Arthur J. Villasanta – Fourth Estate Contributor
Washington, DC, United States (4E) – Sean Hannity has his personal multi-million greenback actual property empire constructed from properties of poor Americans foreclosed in the course of the Great Recession, and acquired by Hannity on a budget utilizing 20 shell corporations registered in Georgia.
The gorgeous extent of Hannity’s actual property portfolio has by no means earlier than been reported, and explains why Hannity retained Michael Cohen (Donald Trump’s private lawyer and “fixer” now beneath investigation for legal conduct) as his lawyer. Cohen admitted to a federal choose final week that Hannity was one among his solely three purchasers.
The hitherto undisclosed multi-million greenback enterprise by the blatantly pro-Trump Fox News “entertainer” was disclosed by the British newspaper, The Guardian. Government information unearthed by the newspaper hyperlink Hannity to a bunch of shell corporations that spent greater than $90 million to accumulate over 870 properties in seven states over the previous decade. Hannity’s lawyer didn’t dispute that Hannity owns all these 20 corporations however admitted his consumer owned “some” of them.
Hannity purchased the properties by means of his main shell firm, a wealth administration agency referred to as Henssler Financial. The different shell corporations he owned had names that have been variations of this title or that included initials from the names of his youngsters, Patrick and Merri Kelly.
Public information present Hannity’s corporations purchased dozens of properties in Alabama, Florida, Georgia, New York, North Carolina, Texas and Vermont. Hannity’s holdings include luxurious mansions to leases for low-income households. Among essentially the most invaluable are two giant house complexes in Perry and Brunswick, Georgia purchased for $22.7 million in 2014.
The Georgia purchases have been funded with mortgages value $17.9 million Hannity obtained with assist from the Department of Housing and Urban Development (HUD), which insured the loans beneath a program created as a part of the National Housing Act. The loans have been lately elevated by $5 million with renewed help from HUD.
Hannity amassed a considerable a part of his properties with help from HUD, a reality he didn’t disclose when praising HUD secretary Ben Carson on his Fox tv present in 2017.
The Guardian reported that Hannity’s shell corporations purchased dozens of the properties at a reduction in 2013 after banks foreclosed on their earlier house owners for defaulting on mortgages. Before and after that point, Hannity attacked former president Barack Obama for the U.S. foreclosures price. In January 2016, Hannity stated there have been “millions more Americans suffering under this president” partly due to foreclosures.
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