Texas Democrat House candidate Michelle Vallejo left hundreds of thousands of dollars less on her first financial disclosure report, which lawmakers and candidates are required to file under federal law, Call reported.
According CallVallejo — running against Republican Monica De La Cruz in Texas’ fifteenth congressional district — left more than $200,000 in assets in her first financial disclosure report in February, which she was to affirm as “true, complete and correct to the best of my knowledge”. knowledge and belief. »
Following questions from Call about two contributions of $50,000 each, which she lent to her campaign earlier in 2022, Vallejo amended her report on July 28.
Under federal law – the Ethics in Government Act of 1978 (EIGA) – members, officers, certain employees and candidates are required to file financial disclosure statements with the Clerk of the House of Representatives .
This amended report, filed July 28, lists five assets that were not included in the original filing. The remaining assets are a joint PNC money market account worth between $100,000 and $250,000, and a joint 49% stake in Pugla Los Portales, worth between $100,000 and $250,000. She also left accounts with Capital One and Lone Star National Bank, each valued between $1,000 and $15,000. Additionally, Vallejo did not include a joint 50% stake in Hustle and Socialize LLC, which is valued between $1,000 and $15,000.
This represents a total of between $218,000 and $595,000 in assets. His first deposit only yielded between $15,000 and $50,000 in assets.
The Ethics in Government Act authorizes the Attorney General to seek a civil penalty of up to $50,000 against a person who “knowingly and willfully falsifies or omits to file or report any required information,” according to the House Ethics Committee. Under federal criminal law, anyone who knowingly and willfully falsifies or conceals a material fact in a statement to the government may be fined up to $50,000 and/or imprisoned up to five years.
A Vallejo campaign spokesperson, Kirby Chandler, told the publication, “We are submitting an amended PFS with additional information that was inadvertently left out of the original filing.”
In response to the news, Kedric Payne, a government ethics expert and vice president of the Campaign Legal Center, said candidates like Vallejo are required to disclose their assets so the general public can know about them.
“Sometimes candidates don’t understand the form, but the form makes it clear what the strengths are. The candidate is obligated to tell voters all of their financial interests,” Payne said.
Jacob Bliss is a reporter for Breitbart News. Write to him at firstname.lastname@example.org or follow him on Twitter @JacobMBliss.