Matt Doheny spent a decade on Wall Street, buying up vulnerable companies and firing their employees to maximize his profits.

 

He worked for a company that used the Cayman Islands to avoid paying taxes.

 

And Matt Doheny bought his own two private islands and moved here to run for Congress.



But Don’t Take Our Word For It …

See The Facts For Yourself


1995-2000: Matt Doheny worked for several law firms around New York.

Doheny worked as a lawyer for several law firms including Hancock & Estabrook in Syracuse, Orrick, Herrington & Sutcliffe LLP and Kelley Drye & Warren LLP in New York City. He focused on business and corporate law.
[Post-Standard, 5/09/96; dohenyforcongress.com, accessed 4/23/10; Watertown Daily Times, 6/12/09]

2000-2008: Matt Doheny worked on Wall Street, buying vulnerable companies, firing their workers and cutting benefits to maximize profits.

Doheny worked as managing director for troubled assets at Deutsche Bank Securities.
[dohenyforcongress.com, accessed 4/23/10]

“Mr. Doheny, Watertown, said he led Deutsche Bank's investments in — and restructuring of — more than 100 troubled North American companies during an eight-year career. He left the New York City bank in 2008 to take a similar role at Fintech Advisory, a private partnership of fewer than 12 people.”
[Watertown Daily Times, 7/02/10]

Doheny worked as “managing director for distressed assets at Deutsche Bank from 2000 to 2008, where he helped purchase debt from failing companies like Air Canada, Pacific Gas & Electric and Adelphia.”
[Sacandaga Express, accessed 8/03/12]

Matt Doheny's restructuring of Adelphia on behalf of Deutsche Bank included firing approximately 500 employees, while executives received millions of dollars in bonuses and severance.
[Watertown Daily Times, 7/2/10, Bloomberg News, 9/16/04, Rocky Mountain News, 8/24/06]

“Distressed debt investors buy the bonds and loans of stricken companies at a big discount to their par value. They have a claim on the assets of the borrower and substantial profits can be made through gaining a higher settlement in the liquidation process or by accepting an equity stake in the restructured business.”
[Financial Times, 2/26/12]

2008-2010: Matt Doheny worked for a company that used the Cayman Islands to avoid paying taxes.

Doheny worked as a portfolio manager for Fintech Advisory, a New York investment firm.
[Post-Standard, 4/20/10]

Since 2008, Fintech Real Estate Ltd. – though located in Fintech’s New York City offices – was incorporated in the Cayman Islands.
[New York State Division of Corporations, accessed 5/13/10]

According to Bloomberg News, the Cayman Islands had no corporate income taxes for companies incorporated there.
[Bloomberg.com, 5/05/09]

2010-2012: Matt Doheny moved to the North Country to run for Congress and bought his own two private islands.

"The green he's earned restructuring companies has helped him buy a pair of neighboring islands on the St. Lawrence River that guard the mouth of Goose Bay. 'As soon as I had two nickels to rub together, I knew I wanted to get something the family could enjoy,' he said."
[Watertown Daily Times, 8/15/10]

48654 Shamrock Is, Alexandria, NY
[Jefferson County Assessor, accessed 4/30/10]

Caprice Island, 48594 Caprice Is, Alexandria, NY
[Jefferson County Assessor, accessed 4/30/10]