Florida Gov. Rick Scott Gets Caught In Major Tax Evasion Scandal
Florida Republican Governor Rick Scott, who won his primary challenge for Senate on Tuesday, has been caught in an international tax evasion scheme.
A report published by The Miami Herald on Monday revealed that Scott has been hiding large sums of money in a Cayman Islands tax haven in an attempt to evade U.S. taxes. After earning $2.9 million from two dozen hedge funds last year, it was discovered that he and his wife have between $25 million and $62 million worth of investments registered in the Cayman Islands.
While Scott’s spokesperson claimed the investments are in a blind trust, the money is being managed by a friend and former associate of Scott.
On top of this finding, Scott refuses to say whether or not he’ll even utilize a blind trust if he wins the Senate seat. All of this took place while Trump and the Republicans falsely promoted their tax scam bill as a way to bring offshore money back to America.
In addition, Scott’s statement shows that he had investments last year in companies that did business with the Maduro regime in Venezuela, after Scott called on state investment fund managers to sever ties with businesses that do business there.
According to the report, the Scotts also held stock in a worldwide shipping firm whose clients included a firm with links to the Vladimir Putin regime in Russia.
As Governor, Scott has been no stranger to scandals, which makes it that much less surprising that Donald Trump is a vocal supporter. Prior to becoming governor, Scott was called “the ultimate Medicare thief” when Columbia/HCA, the company Scott worked for as CEO, was fined $1.7 billion for Medicare fraud.