VA-05: New Filings Raise Questions About Bob Good's Finances

[RandySF]

New federal paperwork filed by Republican Congressional hopeful Bob Good shows he owned at least $250,000 in assets that have not previously been disclosed in similar state filings.

An amended financial disclosure form filed by Good on Monday shows he owned securities in various retirement accounts worth between $257,000 and $1.8 million as of November 30, 2019. It also showed between $30,000 and $100,000 in student loans to pay for his children’s college education.

None of those assets or debts appeared on a January 8, 2019 Statement of Economic Interest Good submitted to Virginia’s ethics board while serving on the Campbell County Board of Supervisors, or in any of his annual state filings since 2015.

Virginia law requires board of supervisors members to list any securities, debts, business interests, and real estate holdings (aside from a primary residence) valued at more than $5,000. They must also include assets owned by their immediate family. A “knowing violation” of the law can result in misdemeanor charges of up to one year in jail and/or a fine of $2,500, though several legal experts said that Good was unlikely to face any charges.

Good’s annual state disclosures have not noted any assets since 2015, when he listed three mutual funds worth at least $300,000. His campaign did not respond to repeated requests for comment.

The former Liberty University athletics director is locked in a tight race against Democrat Cameron Webb in Virginia’s sprawling 5th Congressional District. They’re vying to replace Rep. Denver Riggleman (R-5th), whom Good unseated in a bitter nominating convention in June.



https://vpm.org/news/articles/17081/new-filings-raise-questions-about-bob-goods-finances

[Eugene]

1. From the Washington Post...

A Va. congressional candidate reported no assets. His amended disclosure shows he holds dozens of stocks.

Among the dozens of stocks now disclosed in Good’s individual retirement account are shares in Abbott Laboratories, a pharmaceutical company, and McKesson, a drug distributor and health-care IT company. The companies benefited from contracts with Campbell County in 2016. Each stock is worth between $1,001 and $15,000, according to the disclosure.

In 2016, Good voted to give Abbott Nutrition, a subsidiary of Abbott Laboratories, a $567,000 corporate subsidy to help fund its expansion and create jobs at a facility in Altavista, Va.

He also voted to give McKesson a contract overseeing the county’s ambulance billing and collection services, allowing the company to retain 4.25 percent of all that it collected. In the same year, Good and the board voted to hike ambulance fees by about 26 percent and to allow garnishing wages from Campbell County residents who did not pay for their ambulance rides.

https://www.washingtonpost.com/local/va-politics/bob-good-stocks-virginia/2020/10/09/741c1456-09b4-11eb-9be6-cf25fb429f1a_story.html