Quantcast

Al Sharpton Owes Nearly $1M Debt from 2004 Presidential Campaign

'I am willing to work out a settlement for all claims with my own money to the degree that I’m allowed and will raise money directly...'

Racial hustler Al Sharpton owes nearly a million dollars in campaign debt, 17-years after running unsuccessfully for president in the Democrat primary, reported Fox News.

Sharpton’s original debt of $567,000 has almost doubled after he came to a settlement with the Federal Elections Commission over the unpaid debt.

“Sharpton, his presidential campaign committee, Sharpton 2004, and Andrew Rivera, in his official capacity as treasurer, agreed to pay a civil penalty of $208,000 for failing to report accurately all receipts and expenditures, receiving excessive and prohibited in-kind contributions and accepting impermissible corporate contributions,” according to an April 2009 FEC press release cited by Fox.

...article continued below
- Advertisement -

Sharpton, 66, made a million dollars in 2019 from his own charity and has a contractual relationship with MSNBC, hosting his own show on the network from 2011 to 2015 that has paid him handsomely over the years.

He first came to prominence representing 15-year old Tawana Brawley, who falsely claimed she had been abducted and repeatedly raped by six white men in the late 1980s.

This is not the first time Sharpton’s financial dealings have come under fire.

In 2014, the New York Times reported that Sharpton had over $4.5 million in unpaid state and federal taxes tax liens against him and his for-profit businesses.

...article continued below
- Advertisement -

It’s “the kind of practice by nonprofit groups that the United States Treasury’s inspector general for tax administration recently characterized as ‘abusive,’ or ‘potentially criminal’ if the failure to turn over or collect taxes is willful,” said the Times.

Technically speaking, Sharpton, as the presidential candidate is not responsible for campaign debt. That burden falls to Andrew Rivera, the campaign treasurer, said the New York Post.

Sharpton, however, has said he has a moral obligation to pay the old campaign debts.

“I am willing to work out a settlement for all claims with my own money to the degree that I’m allowed and will raise money directly,” said Sharpton. “Even if I am not legally liable for it, I am certainly morally responsible.”

Copyright 2022. No part of this site may be reproduced in whole or in part in any manner without the permission of the copyright owner. To inquire about licensing content, use the contact form at https://headlineusa.com/advertising.
- Advertisement -
- Advertisement -
- Advertisement -

TRENDING NOW

- Advertisement -
- Advertisement -

- Advertisement -