Whitaker abandoned taxpayer-funded project in Iowa in 2016
Source: AP
While in private business, acting Attorney General Matthew Whitaker walked away from a taxpayer-subsidized apartment-rehabilitation project in Iowa after years of cost overruns, delays and other problems, public records show.
The city of Des Moines ultimately yanked an affordable housing loan that Whitaker’s company had been awarded, and another lender began foreclosure proceedings after Whitaker defaulted on a separate loan for nearly $700,000. Several contractors complained they were not paid, and a process server for one contractor could not even find Whitaker or his company to serve him with a lawsuit.
After being appointed last week by President Donald Trump to the nation’s top law enforcement job, Whitaker’s history as a former federal prosecutor, Republican Party loyalist and critic of special counsel Robert Mueller’s investigation has come under scrutiny, as have some of his business dealings.
Whitaker is expected to return to his home state Wednesday to speak at a conference at a downtown Des Moines hotel, about two miles from the Ingersoll Avenue apartment building that he once saw as an investment opportunity. After years of rising costs, Whitaker stopped work on the project by early 2016 and sold the building months later.
Read more: https://www.apnews.com/885a44ac27944976ab1b6738e0c5ba38
I wonder if Whitaker paid taxes on the income from forgiveness of indebtedness under Section 61(a)(12)? It's one of my favorite parts of the Internal Revenue Code--and it's not adequately enforced.
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that would make a great film clip--being served while speaking.
Where do they find these crooks? Well, I guess this guy sought out donnie. Birds of a feather...
