NYC Mayoral Candidate Relies on Big Business Ties to Raise Money

McGuire, who launched his campaign for mayor of New York in December,
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Ray McGuire and his allies in New York tapped into their deep-pocketed fundraising networks to help raise over $5 million for the former Citigroup executive’s mayoral campaign.

McGuire, who launched his campaign for mayor of New York in December, turned to a group of associates who have known him and several of his allies for years, according to people familiar with the matter.

His fundraising success gives him a war chest that will help him compete with other contenders in a large Democratic primary.

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