| Republican David Flippo’s campaign is falling apart at the seams as report after report sheds light on how much of a fraudster he really is.
The latest bombshell reporting from Mother Jones reveals that Flippo was fired from his role at a financial firm over “willful misrepresentations and/or omissions of material fact to establish a client relationship” – an especially notable accusation since the firm “largely serves military families and veterans.”
REMINDER: On top of lying to veterans, Flippo has also appeared to mislead Nevadans about his:
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Mother Jones: New Records Show David Flippo’s Firing as a Financial Adviser Was More Serious Than He Let On
- Previously unreported documents obtained through public records requests provide new detail on Flippo’s 2024 firing by First Command, a company that largely serves military families and veterans.
- They show that Flippo was accused of making “willful misrepresentations and/or omissions of material fact to establish a client relationship using securities that First Command typically does not accept.”
- The company then conducted a surprise office visit, determined that he “violated numerous company policies,” and quickly fired him.
- After reviewing the documents related to Flippo’s firing, Edwards noted that a Central Registration Depository “record containing factual allegations that a broker made material misstatements or omissions when speaking to an investor gives rise to integrity concerns.”
- Flippo’s BrokerCheck page specifies that he was fired in relation to “Bearer Bonds,” a largely obsolete financial instrument that became known for its use in money laundering and other illicit activity.
- Flippo’s campaign has weathered multiple controversies. He was accused of stolen valor after his campaign falsely stated that he earned a Bronze Star with valor while serving as an Air Force officer in Iraq.
- The Reno Gazette-Journal has also reported that Flippo was fired from his role as an Air Force squadron commander in 2008.
- When it comes to his finances, Flippo has failed to file legally required financial disclosures dating back to 2023, when he first ran for Congress. Those disclosures would help to explain how he has reported putting more than $2.5 million of his own money into his past two congressional campaigns, despite having no obvious source of such wealth.
- The closest Flippo has come to officially disclosing his assets was providing an unofficial, handwritten, and unsigned personal financial disclosure form to The Nevada Independent last month.
- According to that document, his largest known asset, valued at between $1 and $5 million, is a dubious land venture called Arizona Land Reserve.
- My reporting has shown that the company, which was co-founded by a man who has been accused of fraud on multiple occasions during prior business dealings, spent heavily in support of Flippo.
- Experts I spoke to have called the company’s development plan “batshit” and say its mention of “constant” 20 percent returns is a “huge red flag.”
- Mark Amodei, the retiring Republican congressman whom Flippo is running to replace, has repeatedly called Flippo a “fraud” in response to the accusations of stolen valor and the mysteries surrounding the candidate’s finances.
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