Sean Hannity linked to shell companies that spent $90M on property: report

Source: The Hill | April 22, 2018 | Morgan Gstalter

Fox News host Sean Hannity is linked to a group of shell companies that have spent $90 million buying hundreds of homes across the U.S through the help of foreclosures and the US Department of Housing and Urban Development (HUD), the Guardian reported Sunday.

More than 870 homes in seven different states have been purchased over the past decade, ranging from large mansions to rentals for low-income families, according to the newspaper.

For some of the mortgages, Hannity reportedly obtained funding from HUD under the National Housing Act loan program, which was first guaranteed under President Obama’s administration.

Secretary Ben Carson’s department recently increased Hannity’s original $17.9 million mortgage for purchases in Georgia by an additional $5 million, records obtained by the Guardian show.

Hannity did not disclose his cooperation with HUD when he had Carson on his show last June, the Guardian noted.

…….

The shell companies are registered to the offices of Henssler Financial, a wealth management firm. Hannity has had one of the firm’s principals, Bill Lako, appear on his radio show.

Hannity did disclose that he was Henssler’s client and joked that the company took him on as a “charity case.”

…….

Several of Hannity’s properties were bought at a discount after their previous owners defaulted on their mortgages in 2013, the Guardian reported.

Hannity is the hidden owner behind some of these shell companies, a fact his attorney did not dispute in a statement to the newspaper.

Each company uses a variation of the same name mixed with the initials of Hannity’s children.

Properties are located in Alabama, Florida, Georgia, New York, North Carolina, Texas and Vermont, the Guardian reported.

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  • Consistent April 22, 2018 at 10:40 pm #23236

    Consistent April 23, 2018 at 9:30 am #23239

    Consistent April 23, 2018 at 10:08 am #23241


    The criminal investigation against President Trump’s lawyer has revealed that Fox News host Sean Hannity owns millions of dollars worth of real estate across several states.

    According to the Guardian, documents obtained from Trump lawyer Michael Cohen show Hannity has links to several shell companies that bought $90 million on 877 residential properties across seven states.

    “Hannity is the hidden owner behind some of the shell companies and his attorney did not dispute that he owns all of them,” the Guardian reported.

    The Guardian said documents also show Hannity had “support” from the Department of Housing and Urban Development, but didn’t explain what kind of support. But it noted that Hannity praised HUD Secretary Ben Carson on his show in 2017, without disclosing these links.

    ……..

    Cohen’s lawyers revealed in court that Hannity is one of Cohen’s clients, but Hannity has said he never formally retained him, and sought him out informally for advice.

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