{"id":2335185,"date":"2024-09-01T12:29:00","date_gmt":"2024-09-01T16:29:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/financial-controversies-surround-both-u-s-senate-candidates-in-wisconsin-washington-examiner\/"},"modified":"2024-09-01T12:35:24","modified_gmt":"2024-09-01T16:35:24","slug":"financial-controversies-surround-both-u-s-senate-candidates-in-wisconsin-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/financial-controversies-surround-both-u-s-senate-candidates-in-wisconsin-washington-examiner\/","title":{"rendered":"Financial controversies surround both U.S. Senate candidates in Wisconsin &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffinancial-controversies-surround-both-u-s-senate-candidates-in-wisconsin-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2335185&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>In Wisconsin, both\u200b U.S. Senate candidates, incumbent Democrat Tammy Baldwin and Republican challenger Eric Hovde, are \u2062embroiled in \u2062<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/blm-founder-and-owner-of-multiple-homes-patrisse-cullors-spends-thousands-renovating-her-backyard\/\" title=\"BLM Founder and Owner of Multiple Homes Patrisse Cullors Spends Thousands Renovating Her Backyard\">financial controversies<\/a>, accusing each other \u200bof insufficient fiscal transparency \u200dand denying any conflicts \u2062of interest. Recent\u200b investigations have revealed that both candidates are not fully transparent regarding their financial \u200bsituations. Hovde, who is the CEO of Sunwest Bank in California, has \u200dbeen \u2064linked \u2062to a significant \u200dforeign government deposit of nearly $250,000 \u200dthat occurred in December 2023, around the time\u200c he confirmed his Senate candidacy. Although \u2063there is no evidence connecting this deposit to his political campaign, the Wisconsin Democratic Party has highlighted its timing. Baldwin criticized Hovde,\u200d labeling him a wealthy individual who prioritizes affluent interests over those of everyday Wisconsin residents, stating that her focus remains on supporting working-class citizens.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Financial controversies surround both U.S. Senate candidates in Wisconsin<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1742772\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>(The Center Square) &ndash; Both U.S. Senate candidates from Wisconsin accuse each other of lacking fiscal transparency, and each deny harboring conflicts of interest. But recent investigations show incumbent Democrat Sen. Tammy Baldwin and Republican challenger Eric Hovde are equally opaque about certain financial circumstances.<\/p>\n<div class=\"article-paywall\">\n<p>Hovde is the CEO of California-based Sunwest Bank, and a July report by WCPT820 Radio shows the company received foreign government deposits totaling nearly $250,000 in December 2023.<\/p>\n<p>While there is no evidence that this money is connected to Hovde&rsquo;s political campaign, the Wisconsin Democratic Party continues to emphasize how the deposits coincide with Hovde&rsquo;s confirmation as a Senate candidate.<\/p>\n<p>&ldquo;Eric Hovde is a multi-millionaire California bank owner who has insulted our seniors, our farmers, our moms, and just about everyone else in our great state,&rdquo; Baldwin said in a statement post-primaries. &ldquo;While he runs to put the wealthy and well-connected like himself first, I will always stand up for the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kamala-harris-condemns-d-c-demonstrators-despite-past-encouragement-of-violent-blm-mobs\/\" title=\"Kamala Harris condemns D.C. demonstrators despite past encouragement of violent BLM mobs\">working people<\/a> of Wisconsin.&rdquo;<\/p>\n<p>But Baldwin has also failed to disclose or answer questions about her own financial assets.<\/p>\n<p>A recent investigation reported by the New York Post revealed Baldwin co-owns a $1.3 million Washington, D.C. penthouse condo with her partner, Wall Street private wealth management adviser Maria Brisbane, yet did not include any of their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-14-most-shocking-revelations-in-the-johnny-depp-amber-heard-defamation-trial\/\" title=\"The 14 Most Shocking Revelations In The Johnny Depp, Amber Heard Defamation Trial\">jointly owned assets<\/a> on her financial-disclosure reports.<\/p>\n<p>This also raised concerns about conflict of interest, since Baldwin serves on the Senate Appropriations Committee, making budget decisions related to health and biotechnology industries, which her partner often invests in.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/strong><\/p>\n<p>&ldquo;Tammy&rsquo;s multi-million dollar DC condo was paid for by her partner&rsquo;s work advising &lsquo;ultra-high net worth&rsquo; NY billionaires on how to minimize their taxes,&rdquo; Hovde posted on social media. &ldquo;And we still don&rsquo;t know how many of those clients have cashed in by investing in companies Tammy regulates.&rdquo;<\/p>\n<p>The candidates have agreed to a televised debate Oct. 18 in Madison, played host to by WMTV-TV and aired by The Wisconsin Broadcasters Association.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1742772\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1742772\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial disputes are emerging around both U.S. Senate candidates in Wisconsin (The Center Square) \u2013 The two candidates, incumbent Democrat Sen. Tammy Baldwin and Republican challenger Eric Hovde, are trading accusations of insufficient financial transparency while denying any conflicts of interest. However, recent investigations indicate that both candidates have been less than forthcoming about specific financial matters. Hovde, who is the CEO of Sunwest Bank based in California, was reported by WCPT820 Radio to have received nearly $250,000 in foreign government deposits as of December 2023. Although there is no evidence linking this money to his political campaign, the Wisconsin Democratic Party has highlighted the timing of these deposits with Hovde&#8217;s announcement as a Senate candidate. Baldwin criticized Hovde in a post-primary statement: \u201cEric Hovde is a multi-millionaire California bank owner who has insulted our seniors, farmers, moms\u2014essentially everyone in our great state. While he prioritizes the wealthy and well-connected like himself, I will always advocate for Wisconsin&#8217;s working people.\u201d On her part, Baldwin has also faced scrutiny for not disclosing details about her own financial holdings. A New York Post investigation revealed that she co-owns a $1.3 million penthouse condo in Washington D.C. with her partner Maria Brisbane but failed to report their jointly owned assets on her financial disclosure forms. This situation raises potential conflict-of-interest concerns since Baldwin serves on the Senate Appropriations Committee and makes budget decisions affecting industries where her partner invests frequently. In response to this revelation, Hovde remarked on social media: \u201cTammy\u2019s multi-million dollar DC condo was funded by her partner\u2019s work advising \u2018ultra-high net worth\u2019 billionaires from NY on tax minimization strategies\u2014and we still don\u2019t know how many clients have benefited from investing in companies regulated by Tammy.\u201d Both candidates are set to participate in a televised debate on October 18th in Madison hosted by WMTV-TV and broadcasted by The Wisconsin Broadcasters Association<\/p>\n","protected":false},"author":1,"featured_media":2335186,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/05\/iStock-157308559-1024x683.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[39856,32983,33980,32076,4124],"class_list":["post-2335185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-financial-controversies","tag-political-candidates","tag-u-s-senate","tag-washington-examiner","tag-wisconsin"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/05\/iStock-157308559-1024x683.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2335185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2335185"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2335185\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2335186"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2335185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2335185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2335185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}