses, particularly those in low-income communities. After an inquiry by the Milwaukee Journal Sentinel about the two $12,500 contributions from the Einhorns, a WHEDA official said the agency is holding off on releasing the money to Capital Midwest until the firm resolves questions about the federal rule.
“They’ve got to get this answered before anybody’s comfortable making any kind of final release,” said John Hogan, WHEDA chief operating officer.
I’ll give Stephen Einhorn credit….he got a heck of a return on his $25,000 investment in Gov. Walker’s campaign.