Tim Mahoney
| Tim Mahoney | |
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| Member of the U.S. House of Representatives from Florida's 16th district |
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In office January 3, 2007 – January 3, 2009 |
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| Preceded by | Mark Foley |
| Succeeded by | Tom Rooney |
| Personal details | |
| Born |
August 16, 1956 Aurora, Illinois |
| Political party | Democratic |
| Spouse(s) | Terry Mahoney (divorced) |
| Children | Bailey Mahoney |
| Residence | Palm Beach Gardens, Florida |
| Alma mater | West Virginia University, George Washington University |
| Occupation | Computer executive, Financial Services executive |
| Religion | Methodist |
Timothy Edward "Tim" Mahoney (born August 16, 1956) is a former U.S. Representative for Florida's 16th congressional district and a member of the Democratic Party. He was elected in November 2006 after his opponent, six-term Republican incumbent Mark Foley, resigned on September 29, 2006, after questions were raised about an email exchange with a congressional page.
In October 2008, media outlets began reporting allegations that Mahoney paid hush money to a mistress to conceal an extramarital affair.
Tim Mahoney ran for reelection in 2008 but lost the November 4 election to Republican Tom Rooney.
Mahoney was born in Aurora, Illinois. He grew up in Summit, New Jersey, and graduated from Summit High School in 1974. He obtained a bachelor's degree in computer science and business from West Virginia University in 1978 and an M.B.A. from George Washington University in 1983.
Mahoney began his career in the computer business. After seven years, he achieved wealth when a company he was working for, Tecmar, which sold personal computer accessories, was sold. In 1986, he moved to Florida and became president of Rodime Systems, a division of Rodime Inc. Rodime Inc., for which Mahoney was also vice president of marketing and sales, manufactured disc drives that were packaged for the retail market by Rodime Systems. In 1995, Mahoney and business partner, Lenny Sokolow, started Union Atlantic, LLC, a venture capital firm. His inability to get the firm listed on vFinance.com, a fledgling matchmaking Web site for venture capitalists and cash-hungry entrepreneurs, led him and Sokolow to purchase the website in 1998, merging it with Union Atlantic.
Mahoney served as chairman and chief operating officer of vFinance, Inc., a financial services company which is located in Boca Raton. vFinance initially grew quickly after buying several other broker-dealer and financial services customers, and during his last year with the company reported revenues in excess of $38 million. Sokolow replaced Mahoney as chairman and COO in 2007.
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