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Mike Peer

Governor Scott worth over 200 million dollars

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Democrats say Governor's hiding personal wealth

 

TALLAHASSEE, Fla. (CAPITOL NEWS SERVICE) - Governor Rick Scott is the wealthiest Florida governor in modern history, with more than $218 million in the bank when he qualified to run for governor in June of 2010.

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(Photo Credit: Shealah Craighead / MGN)

With Governor Scott confirming a run for U.S. Senate, some Democrats are claiming the Governor has hidden much of his wealth In a blind trust under his wife's name.

Democrats wasted little time attacking Governor Scott, releasing a website titled "Self Serving Scott" along with a wave of political ads ahead of his Monday morning announcement for U.S. Senate.

The ads call into question Scott's net worth, which according to his latest financial disclosure put him at just shy of $150 million.

Governor Scott is currently in the midst of a legal dispute, which seeks to see how much money is in his wife's blind trust.

"The Governor admits that he controls and is the beneficial owner of assets that he's not disclosing," said Attorney Don Hinkle.

Democrats have raised questions regarding whether Scott has used the blind trusts to hide potential profits earned since taking office.

"This blind trust is nothing but a sham so he could personally profit while he was in public office," said Former Leon County Supervisor of Elections Ion Sancho.

Under Florida law, Governor Scott wasn't required to release the information while governor, but candidates for federal office are required to disclose their spouse's finances.

Now that Scott has announced he's running for Senate, he has 30 days to disclose his wife's finances, but he could ask for an extension of up to 90 days.

"He does not want to make these disclosures or he wants to delay them as long as possible into the election process," said Hinkle.

Florida Democrats have posted a timer on their website, keeping track of how long it takes Governor Scott to disclose his assets since announcing his bid for U.S. Senate.

Governor Scott will also have to make changes to his personal blind trust if he takes federal office. It's currently managed by former business partners but would have to be handed over to the care of someone not known to him personally in the event he wins.

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