Michael Cohen case shines light on Sean Hannity's real estate empire
23 April, 2018, 21:49 | Author: Carmen Reese
The cable news titan is linked through the records to a number of shell, limited liability companies that spent at least $90 million on more than 870 properties spread over seven states during the past decade.
Fox News Media Relations Senior Manager sent NCRM an email in response to an article we published on the Hannity housing fiasco. At the request of US District Judge Kimba Wood last Monday, Cohen's attorneys disclosed in court that Hannity was the third client of Cohen's from the past year. For some mortgages, Hannity obtained funding from HUD under the National Housing Act Loan Program, which refers to encouraging improvement in housing standards and conditions, to provide a system of mutual mortgage insurance which was first guaranteed under former President Barack Obama's administration.
Hannity did not disclose his cooperation with HUD when he had Carson on his show last June, the Guardian noted. Many were in low-income neighborhoods, which Hannity's companies purchased out of foreclosure. Dozens were purchased at a discount in 2013 after banks foreclosed on previous owners amid the financial crisis.
The article appeared to be making a case out of the fact that Hannity's loan guarantees from 2014 were not revealed in an interview a year ago with HUD Secretary Ben Carson, despite the original date falling under the Obama administration.
Hannity's real estate attorney Christopher Reeve said his client's property holdings were "highly confidential" and not relevant to the public.
The report by JON SWAINE alleges that HANNITY holds the properties in over 20 shell companies, all named with a variant of a name based on the initials of HANNITY's children.
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