Trump-Backed JR Majewski Reveals His Personal Finances After Ignoring Disclosure Law

  • JR Majewski is the Republican Occasion candidate in Ohio’s ninth District Congressional race, one of the crucial aggressive within the nation.
  • Majewski didn’t disclose his private funds for months as required by federal regulation.
  • You filed your required disclosures three days later knowledgeable insider info on the matter.

Republican Congressional candidate JR Majewski — a QAnon conspiracy principle promoter former President Donald Trump endorsed in Ohio extremely aggressive Ward 9: Revealed two and a half years of non-public monetary exercise after Insider on August 5 revealed that he was violating a federal regulation.

The disclosures, despatched to the US Home of Representatives on August 8, point out that Majewski and his spouse have as much as $750,000 in private debt, unfold throughout house, house enchancment, auto and pupil loans.

That compares with $80,000 to $200,000 in reported belongings, all in financial savings, checking and retirement accounts, and never together with the worth of Majewski’s house, which he’s not required to report. He doesn’t personal particular person shares, based on his disclosures.

Majewski’s disclosures, which cowl exercise from January 1, 2020 to the current, don’t point out that he has purchased, offered or owned cryptocurrencies.

However Majewski tweeted in January 2021 that he “simply purchased 25,000 shares of $DOGE.” And he added, “Why not? … Obtain the Robinhood app, deposit some cash and purchase the DOGE coin.”

Later that day, Majewski tweeted that he was “already up $81.00”, then “$111”, then “$179”.

Federal candidates and members of Congress are required by regulation to report cryptocurrencies like they do shares and money belongings, below federal disclosure guidelines.

Majewski additionally disclosed that he withdrew $73,330 this 12 months from his 401k retirement plan at Holtec Worldwide, an vitality providers firm that focuses on nuclear energy. In December, Majewski personally lent his marketing campaign $50,000, based on the Federal Election Fee. information.

Majewski reported incomes $52,049 from his job at Holtec Worldwide this 12 months.

Federal regulation requires all candidates for Congress to file an authorized monetary assertion with the U.S. Home of Representatives shortly after elevating or spending $5,000 in marketing campaign money, based on home ethics tips Y federal regulation.

However Majewski, who has been operating for Congress from February 25, 2021, you exceeded this threshold someday earlier than June 30, 2021, based on FEC registers.

A candidate for Congress who “knowingly and willfully falsifies a press release or fails to file a press release” revealing private funds could also be topic to investigation by the Division of Justice.

Whereas such investigations are uncommon, the utmost civil penalty for such a criminal offense is $66,190 whereas the utmost legal sanction is one 12 months in federal jail plus a high quality of as much as the identical quantity, in accordance with the Federal Ethics in Authorities Act.

Majewski’s representatives didn’t instantly reply to questions Wednesday from Insider.

Earlier than Insider’s launch August 5 articleJR Majewski for Congressional marketing campaign treasurer Sean Tarnowski declined to remark. Majewski’s spokeswoman, Melissa Pelletier, didn’t reply to a number of telephone and e mail messages after saying by telephone that she “would do every part attainable” to reply a collection of emailed questions.

President Joe Biden speaks with Democratic Rep. Marcy Kaptur of Ohio as he arrives at Cleveland Hopkins Worldwide Airport in Cleveland, Ohio on Could 27, 2021. Kaptur is now operating for re-election in opposition to Republican JR Majewski.

Attempting to unseat a 20-term incumbent

Capitalism, small authorities and financial restraint are marketing campaign points for Majewski, who’s difficult incumbent Democratic Rep. Marcy Kaptur in one of many nation’s true Home races, the place no clear favourite has emerged.

Majewski listed “honesty,” “integrity” and “skill to speak” among the many most essential traits or ideas for an elected official, based on Ballotpedia. candidate survey.

“I need to protect the wealth I’ve earned up to now and the wealth of my family and friends in OH09. I imagine 100% in smaller authorities and financial accountability,” he stated. tweeted On March 10.

“Convey again fiscal conservatism,” he stated. tweeted on Could 28.

Till now, Majewski has not offered an in depth, licensed public accounting of the place he earned his cash and whether or not he had any money owed.

In 2020, Majewski, responding to a query about charitable donations, saying a fellow tweeter: “You haven’t any concept what I do with the cash I make. It is NOYB”, none of your enterprise.

Majewski’s late monetary submitting follows Insider’s publish”Congress in battle” venture, which discovered that 67 members of Congress and a minimum of 182 senior Congress attendees in latest months they’ve violated the federal Cease Buying and selling on Congressional Data Act of 2012 with late or lacking monetary disclosures.

The investigation additionally recognized dozens of lawmakers whose private inventory trades are inconsistent with their public obligations, corresponding to members who make anti-smoking coverage however put money into tobacco giants and others who obtain reward from environmental teams for crafting insurance policies aimed toward combating the local weather disaster, however put money into fossil gasoline corporations.

Quite a few members of Congress maintain protection contractor inventory at a time when the Home and Senate are voting on a whole lot of billions of {dollars} in navy spending, together with emergency assist to Ukraine in help of its struggle effort in opposition to Russia. .

Congress is now actively debating whether or not to ban federal lawmakers, their spouses and prime congressional staffers from buying and selling particular person shares, although a vote on a invoice enacting such a ban has not but been scheduled.

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