Newt Gingrich’s 2012 presidential campaign is still $4.6 million in debt. Here’s who it owes.


Former House Speaker Newt Gingrich at Trump Tower on November 21, 2016.

Former House Speaker Newt Gingrich at Trump Tower on November 21, 2016. Kevin Hagen/Getty Images

  • Nine years later, Newt Gingrich’s 2012 campaign is $4.6 million in debt.

  • The campaign owes hundreds of thousands of dollars to various groups and people, including himself.

  • The FEC rejected a “debt settlement plan” by the campaign in 2016, and it’s been largely inactive since.

The 2012 presidential campaign for Newt Gingrich – one-time Republican Speaker of the House, and the husband of former US Ambassador to the Vatican Callista Gingrich – still owes $4.6 million to a constellation of vendors for costs racked up during his bid.

Gingrich’s “Newt 2012” committee filed its latest quarterly report with the Federal Election Commission on Monday, as it has every 3 months since 2012. It’s a 46-page document detailing all the different vendors that Gingrich owes, how much he owes them, and for what.

The $4,631,534.55 figure makes Gingrich’s 2012 campaign one of the most indebtedin American history. The campaign’s treasurer, whose name is Taylor Swindle, files the reports every 3 months.

After the FEC rejected a debt settlement plan submitted by the committee in August 2016 – the month after he was vetted to be former President Donald Trump’s vice president – the campaign appears to have largely abandoned any efforts to pay back the hundreds of thousands of dollars it owes to venders for campaign services.

That’s despite Gingrich’s history of raking in money from paid speeches. In the last three months, the campaign spent just $500 on “accounting services.”

Here are 10 of the biggest debts owed by Gingrich’s defunct campaign:

  • $977,322 to Moby Dick Airways for air travel

  • $649,117.54 to Gingrich himself for “travel”

  • $407,620.03 to Patriot Group for security services

  • $287,258 to Mckenna Long and Aldridge for legal fees

  • $210, 541.33 to CMDI for data management

  • $138,600 to Event Strategies, Inc. for event production

  • $127,727.21 to Gordon C. James Public Relations for event planning

  • $122,679.06 to AirPlus for air travel

  • $118,160.45 to Infocision for telemarketing

  • $100,000 to Crimson Hexagon for software license (disputed)

Read the original article on Business Insider



Read More: Newt Gingrich’s 2012 presidential campaign is still $4.6 million in debt. Here’s who it owes.

2021-10-11 21:56:00

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