Aaron Schock Sells Home Above Market Value to Political Donor
Now there’s this: the month before the 2012 elections, Congressman Schock sold his house to a major Republican donor who was also one of his campaign supporters for a price that appears to far exceed the market value at the time. Memories of disgraced former GOP Congressman Duke Cunningham (CA) came flooding back into my head as I worked through the documents.
Here’s the background:
Ali Bahaj – then a Vice President at Caterpillar – and his wife Gloria have donated more than $45,000 over the last decade to the Caterpillar PAC and various Republican officeholders – including Congressman Schock. In fact, Federal Election Commission records show that Mr. and Mrs. Bahaj each made the maximum allowable donation to Aaron Schock’s campaign in 2008. These were legal donations and they aren’t the first or last time a Member of Congress received donations from constituents.
In turn, Congressman Schock has carried water repeatedly in Washington, D.C. for Caterpillar, even going on Fox News…
…to defend the company against what he claimed were “outrageous” attacks that “demonize” the company for avoiding $2.4 billion in taxes by shifting profits to a Swiss subsidiary. In fact, just last month, Schock defended the company’s move to lay off workers by blaming the problem on President Obama – a statement that earned him a rebuke from the State Journal-Register in Springfield.
Congressman Schock on October 16, 2012 sold his home to the Bahajs for $925,000. That’s more than three times the tax assessed value of the property. Zillow estimates that the house was worth approximately $695,000 that month.
http://bluenationreview.com/bnr-exclusive-aaron-schock-sells-home-above-market-value-political-donor/
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