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Cuomo backers pause fundraising amid sexual harassment claims: report

Added 03-01-21 05:18:02pm EST - “New York Gov. Andrew Cuomo could lose crucial financial backing as he faces an independent investigation into sexual harassment allegations from two former aides. Fundraisers and donors told CNBC t?” - Nypost.com

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Posted By TheNewsCommenter: From Nypost.com: “Cuomo backers pause fundraising amid sexual harassment claims: report”. Below is an excerpt from the article.

New York Gov. Andrew Cuomo could lose crucial financial backing as he faces an independent investigation into sexual harassment allegations from two former aides.

Fundraisers and donors told CNBC they are pausing and reevaluating their support of Cuomo, who has said he will be seeking a fourth term when he’s up for reelection next year.

The powerful Democrat’s campaign has raised more than $4 million since July, and started 2021 with a war chest of $16 million.

But several Wall Street executives close to Cuomo donors and bundlers told the network that efforts to raise funds have either halted or are being rethought amid the allegations.

“They’re in a wait-and-see mode, meaning not writing a check now but also not willing to completely cut him off yet,” one person told the outlet.

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