🚨 NEW: David Flippo’s Largest Asset Resembles “A Scam,” Other Asset May Not Exist, And Listed Campaign Donor Says They Never Donated 🚨

One company listed in the document promotes investment returns that are  “likely a scam” and is co-founded by an alleged conman, while another doesn’t seem to exist at all per corporate registrations.

Flippo even failed to sign the documents he gave to the press – perhaps because doing so while reporting false information would be “under penalty of potential civil and criminal sanction.” Flippo has still failed to provide an official financial disclosure report to the House of Representatives.

Mother Jones also found further evidence of a potential “straw donor” scheme, “one of the most serious violations in campaign finance law, and one that can potentially result in criminal penalties.” One of Flippo’s supposed major donors told Mother Jones they’ve never donated to his campaign.

READ THE BOMBSHELL REPORTING FOR YOURSELF…

Mother Jones: David Flippo Has Close Ties to Accused Fraudster Whose Company Spent Lavishly on His Behalf

• [Arizona Land Reserve] was listed as an asset on a hastily drafted and long overdue financial disclosure for Nevada Republican David Flippo.
• The company has filed with the Securities and Exchange Commission to market $20 million in securities, and its promotion of consistent double-digit investment returns resembles the SEC’s depiction of investments that are “likely a scam.”
• McDowell, its co-founder, has a record of corporate bankruptcies, business failures, and bad debts. Court records show he has been accused of fraud on multiple occasions. In one case, he and his business partners were accused of operating a “pyramid promotional scheme.” 
• The retired career Air Force lieutenant colonel does not appear to have the financial means to bankroll his political operation.
• [Flippo] was fired from a previous job because he allegedly “violated numerous company policies and regulatory regulations related to electronic communications, books and records.”
• Mark Amodei, who is retiring from the seat Flippo hopes to win, called him a “fraud.”
• Fischer added that “there are serious questions about the valuation of some of his biggest assets, and the other numbers really don’t add up to somebody who has $1.6 million in extra cash to put into a congressional run.”
• Flippo listed two other major assets on his disclosure, both valued at between $1 and $5 million, comprising much of his net worth. One is called America First Home Mortgage. The other Flippo reported as “AZ Land Reserve PPM Meadview AZ.” According to the form, neither of these investments produced any income.  
• But a nationwide search of corporate registrations shows no record of an active company in the United States called America First Home Mortgage. The CEO of a similarly named Las Vegas company, America First Mortgage, told me his company has no affiliation with Flippo. He also knows of no business that goes by that name.
• One person listed in FEC records as a major donor to Flippo’s campaigns told me they had not donated anything to Flippo, let alone the thousands of dollars attributed to them. Fischer said that “suggests very serious campaign finance violations.”
• “Making a donation in the name of another person is a clear violation of the law,” he explained. “It’s a violation of the straw donor ban, which is one of the most serious violations in campaign finance law, and one that can potentially result in criminal penalties.”
• “All successfully filed records are posted on the Clerk’s website,” Ben Kelley, a spokesperson for the House Clerk’s office, said. No records for Flippo have been posted on that website.
• Among the oddities in the Flippo disclosure document provided to the media, Fischer noted, was that a few pages were missing. That includes the page where the candidate must sign the document, under penalty of potential civil and criminal sanctions, and attest that its contents are “true, complete, and correct.”

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