Hirsh Singh’s campaign manager says Republicans were never promised a seven-figure self-funder in the race to keep Frank LoBiondo’s 2nd district House seat red.
It’s really the opposite, according to Mike Byrne. Republicans have pledged to raise tons of money to help Singh win a seat in the U.S. House of Representatives.
“Every major Republican leader in this state has promised to help him fund this race,” Byrne told the New Jersey Globe. “They made very specific commitments.”
What about Singh’s own statements about his ability to self-finance a campaign as he sought endorsements from eight Republican county organizations in South Jersey?
“I don’t know anything about that,” Byrne said. “I don’t think it’s true.”
According to Singh’s personal financial disclosure filed today – eleven days after the deadline – the 33-year-old candidate has very little money to spend. He had a 401k worth $50,000 to $100,000 and won between $1,000 and $15,000 playing Roulette in Atlantic City in March. He reported earning $101,857 in 2017.
That’s it. No cars. No stocks or bonds. Not even a bank account – at least not one that has more than $1,000 in it.
Singh has already loaned his campaign $100,000 – Byrne declined comment on where the money came from. It’s possible that some of it came from two loans Singh took out in January. One was for between $10,000 and $15,000 from Goldman Sachs, and the other was from between $15,000 and $50,000 from LendingClub, which provides secondary market peer-to-peer loans using an online platform.
Byrne had no comment on the exact amount of the loans and would not say if anyone co-signed the loans for Singh.
“He filed his paperwork properly,” Byrne said.
News of Singh’s bleak personal finances caused two of his opponents, retired FBI agent Robert Turkavage and former Assemblyman Sam Fiocchi, to call on him to drop out of the race.
“Absolutely not,” said Byrne said. “We’re looking forward to the support of the people who promised.”
Some of that support may come on Sunday, when Singh has a fundraiser scheduled.
The New Jersey Globe asked if the fundraiser is open to the press – not a bad way to demonstrate some fundraising prowess to dispel speculation that the campaign can’t raise money.
“No,” Byrne said. “Closed event.”