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Thursday, November 21, 2024

Hoffman's economic interest statement shows assets of at least $930K; Ownership in Blue Bulldog sharing office with Eudora Global

Campaigns & Elections
Capitolofillinois

SPRINGFIELD – Rep. Jay Hoffman (D-Belleville) owned shares of 12 big businesses and held dozens of investment accounts last year, according to an economic interest statement he filed on Feb. 25.

He listed 93 assets worth more than $10,000, putting his floor at $930,000 and his ceiling in the clouds.

While he appropriates money for public purposes in Illinois, he invests money for public purposes in other states.

He holds:

- Water and sewer bonds for Alvin, Texas, and utility bonds for Harris, Kaufman, and Williamson counties in that state.

- Redevelopment bonds in Boonville, Ind. and library bonds for Greenwood, Ind.

- General improvement bonds for Oakland, NJ.

- Shares of American High Income Muni Bond Fund.

His list of assets in private business mixed familiar names like Morgan Stanley with puzzles like “shrt term bd fd amer.”

He listed:

- 16 assets with First Trust including innovative technology, emerging markets, mid cap and mega cap.

- Franklin Federal tax free income fund A1.

- New Perspective and New World.

- Growth Fund America and Euro Pacific Growth.

- Shares of Bank of America, Cisco Systems, Citigroup, Dominion Energy, Exxon Mobil, Ford Motor, Netflix, Novartis, Pepsico, Pfizer, and Verizon.

- Shares of Air Products, an industrial gas business constantly defending asbestos suits that some of Hoffman’s campaign contributors filed.

He listed his law practice among assets worth more than $10,000, and reported that his income from it exceeded $7,500.

He listed Blue Bulldog as an asset worth more than $10,000, but not as a source of income exceeding $7,500.

He listed Citizens Rx as a source of income exceeding $7,500, but not as an asset worth more than $10,000.

Jeffrey Cooper of Edwardsville created Blue Bulldog and Citizens Rx in 2015.

Hoffman’s economic interest statement last year identified himself as president of Blue Bulldog and vice president of Citizens Rx.

Cooper also operates the business Eudora Global from the same Edwardsville address as Blue Bulldog

The name of Hunter Biden, son of President Joe Biden, stood out on annual reports of Cooper’s Eudora Global from 2012 to 2014.

This year’s economic interest statement did not require disclosure of business ownership positions.

Cooper incorporated Citizens Rx in Delaware as a Tennessee business managing pharmacy benefits for employers.

Its website shows a main office in Oak Park and offices in five other cities.

An online search for Blue Bulldog produced nothing about an Illinois business.

Illinois corporation records show Hoffman as its manager and Collinsville accountant Richard Cain as its agent.

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