Gingrich Delays Release of Financial Disclosure

Friday, 10 Jun 2011 06:38 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

June 10 (Bloomberg) -- Former House Speaker Newt Gingrich, whose presidential campaign was thrown into disarray yesterday after the resignations of his top aides, has sought and received an extension from the Federal Election Commission to file his personal financial disclosure form.

The revelations included in the disclosure report are expected to include Gingrich’s personal income and the status of a line of credit of as much as $500,000 at Tiffany & Co., the New York-based jewelry store.

The report also may shed light on income the former speaker earns from the mix of private endeavors he established since leaving Congress in 1999.

Gingrich, 67, who formally announced his candidacy May 11, received a 45-day extension for filing his disclosure to July 25 from the original deadline of June 10, according to an FEC letter. His lawyer, Stefan Passantino, cited the need to “afford the candidate sufficient time to ensure complete accuracy of the resulting filing.”

In addition to his lucrative speaking engagements, the former Georgia congressman has built several businesses based on his own profile, reputation for provocative thinking and penchant for diving deep into policy issues.

His company, Gingrich Productions, produces documentaries and books. In 2003, he founded the Center for Health Transformation, which explores proposals to overhaul health care. His American Solutions for Winning the Future is dedicated to training the next generation of Republican leaders.

‘Moral Leadership’

Gingrich also founded Americano, an organization used to reach out to conservative Hispanics, and Renewing American Leadership, a nonprofit group with a goal to foster “moral leadership” in America. He has written 23 books, according to his campaign website.

The mix of for-profit and non-profit organizations, with varying disclosure requirements, has shrouded the amount of money Gingrich earns from his projects. The complexity of his enterprises and the time needed to legally separate from them to run for president was the primary reason cited by then-spokesman Rick Tyler for Gingrich’s decision in March to postpone his announcement that he would run.

Finishing the disclosure paperwork must compete with a new set of priorities prompted by the resignations of more than a dozen top aides yesterday. Several aides and Gingrich cited differences over campaign strategy as the reason for the split.

He also lost his national co-chairman, former Georgia Governor Sonny Perdue, who endorsed former Minnesota Governor Tim Pawlenty.

Gingrich said he would remain in the race and is scheduled to join a Republican presidential debate on June 13 in New Hampshire.

The staff resignations were the latest calamity for the Gingrich campaign. In May, he was criticized by Republican lawmakers and commentators after he described the House Republicans’ plan to privatize traditional Medicare as “right-wing social engineering” during an appearance on “Meet the Press.”


© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved