Federal Election Commission (FEC) records reveal that in February 2025, the Jeffries Victory Fund—affiliated with House Minority Leader Hakeem Jeffries—reported Quadrangle Group LLC as the employer of Hakeem Jeffries in a donation to the DCCC. The firm is managed by Steven Rattner, the former head of President Obama’s Auto Task Force. On the same day of the donation from Jeffreies, Rattner personally donated to the DSCC, also listing Quadrangle as his employer.
In a similar pattern, Loomered exclusively reported on how the Jeffries Victory Fund previously listed Suffolk Construction as the employer on another donation, which coincided with a contribution from Suffolk’s president, John Fish.
FEC Records Link Rattner’s Firm to Jeffries Victory Fund Donation
FEC records reveal that the Jeffries Victory Fund’s $43,700 donation to the DCCC was made on February 26, 2025—the same day Steven Rattner gave $44,300 to the DSCC. Both filings list Quadrangle Group LLC as the employer. The timing and employer alignment raise questions about FEC violations. Loomer Unleashed previously flagged a similar scenario involving Suffolk Construction, where both the Jeffries Victory Fund and company president John Fish made donations on the same-day, also citing the same employer.
Rattner’s Political Influence Extends Beyond Wall Street
Steven Rattner, a longtime Obama advisor, led the Auto Task Force during the administration’s auto industry bailout. His website highlights this role, noting that he also serves as an economic analyst on MSNBC’s Morning Joe and contributes to The New York Times opinion page. “He previously served as Counselor to the Secretary of the Treasury and led the Obama Administration’s successful effort to restructure the automobile industry,” his website states, referencing his book Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry. In recent op-eds for The New York Times, including an April 2025 piece titled “Few of Us Ever Imagined He Would Go This Far,” Rattner has sharply criticized President Trump’s policies.
Quadrangle’s SEC History Raises Further Red Flags
Adding to the scrutiny, Quadrangle Group LLC was the subject of a Securities and Exchange Commission (SEC) investigation in 2009. While Quadrangle co-founder Rattner was not named in the official SEC documents, The Wall Street Journal and The New York Times cited sources identifying him as a “senior executive” at the firm during the period in which the firm was under investigation.
SEC Tied Quadrangle to Major Pay-to-Play Scandal
In 2010, the SEC charged Quadrangle and its affiliate in connection with a pay-to-play “multi-billion dollar kickback” scheme involving New York’s largest pension fund. The firm agreed to a settlement, which included a $5 million penalty, without admitting or denying the allegations.
Patterns of Employer Coordination Mirror Prior Suffolk Construction Case
Suffolk Construction Co., a Boston-based federal contractor previously listed as an employer by the Jeffries Victory Fund, was fined $34,000 by the FEC in September 2017 for making improper contributions to a super PAC supporting Hillary Clinton’s 2016 presidential campaign. According to FEC findings—prompted by a complaint from the Campaign Legal Center (CLC)—Suffolk violated federal campaign finance laws by contributing two $100,000 donations to Priorities USA Action while holding active government contracts, placing the company among the PAC’s top donors.
Suffolk Construction’s 2017 FEC Penalty Set Legal Precedent
The case marked the FEC’s first penalty against a government contractor for such a violation. Federal contractors have been prohibited from making political contributions for over 75 years to prevent pay-to-play corruption, where public officials might award contracts based on political donations rather than public interest. Suffolk ultimately entered into a conciliation agreement with the FEC to resolve the violation.
Federal Contract Still Active Amid New Political Contributions
The company’s campaign finance record underscores a broader pattern of questionable fundraising practices involving entities tied to the Jeffries Victory Fund. That pattern reemerged in February 2025, when FEC records revealed the Jeffries Victory Fund listed Suffolk Construction as its employer in a $111,500 donation to the DCCC—the same day Suffolk owner John Fish personally contributed $132,900 and $44,300 to the committee, also listing Suffolk as his employer.
As of May 2025, Suffolk Construction continues to actively engage in federal government projects, including a $23,399,733 firm-fixed-price contract with DoD by the U.S. Army Corps of Engineers for a Tier 3 main computer room at the VA Boston Healthcare System with an estimated completion date currently projected as November 13, 2025.
Jeffries Victory Fund Raises Eyebrows by Listing Controversial Firms as “Employers”
Why Does the Jeffries Victory Fund List Firms with Legal Baggage as their “Employers” on DCCC Donations? Hakeem Jeffries must answer to the American people as to why his fundraising committees list companies—including Suffolk Construction, with active federal contracts and FEC violations, and Quadrangle Group LLC, tied to an SEC settlement—led by Democrat power brokers as their “employers.”
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