NY Dem Fails to Disclose More Than $25 Million in Personal Financial Holdings

New York Democratic congressional candidate Nancy Goroff failed to disclose more than $25 million in personal financial holdings while loaning her campaign more than $1 million—a potential violation of House ethics rules, according to an election watchdog.

Goroff, who is in a tight race against Republican incumbent Lee Zeldin, reported between $5 and $25 million in a Vanguard brokerage account in her latest financial disclosure. Goroff also holds up to $200,000 between three retirement accounts, according to the disclosure.

The Democrat, however, did not report the underlying holdings in those accounts, which runs afoul of congressional disclosure rules designed to safeguard against conflicts of interest. House rules require congressional candidates to disclose the "specific stocks, mutual funds, or other assets" within an investment account.