APOLOGIES TO SEAN HANNITY…..
His real estate investments are philanthropic; he has no personal involvement with, nor any specific knowledge of any of the specific real estate investments; he has no personal knowledge of , or any contact with anyone at HUD relating to any of these investments- nor on any other matter
TV host Sean Hannity has been building a real estate empire in the background over the course of time and apparently that's why he sought advice from President Trump's lawyer Michael Cohen.
According to The Wrap:
On Sunday evening, The Guardian revealed that the Fox News host is also a real estate baron, with roughly 870 properties linked to him across the United States. According to the paper, Hannity amassed the properties over the last decade with a series of shell companies that dropped nearly $90 million on the purchases.
Some proceeded to attack Sean Hannity's real estate venture, claiming that he had conflicts of interest and failed to report them when interviewing guests on his program.
Hannity responded with the following statement on his website:
It is ironic that I am being attacked for investing my personal money in communities that badly need such investment and in which, I am sure, those attacking me have not invested their money. The fact is, these are investments that I do not individually select, control, or know the details about; except that obviously I believe in putting my money to work in communities that otherwise struggle to receive such support.
I have never discussed with anybody at HUD the original loans that were obtained in the Obama years, nor the subsequent refinance of such loans, as they are a private matter. I had no role in, or responsibility for, any HUD involvement in any of these investments. I can say that every rigorous process and strict standard of improvement requirements were followed; all were met, fulfilled and inspected.
The LLC’s are REAL companies that spend real investment money on real properties.