Ken Paxton's financial disclosures failed to include rental income and multiple mortgages, potentially violating federal ethics laws.

Texas Attorney General Ken Paxton appears to have violated federal ethics law in significant ways when filing recent disclosures of his assets and liabilities, creating confusion about his net worth and holdings, a review by ProPublica and The Texas Tribune found. Among them: Paxton, the Republican nominee for U.S. Senate, reported owning seven homes but said he earned no income from any. Yet all but one was listed for rent during the reporting periods, and some current residents and neighbors at those addresses confirmed that the properties were rented, the news organizations found. Receiving income and not reporting it is a violation of federal disclosure law, three ethics experts said.  Additionally, Paxton did not disclose mortgages for three condos at a Utah golf resort that federal law requires him to list as liabilities if they are not personal residences.  He also valued his stake in a vacant plot of Texas land at up to $50,000 on last year’s filing, but his business partner told the newsrooms Paxton’s share for years has been worth about $1 million. Federal financial disclosure law requires property to be listed at fair market value. The apparent errors and omissions the newsrooms found obscure the extent of Paxton’s income streams, assets and debt, making it difficult for voters to make sense of his finances as they mull whether to support him in November’s election, the ethics experts said. “It reflects either pure sloppiness on Paxton’s part or a deliberate effort to conceal some of his investments and property holdings,” said Craig Holman, a government affairs lobbyist for the nonpartisan good-government group Public Citizen. https://www.propublica.org/article/ken-paxton-senate-financial-disclosures-ethics-law

NEW: Ken Paxton’s Financial Disclosures Appear to Violate Federal Ethics Law, Experts Say --- The Republican U.S. Senate nominee from Texas appears to have omitted rental income and multiple mortgages from his recent financial disclosures, making it difficult for voters to get the full picture of his wealth. https://www.propublica.org/article/ken-paxton-senate-financial-disclosures-ethics-law?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post #News #Texas #TX #KenPaxton #Law #Ethics #Financial #Transparency #Rent #Mortgages

Texas Attorney General Ken Paxton appears to have violated federal ethics law in significant ways when filing recent disclosures of his assets and liabilities, creating confusion about his net worth and holdings, a review by ProPublica and The Texas Tribune found. Paxton, the Republican nominee for U.S. Senate, reported owning seven homes but said he earned no income from any. Yet all but one was listed for rent during the reporting periods, and some current residents and neighbors at those addresses confirmed that the properties were rented, the news organizations found. Receiving income and not reporting it is a violation of federal disclosure law, three ethics experts said. https://www.propublica.org/article/ken-paxton-senate-financial-disclosures-ethics-law #USA #Texas #paxton #FederalEthics #$$$

Ken Paxton’s Financial Disclosures Appear to Violate Federal Ethics Law, Experts Say https://www.propublica.org/article/ken-paxton-senate-financial-disclosures-ethics-law?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post The Republican U.S. Senate nominee from Texas appears to have omitted rental income and multiple mortgages from his recent financial disclosures, making it difficult for voters to get the full picture of his wealth. --- 47 uses from 47 accounts #toplink