Home>Feature Right>Alvarez had personal financial deal with Murphy before campaign, records show

Albert Alvarez

Alvarez had personal financial deal with Murphy before campaign, records show

Former administration official went to work for Murphy in October 2015

By David Wildstein, October 12 2018 9:11 am

Albert Alvarez, who resigned his post in the Murphy administration amidst allegations the he was investigated for criminal sexual misconduct, has personal financial ties to Gov. Phil Murphy that go back to 2015.

Financial disclosure statements filed by Alvarez in 2016 show that he began working for Murphy personally – his disclosure lists “Philip D. Murphy” as his source of income — on October 1, 2015.  He also worked for New Way for New Jersey, a tax-exempt issue advocacy group Murphy founded as he explored a gubernatorial run.

Alvarez left his job as an attorney at a New Brunswick law firm on January 4, 2016.

His salary at the Murphy non-profit was about $250-per-week, according to tax returns filed with the Internal Revenue Service.

Between December 2015 and June 2016, Alvarez was paid a total of $8,000 as a consultant for New Way New Jersey.  PolitickerNJ first reported his hiring in November.

He joined the Murphy for Governor campaign around May 2016 and started getting paid in July, according to reports filed with the New Jersey Election Law Enforcement Commission.

For the first six months of 2016, Alvarez’s only source of income was the $250-per-week he earned at the non-profit and the undisclosed income he received from Murphy personally, according to his filings.

Alvarez filed the financial disclosures because he was a member of the New Jersey Lottery Commission.  His 2017 financial disclosure shows Murphy for Governor as his sole employer.

His 2018 financial disclosure shows Alvarez with few personal assets.  He had between $5,000 and $25,000 cash in the bank, a pension worth between $1,000 and $5,000, a car worth less than $25,000, and accumulated cash value of a life insurance policy valued at between $100,000 and $250,000.

He also listed a personal car loan of between $5,000 and $25,000, and outstanding student loans between $105,000 and $300,00.

Alvarez’s financial disclosure does not show any income from New Start New Jersey, Murphy’s think tank.

A biography of Alvarez that appeared on the New Jersey Schools Development Authority website, where he served as the $140,000-a-year chief of staff before his resignation, does not mention his employment with Murphy prior to his being hired as director of community outreach for the gubernatorial campaign.

Al Alvarez 2016 financial disclosure
Al Alvarez 2017 financial disclosure
Al Alvarez 2018 financial disclosure
Al Alvarez bio
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