Democratic Congressman Bill Owens has unveiled his fifth television ad of 2012, highlighting Republican Matt Doheny’s record on Wall Street.

Meanwhile Doheny, a Republican businessman who is Owens’s main challenger for the North Country’s 21st District seat in Congress, says the ad “is riddled with unsubstantiated claims that distort Matt Doheny’s record as a protector of American jobs,” a statement from his campaign office said.

“Matt Doheny’s Wall Street background says a lot about what he would do in Congress,” said Owens Campaign Manager James Hannaway. “His record speaks for itself. He would put Wall Street over Main Street every time.”

A transcript of the ad reads:

“The Matt Doheny story - a tale of four islands. Matt Doheny worked here in Manhattan, on Wall Street. He took over vulnerable companies, then fired workers and cut benefits to maximize his profits. Next, he worked for a company that used the Cayman Islands to avoid paying taxes. Then Matt Doheny bought his own two islands and moved here to run for Congress. Matt Doheny gets his islands. America loses jobs.”

The ad can be seen at http://www.billowensforcongress.com/releases/four-islands

“I’m proud of my work in the private sector, turning around troubled companies and helping to protect and create tens of thousands of good American jobs,” said Doheny.

“I left college with $150,000 in outstanding loans. But through hard work and determination, I’ve achieved the American dream. Now I want to provide that same opportunity for people in the north country, Adirondacks and capital region,” Doheny said.