Dan Hynes (Illinois)
Daniel Hynes (born July 20, 1968) is a former Illinois Comptroller. He was elected on November 3, 1998.
Dan is a graduate of the University of Notre Dame and Loyola University Chicago's School of Law. On October 22, 2009 Dan Hynes declared his candidacy for Illinois' 2010 gubernatorial election.
Education
- J.D., Loyola University of Law, 1993
- B.S., Economics/Computer Applications, University of Notre Dame, 1990.
Career
Dan Hynes is a health care attorney by profession. In 1998 he was elected to his first statewide office as Comptroller for Illinois.
As Comptroller
Dan Hynes was elected as Illinois Comptroller on November 3, 1998. He was re-elected to a third term in 2006. In 2009 Hynes announced he would not seek a fourth term and would be running for Governor of Illinois in 2010.
While in office, Hynes established Illinois' first "Rainy Day Fund" which was designed to secure funding for the state in the event of a slowdown in revenue.
Pre-Need Trust Fund Scandal
Over the course of 2009, details unfolded in an investment scandal involving millions of dollars that were to be set aside for the funerals of the investors. The Illinois Funeral Directors Association Pre-Need Trust Fund lost millions of dollars from 2001-2009.
A Pre-need funeral trust is a fund that allows citizens to pay for their funerals in advance. The arrangements are made and paid for at the time of purchase, and the money then goes into an investment fund. The returns on that investment are to cover any inflation that occurs between the time of purchase and the time the funeral actually occurs.
The Illinois fund reached 300 million dollars invested at its high point, but has been losing money throughout Dan Hynes' term as comptroller. The program in practice has been described as "Ponzi"-style by Illinois Governor Pat Quinn's campaign.[1] The fund is facing investigation and lawsuits brought by members.[2] Many association members claim that Hynes' office failed to protect them.[3]
Through apparent mismanagement, as well as a scheme to invest in life insurance policies taken out on funeral directors, approximately $100 million dollars were lost. The fund, by law, is under the direct supervision of the comptroller's office.
Elections
2010
2010 Race for Governor - Democrat Primary[4] | ||||
---|---|---|---|---|
Candidates | Percentage | |||
![]() |
50.5% | |||
Dan Hynes | 49.5% | |||
Total votes | 915,726 |
2016 Democratic National Convention
See also
External links
Footnotes
- ↑ Quinn Goes There
- ↑ Funeral homes sue over $18M settlement
- ↑ People look for answers in funeral trust case
- ↑ Illinois State Board of Elections, "Vote Totals List: General Primary 2010" accessed July 7, 2010
- ↑ Ballotpedia's list of superdelegates to the 2016 Democratic National Convention is based on our own research and lists provided by the Democratic National Committee to Vox.com in February 2016 and May 2016. If you think we made an error in identifying superdelegates, please send an email to editor@ballotpedia.org.
- ↑ “Morning Consult, “The Fight for Democratic Super Delegates Isn't Over Yet,” March 25, 2016
- ↑ To find out which candidate a superdelegate supported, Ballotpedia sought out public statements from the superdelegate in other media outlets and on social media. If we were unable to find a public statement that clearly articulated which candidate the superdelegate supported at the national convention, we listed that superdelegate as "unknown." If you believe we made an error in identifying which candidate a superdelegate supported, please email us at editor@ballotpedia.org.
- ↑ Congressional Research Service, "The Presidential Nominating Process and the National Party Conventions, 2016: Frequently Asked Questions," December 30, 2015
- ↑ CNN, "Illinois exit polls," March 16, 2016
- ↑ 10.0 10.1 Democratic National Committee, "2016 Democratic National Convention Delegate/Alternate Allocation," updated February 19, 2016
- ↑ The Green Papers, "2016 Democratic Convention," accessed May 7, 2021
- ↑ Democratic National Committee's Office of Party Affairs and Delegate Selection, "Unpledged Delegates -- By State," May 27, 2016
Political offices | ||
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Preceded by NA |
Illinois Comptroller 1999–2010 |
Succeeded by Judy Baar Topinka |