Mike Johnson's Shady Finances Are Already Coming Back to Bite Him

[Nevilledog]

https://www.thedailybeast.com/mike-johnsons-shady-finances-are-already-coming-back-to-bite-him

No paywall
https://archive.li/xu4O7

When newly minted Republican Speaker of the House Mike Johnson was asked on Fox News last week about why he had never reported having a bank account, Johnson didn’t offer an explanation. Instead, he hammered the point that, as “a man of modest means,” he understood the plight of normal Americans.

“I can relate to everybody else,” Johnson told Fox News Sunday’s Shannon Bream.

“We can relate to every hard-working American family,” the Louisiana Republican continued. “That’s who we are.”

A thorough review of Johnson’s financial situation, however, shows economic circumstances that hardly anyone can relate to—let alone most Americans.
Who Paid for Mike Johnson to Attend Conservative Conference?

The Daily Beast looked at a variety of records related to Johnson’s finances stretching back more than a decade. And that review not only undercuts Johnson’s suggestions of relatability; it also reveals irregularities in his financial disclosures and public statements about his professional life, finances, and biography.

A number of these findings also appear in a new ethics complaint from left-leaning nonprofit and transparency advocacy group End Citizens United. That complaint, which was filed with the House Ethics Committee on Monday, lays out multiple potential violations in Johnson’s financial disclosures, including undisclosed gifts and blind spots in his spouse’s income. The Daily Beast has uncovered other inconsistencies about her income, along with new irregularities regarding the source and timing of Johnson’s own earnings as a lawyer for right-wing causes. He has also filed contradictory financial statements about those earnings.

*snip*

[malaise]

1. Get thee to the greatest page

Won’t be long before this one bites the dust.
These holier than thou MAGAts are mostly incompetent grifters and crooks.

[CaliforniaPeggy]

3. They sure are all that, my dear malaise! Couldn't agree more! ♥ nt

[malaise]

4. All that and then some

😀

[bsiebs]

15. All that and then a whole lot more!

[Cherokee100]

12. The snakes

The snakes, worms and roaches, have all crawled out from under their rocks, with "Benedict donald".

[Walleye]

2. When crooks get the power they crave, they find it only exposes their crimes

[BComplex]

40. That's sure how it happened to bring the world down around trump!

He craved the power and recognition...now he has 91 counts of it!

[Attilatheblond]

5. He certainly side stepped the question about his seeming lack of bank accounts

He seems like another poly razzmatazz shyster, just more disciplined than some of the rest of the shady characters in the GOP

[machoneman]

32. No, it was and remains incredibly dumb not to have any financial transparency. No bank accounts...

..checking accounts, cash on hand, retirement savings (before gov't service) and more. Idiot should have leaked out even some data long ago. This may get him indicted.

[prodigitalson]

35. I'm just like the average American...with no bank account

[erronis]

6. He gives about as much sh!t as the rest of the (r)epuglicons

He doesn't care if his finances make the front/back pages of the NYT.

He has been planted and has plenty of funding from under tables and non-traceable accounts.

He will pretend to dither left/right/up/down but doesn't really care.

He's in the pockets of those who want to cripple this country, especially with a competent president in office.

This stinks as usual. They just keep pulling the same crap and get away with it. Until a magic solution is produced for a few months. Then they'll pull the crap again. No penalties. Kochs/Mercers/Putins/etc. will keep printing bucks to keep them able to buy their drugs/medications/sex.

[vankuria]

21. Makes me wonder

If those pulling the GOP strings have big plans for MAGA Mike, like putting him up for future presidential run? He’s certainly got the MAGA credentials, bible thumper, shady finances, anti everything, etc.

[sarcasmo]

7. No checking account Mike.

[mcar]

8. Another RW grifter and liar

People on the right are so damn gullible.

[BOSSHOG]

10. Sure are

Louisiana, Johnsons state just elected Jeff Landry to be their next governor. You have to be pretty damned gullible with no need for a library to vote for Jeff Landry.

[Skittles]

9. if you could RELATE TO EVERYONE ELSE

YOU WOULDN'T BE A FUCKING REPUPLICAN

[live love laugh]

11. Their sloppiness will be their downfall. And I'm all for it.

[calimary]

28. I have only one question:

How can I help?

