Government ethics office refused to approve Kanye West’s financial disclosures over failed presidential campaign
- Government ethics office rejected
Kanye westthe financial disclosure of his 2020 presidential race.
- West did not reveal his wife
Kim kardashianWest’s income on the form, which is unusual.
- An ethics watch group says the lack of disclosure is likely the reason the form was not accepted.
The Federal Office of Government Ethics is refusing to approve rapper Kanye West’s financial disclosure forms from his failed 2020 presidential campaign, according to a document obtained by the watchdog group Citizens for Responsibility and Ethics in Washington.
Jordan Libowitz, communications director at CREW, wrote in a blog post on Monday that the agency’s highly unusual move is likely due to West’s failure to fully disclose the income and assets of his wife Kim Kardashian. West, as Insider’s Dave Levinthal also reported in July 2020.
Because there is no law requiring presidential candidates to publish their tax returns, “federal disclosure is the only mandatory financial review of a presidential candidate or president,” he said. Libowitz told Insider. “It is really important from a transparency point of view to know where the money is getting to officials or candidates, as well as knowing that it is correct and complete,” he said.
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Walt Shaub, the former director of the EMB under the Obama and Trump administrations, told Insider in July that candidates are in almost all circumstances required to report their spouses’ income ranges, which could explain the default. agency to certify the disclosure.
On the form, West claimed he was exempt from reporting Kardashian West’s income, citing a law that states federal applicants can dispense with disclosing their spouse’s sources of income if they are unaware of the flow. of income, it is not linked to their own economic activities, and they do not expect to derive any financial benefit from it.
“It wasn’t just that he didn’t report it, but that he used an exemption, and quite rare, to make reports. This said, among other things, that he had no knowledge of what her assets were or where her income came from. And that seems a little hard to believe, “Libowitz told Insider. Kardashian West, whose sources of income include her beauty and fashion businesses KKW Beauty and Skims , his participation in the reality show Keeping up with the Kardashians, and brand mentions, has a net worth valued at $ 1 billion by Forbes. West’s net worth is estimated at $ 1.8 billion per outlet.
“It would be different if he left that field blank, but claiming an exemption he did not qualify for is questionable,” Libowitz said.
The couple married in 2012 and are in the process of divorce. CREW said West submitted the personal financial disclosure four months before Kardashian West filed for divorce.
Libowitz also noted that West failed to disclose the information and assets of three trusts of which he had registered as a trustee on the form.
While the discrepancies may not lead to penalties for West and likely won’t result in prosecution, “this is” a pretty big issue, especially when there are already questions about the money involved in his campaign. “said Libowitz.
West’s pipe-dreaming presidential campaign, which was almost entirely self-funded, struggled to show up at the polls in many states, and many petitions were turned down for high numbers of invalid or fraudulent signatures.
The campaign also had several run-ins with the Federal Election Commission for the submission of disclosure reports containing anomalies and red flags which, according to a Daily Beast report, “include multiple donations from minors, multiple possible contributions from foreign nationals and several false names and addresses. this trace to drop-shipping warehouses on both coasts. ”