Sunday, February 21, 2016

Where Is Trey Hollingsworth's Financial Disclosure Statement?


Trey Hollingsworth is self-financing his campaign as a candidate for the 9th District congressional seat to replace U.S. Rep. Todd Young, who is seeking the Republican nomination for Senate this year to fill the seat currently held by Sen. Dan Coats. Hollingsworth did not become a resident of the 9th District until he registered to vote in Jeffersonville last fall. He's a Tennessee native, born and raised in Clinton, Tennessee where his father, Joe Hollingsworth, is a multi-millionaire businessman and founder and owner of The Hollingsworth Companies.

According to his initial filing with the Federal Election Commission, Hollingsworth donated $91,077 to his own campaign and loaned it an additional $594,500. That combined amount of $685,578 he's either contributed or loaned to his campaign represented all but $8,400 of his reported contributions. All but one of the five individual contributors to his campaign were from out-of-state, including three from his home state of Tennessee and one from Texas.

All candidates for Congress are required to file with the Clerk of the U.S. House of Representatives a financial disclosure statement listing a candidate's debts, assets, sources of income and potential conflicts of interests. Those reports are due within thirty (30) days of the candidate launching his or her campaign; however, a candidate can request an extension of up to 90 days to file the report. Hollingsworth's original filing deadline was November 20, 2015. He requested a 90-day extension to file his report, which made it due on February 18, 2016. According to the publicly-accessible database at the House Clerk's website, Hollingsworth has not filed his report.

Perhaps this is an oversight. Hollingsworth can still file the report if he pays a late filing fee of $200. The Ethics in Government Act permits fines of up to $11,000 to be imposed on individuals who fail to file required reports. Given Hollingsworth's recent arrival in Indiana, this should be of some concern to 9th District voters. Hollingsworth's father is obviously an independently wealthy man, but we know very little about the 32-year old Trey Hollingsworth.

Hollingsworth's website says he started Hollingsworth Capital Partners, a company based in Clinton, Tennessee that rehabilitates warehouses and manufacturing sites in Indiana and across the country. HCP operates Alexin, LLC, an aluminium re-manufacturing plant in Bluffton that employs about a hundred workers. He may well be a very successful businessman, but it's rather disturbing that someone can just move into the state a few months before an election and buy a seat representing Hoosiers in Congress. Hollingsworth has several opponents in the May primary election, including State Sen. Erin Houchin, State Sen. Brent Waltz and Attorney General Greg Zoeller. Who encouraged Hollingsworth to move his residency to Indiana and jump into this congressional race?
Trey Hollingsworth (left) with his sister Nicci and his father, Joe

Advance Indiana isn't just singling out Hollingsworth in this race. We previously told you about how Attorney General Greg Zoeller's financial disclosure statement omitted key information. Zoeller quickly filed an amended report within days of our initial report. We also discussed Houchin's and Waltz's disclosure statements, which by all appearances were transparent. Once upon a time, the Indiana mainstream media was much more vigilant in holding a candidate's feet to the fire on such matters. Once a Gannett newspaper becomes the leading media source in the state, such matters tend to go unreported.

10 comments:

Anonymous said...

What does he have in common with Todd Young?

Gary R. Welsh said...

Todd was a recent transplant to the 9th District from Carmel, but at least he grew up in Indiana and that's where his family has always lived.

Brian Alvey said...

This rich kid "carpet-bagger" with cash in his pocket from Tennessee has decided to run for congress in Indiana... Seriously? Did you get lost? I guess he believes Hoosiers are stupid and can't figure this "geographical oddity" out? Hell, I've got more time in Afghanistan than he has "visiting" Indiana so maybe I should run for office in Afghanistan. And maybe he should just go on back home to Tennessee and stay there.

Pete Boggs said...

This is undoubtedly a "brilliant" establishment plan, to position the Tennessean to run for Mayor of Indianapolis...

LamLawIndy said...

Well, it appears that all the other 9th District GOP candidates found nothing untoward about his Indiana residency inasmuch as no challenges were filed regarding the same. Of course, in 2012 our two US Senators were arguably a Virginian and a North Carolinian...

Duke Snyder said...

Always refreshing seeing people with their guard up on such things as this.

Anonymous said...

Why doen't the republicans hold a big "Welcome to Indiana" party for Mr. Hollingsworth?

Anonymous said...

Thinking about it a bit it occurs to me that the importing of hand picked people is not only a Democrat trick but one the Republicans have attempted as well. Sometimes with success. The purchase of a congressional seat in Indiana used to be quite inexpensive, since, being red required realistically, only the winning of a primary election. I'd suggest that tapping local grown folks with roots in their community don't satisfy the Establishment, for, having roots means that they are less controllable. Why? Well in a community there are particular interests and they fill the frame of view over that of someone pushing a "general" interest, e.g. global usury. In a community very often people are upset about something immediate to them and so, responding to the here and now takes precedence over some future problem (thus pensions tend to be underfunded). Communities also foster the cults, that is, the culture which often sets the moral tone or gives the exemplars of virtue...whereas the Establishment much prefers the immediate gratification of sin. So, bring in the hookers, bring in the clowns, pay them to look like the real thing. See also, south bend mayor.

Anonymous said...

His website says he's brings "conservative, Christian values." Whatever that means. I'm sick of politicians using religion in their campaigns. Nothing but a bunch of mumbo-jumbo crap.

Anonymous said...

I am so shocked as to how you guys feel. Oh wait you are just believing whatever you are told and have absolutely no facts. This young man wants to actually make a difference rather than just be another person in office. Name one thing the other republican candidates have done? This is exactly why our country is headed in the direction they are..... Next time check your facts because I have had multiple conversations with Trey and I understand why he moved here and the difference he wants to make. Why does it matter so much where he started out? What is Indiana the only place a congressional candidate can be born in to represent their state? I mean come on! I am sick of the current politicians or individuals who say they will make a change and don't.