[Basic LA]

13. He sidestepped the question

Does he operate only with cash? Post Office money orders? Something's fishy.

[Demovictory9]

24. Cash under the mattress

[Think. Again.]

14. .

[tosh]

16. It's the rethuglican way.

Perfectly normal.

[EnergizedLib]

17. I don't think I can relate to Speaker Ayatollah

Can any of you?

[caballojm]

18. Is there any Republican who's not totally corrupt?

I know; stupid question.

[paleotn]

19. Jebus Johnson is anything but modest.

Just another bible thumping scum bag.

[progressoid]

20. Time for the IRS to do a little digging.

[70sEraVet]

31. The House Republicans are already trying to divert funds from IRS

The IRS can't go after high-rolling tax cheats without increased funding.
Anyone want to guess why Repubs are trying to derail that funding?

[eggplant]

22. Ruh Roh!

[Demovictory9]

23. Shady with financed yet super judgemental about others marriage sex life

[ecstatic]

25. Hard working American families have bank accounts, no?

Or am I the one who is out of touch?

[Bludogdem]

26. He has a checking account

As long as it isn’t an interest bearing account it isn’t required to be reported.

4. Do I need to report my checking account?

You need to report an interest-bearing checking account in the same manner that you would report other cash accounts.

https://www.oge.gov/Web/278eGuide.nsf/Content/FAQs~FAQs:+Cash+Account

[Deminpenn]

29. The Federal government no longer issues paper checks

and hasn't for 20+ years. Everything is done by EFT now. You have to have a bank account in order to get paid.

[JT45242]

30. I thought there was also a minimum average balance

Read elsewhere thatt non interest bearing accounts with average daily balance over $5k have to be reported.

Somehow doubt that he doesn't have a checking account with at least that much in it.

[ecstatic]

33. Odd rule. The only non-interest bearing account I've had was a free business account

Yes, it is possible to have a non-interest bearing account, but what stretches belief is the idea that all of his accounts are non-interest bearing. Especially someone of his means. Even the most basic free accounts earn a few pennies per year.

Magamike is lying and someone needs to figure out why.

If he fails to fund the government, throw the fucking book at him because he's a traitor who won't be affected because his bank accounts are likely offshore or something.

Also, the loophole that he's hiding behind needs to be removed. There's no telling who owns this guy.

[PTL_Mancuso]

34. So he's getting his $15K/month salary in cash???

That'd be a wad of 150 hundred-dollar bills!

What am I missing here?

[redqueen]

38. Here's the whole thing for reference.

FAQs: Cash Account

1. I have several cash accounts at a local bank. How should they be listed in my report?

Aggregate any cash accounts you have in a single financial institution and report them in Part 6 if they exceed $5,000. For example, if you have $2,000 in a money market account, $3,500 in a savings account, and a $5,000 certificate of deposit in Commerce Bank, identify the assets as “U.S. bank (cash)” in Part 6. Select a category of value for the aggregate value of the accounts. In the example above, the aggregate value is $10,500, so you would select the “$1,001 - $15,000” category. You would also select a category of value for the amount of interest income received during the reporting period.

2. What is the difference between a money market account and a money market fund?

A money market account is treated as a cash account for filing purposes. A money market fund is a type of mutual fund (see the “Money Market Fund” entry).

3. How do I report a sweep account?

Report the sweep account as “U.S. brokerage account (cash).”

4. Do I need to report my checking account?

You need to report an interest-bearing checking account in the same manner that you would report other cash accounts.

5. I have physical holdings of cash in a safe deposit box. Do I report that?

You do not have to report currency held in the form of paper currency or coins, unless the currency is held for investment or the production of income (e.g., a collection of antique currency from which sales are made).

[Kid Berwyn]

27. Miserable, Demented Weasel

MAGA Grand Dragon horse shit level

[republianmushroom]

36. Republican accountability !

[Permanut]

37. I think it's okay..

There's no evidence that Jesus had a checking account.

[Marcuse]

39. Search his house. Perhaps he's off the grid like Menendez.

?

[Martin68]

41. Business as usual for lying, cheating Republicans. But that's redundant, isn't it.