When former Sen. Kelly Loeffler was asked on the 2020 campaign trail about the recently purchased private jet she was flying around Georgia, the former CEO and multimillionaire senator defended the expense as saving taxpayer dollars.
Instead of saving taxpayer dollars on public flights, Loeffler was using an expensive private jet and, ultimately, saving money for her husband’s company., and, at best, obscuring the payments—and, at worst, just lying about them. According to Federal Election Commission filings, Loeffler—whose husband Jerry Sprecher chairs the New York Stock Exchange—personally footed around $700,000 for campaign travel expenses in 2020. The campaign reported all of them, correctly, as in-kind donations from the candidate.
Over the course of 2020, the statement says, Sprecher and Loeffler—a former ICE executive herself—paid his company $650,000 to manage and operate the plane. Brendan Fischer, a campaign finance expert at the watchdog group Documented, told The Daily Beast that while the reporting requirements may seem clear, they quickly get murky.
When Sprecher “reimbursed the Company for the full value” of his usage—the $650,000—that too was based on “incremental costs,” the statement says. In other words, separate charges for each flight.“When Loeffler was in the Senate there were some pretty serious questions involving her assets and stock trades at the start of the pandemic,” he pointed out.those trades, which later drew investigations from the Senate, the SEC, and the Justice Department.
Pinkenba This would be a nice story if there were possible consequences. There aren't.
Princess was also buying stocks with insider information. Sleazy actions.
…lying is now a requisite for being in the GOP
Paging Sen Durenberger
Grifters gonna grift. 🤬
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