New Jersey Governor's Blind Trust Run by Wife's Brother Raises Conflict Concerns
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The New Jersey governor and his wife have put their assets in a "blind trust" run by the wife's brother, raising conflict of interest concerns.
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Experts say federal ethics rules don't allow family members to run "blind trusts" for elected officials to avoid conflicts.
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The wife is running for US Senate and has said she would comply with Senate ethics rules on blind trusts if elected.
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Financial disclosures show the couple's assets include trusts and companies connected to the wife's family's auto dealership business.
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Experts advise liquidating assets and putting them into mutual funds and index funds to avoid conflicts, rather than using a family-run "blind trust."