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STAR TRIBUNE: “CIRESI WORTH $26.73 MILLION”
By Michael B. Brodkorb | July 4, 2007
"Ciresi's investments are largely in managed funds where he does not direct investments. His holdings range from major media corporations such as Gannett and the New York Times Co. to more than a quarter-million dollars in Computer Associates stock. His funds also include a $325,680 investment in MGM Mirage, a hotel in Las Vegas.
Ciresi does control nearly $9 million invested in local tax-free municipal bonds such as the Minnesota Housing Finance Agency and the Minneapolis school district.
About $2.3 million is invested in private holdings such as rental properties and a restaurant holding company in Florida. He also holds about $12,000 in Proctor & Gamble.
Moreover, Ciresi has almost $67,000 in Endo Pharmaceuticals, the maker of pain-management drugs such as Percocet. In his previous run for Senate in 2000, Ciresi made lowering drug prices a centerpiece of his campaign. About five months ago, Ciresi touted his legal history fighting the drug industry.
'Lots of people in this election will claim to be fighters and advocates,' Ciresi told the Star Tribune in February. 'I've done it. I know what it is to take on the pharmaceutical industry, the tobacco industry. I've represented individuals, states, countries. I would go in as a seasoned leader.'
Leslie Sandberg, a Ciresi spokesperson, said the pharmaceutical investments are part of a mutual fund." Source: Star Tribune, July 3, 2007
Click here for the complete story.
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I'll have more information on Ciresi's finances later this week on Minnesota Democrats Exposed.
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