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BAD NEWS BERNIE: Moreno Owes Ohioans Answers For Involvement In Family Enrichment Scheme

August 2, 2024

Columbus, OH – It has been another terrible week for Bernie Moreno after recent reporting from the Associated Press revealed Moreno is not the “political outsider” he claims to be – rather, he is “heavily invested” in and profited off of a scheme with his brothers that funneled U.S. taxpayer money into banks that financed projects his family oversaw. From “gross[ly] exaggerat[ing]” his “riches-to-rags-to-riches” origin story which he has made the “signature pitch” of his campaign to using his “deep political connections” to enrich himself, Moreno continues to show Ohioans he is only out for himself.

NEED-TO-KNOW THIS WEEK:

  • After Bernie Moreno was exposed for involvement in his family’s enrichment scheme, Moreno owes Ohioans answers about the $1.5 million invested in two of the funds associated with the scheme and other ties to the scheme. 
  • Ohioans are being reminded that Bernie Moreno thinks the Declaration of Independence was signed by…. Abraham Lincoln?

🤑 MORENO FAMILY ENRICHMENT SCHEME: New reporting from the Associated Press this week exposed that Bernie Moreno is “heavily invested” in and profited off of a scheme with his brothers by funneling U.S. taxpayer money into banks that financed projects his family oversaw. Here’s Moreno’s family enrichment scheme explained:

  • Bernie Moreno’s personal financial disclosure shows he is “heavily invested” in a U.S. affiliate of Amarilo, has up to $1.5 million invested in two funds associated with the scheme, and is a “majority owner” of a parcel of land worth up to $5 million with ties to the scheme.

⁉️ MORE QUESTIONS FOR MORENO: Moreno owes Ohioans answers about his family’s enrichment scheme he was involved in to enrich himself while taxpayers pay the price:

1. How much money do you have invested in Amarilo and the two Yellowstone Capital Partners investment funds?

2. Will you make the details of your investments in Amarilo and Yellowstone Capital Partners available for Ohioans to see?

3. Have you profited off of U.S. taxpayer dollars being funneled towards the property you are a “majority owner” of in Costa Rica?

🎩 FOUR SCORE AND HOW MANY YEARS AGO? On the anniversary of the formal signing of the Declaration of Independence, Ohioans are being reminded that Bernie Moreno thinks the Declaration of Independence was signed by…. Abraham Lincoln? Moreno also incorrectly claims George Washington and Alexander Hamilton signed the Declaration. This is not the only time Moreno has made a claim on the campaign trail that “do[es] not withstand historical scrutiny” – from claims of “escap[ing]” socialism that “do not withstand historical scrutiny” to repeatedly claiming that he “learned English from watching Ronald Reagan’s speeches” at five years old despite the fact that the timeline “doesn’t make sense.”

 🗞️ WHAT OHIOANS ARE READING THIS WEEK:

  • Associated Press: “If elected, he would be among the top eight wealthiest senators… Bernie Moreno’s immigrant origin tale [is] a ‘gross exaggeration.’”
  • Ohio Capital Journal: “However, Moreno’s depiction of his family as a poor one is misleading. [Moreno’s family members] were wealthy and politically connected, and while the family lived in straitened circumstances the first years they were in the states, things quickly got better.”
  • Cleveland.com: “[Moreno] comes from a family with deep political connections in both the U.S. and Columbia.”

🐤 TWEET OF THE WEEK:

🎶 CODA: “Those ties [Moreno’s deep political connections], combined with his family’s considerable wealth in their home country, are the backdrop to Moreno’s journey…”

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