Lobbyist Fred DuVal Refused to Register His Lobbying Activity in New Jersey

Lobbyist Fred DuVal Refused to Register His Lobbying Activity in New Jersey

Influence-Peddler DuVal Lobbied throughout Country, Never Registered His Activities

PHOENIX – Fred DuVal, Democrat candidate for governor in Arizona and special interest lobbyist, worked as a “consultant” for Swiss bank UBS in 25 states.  In several of those states, including New Jersey, DuVal failed to register as a lobbyist despite state regulations that show he should have.  Why is DuVal hiding his lobbying activities?

“Democrat candidate Fred DuVal is a lobbyist, plain and simple, and was hired by a Swiss bank to secure bonds in 25 states,” Arizona Republican Party Chairman Robert Graham said. “Yet, for reasons unknown to everyone except Fred DuVal, he refuses to disclose his client list despite public promises to do so.  Could it be because he failed to register his lobbying activity in states like New Jersey, despite the fact that it was required?  What else could Fred DuVal be hiding?”

Fred DuVal’s Shady Lobbying Background:

Fred DuVal Was Paid $580K From 2001-2005 As A Lobbyist For UBS Financial Services. “You were identified as working in 25 states attempting to influence governors on bond sales.  We also know you were under contract with UBS from 2001-2005 and were paid $580K during this time.” (Press Release, “AZGOP Chairman Asks Democrat Nominee For Governor About Lobbying Career,” Arizona Republican Party, 8/27/14)

DuVal Spent Close To $24,000 In Expenses As A Lobbyist For UBS. “How is it that – while lobbying for bond sales in these three states – you never incurred even a minimal expense that would have triggered registration?  After all, you charged UBS nearly $24,000 for “expenses” involved in your lobbying.” (Press Release, “Many Questions, Too Few Answers About Lobbyist Fred DuVal And His Undisclosed History,” Arizona Republican Party, 8/28/14)

Not In One Single State Was DuVal Registered As A Lobbyist During This Time. “We also know that you didn’t register as a lobbyist in any of these states, despite clear language in the laws saying you should have.” (Press Release, “Many Questions, Too Few Answers About Lobbyist Fred DuVal And His Undisclosed History,” Arizona Republican Party, 8/28/14)

In 2005, UBS Credited DuVal For Obtaining Bond Deals With The New Jersey Housing & Mortgage Finance Agency Totaling Nearly $192 Million. (Website, UBS MSRB Filing 2005 Q1, Pg. 46, MSRB, Accessed 10/7/14)

New Jersey Lobbying Regulations:

According To The New Jersey Election Law Enforcement Commission DuVal Should Have Registered Because He Was Engaged In Governmental Process Lobbying.  “‘Influence a governmental process’ means to make any attempt, whether successful or not, to assist a represented entity or group to engage in communication with, or to secure information from, an officer or staff member of the Executive Branch, or any authority, board, commission or other agency … Governmental Process Lobbying Includes: Public Contracting; Bidding Procedures.” (Website, New Jersey Election Law Enforcement Commission, Accessed 10/7/14)