New Jersey Paid Fees To Mary Pat Christie's Firm After State Investment Was Terminated

New Jersey Paid Fees To Mary Pat Christie's Firm After State Investment Was Terminated
BELMAR, NJ - OCTOBER 29: New Jersey Governor Chris Christie speaks at an event in Belmar two years after Hurricane Sandy on October 29, 2014 in Belmar, New Jersey. Hurricane Sandy was recorded as the deadliest and most destructive hurricane of the 2012 Atlantic hurricane season. It caused over $68 billion in damages, and hundreds of people were killed along the path of the storm in seven countries. Today marks when its storm surge hit New York City and the surrounding area which flooded streets, tunnels and subway lines and cutting power in and around the city. (Photo by Kena Betancur/Getty Images)
BELMAR, NJ - OCTOBER 29: New Jersey Governor Chris Christie speaks at an event in Belmar two years after Hurricane Sandy on October 29, 2014 in Belmar, New Jersey. Hurricane Sandy was recorded as the deadliest and most destructive hurricane of the 2012 Atlantic hurricane season. It caused over $68 billion in damages, and hundreds of people were killed along the path of the storm in seven countries. Today marks when its storm surge hit New York City and the surrounding area which flooded streets, tunnels and subway lines and cutting power in and around the city. (Photo by Kena Betancur/Getty Images)

When the New Jersey pension system terminated a $150 million investment in a fund called Angelo, Gordon & Co. in 2011, that did not close the books on the deal. In the three years since state officials ordered the withdrawal of that state money, New Jersey taxpayers have forked over hundreds of thousands of dollars in fees to the firm. As those fees kept flowing, Angelo Gordon made a prominent hire: Mary Pat Christie, wife of Gov. Chris Christie, who joined the company in 2012 as a managing director and now earns $475,000 annually, according to the governor's most recent tax return.

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