INVESTMENT PROPERTY: House purchased by James Lee Witt's Kanza. LLC. It was such a secret deal, it ran in Arkansas Business.
The GOP oppo research team that went after a four-year-old child of Democratic House candidate Clarke Tucker
and didn't know the name of the state's economic development director
has now made 4th District Democratic congressional candidate James Lee Witt
a target of its blunderbuss.
The GOP suggests former FEMA director Witt is some sort of stealthy and unethical real estate baron. Evidence: a property purchase that was so secretive
("he tried to hide it from 4th District voters," the GOP claimed) it was published recently in Arkansas Business
. That's undoubtedly where the GOP got the hot tip in the first place because Republicans moles have been trying to stir it up ever since its publication.
The GOP crack research team, headed by estate cheat/unethical lawyer Doyle Webb,
the GOP chair, said it had filed an ethics complaint against Witt for failure to disclose the Little Rock real estate investment on the candidate financial disclosure form he filed for the period ending April 30. The form was filed, after an extension, in early August. It's extensive, full of property owned by a successful businessman. It doesn't appear at first blush as the sort of detailed list you'd expect from somebody trying to hide something.
Here's Witt's financial form.
The form did not include his investment, through Kanza LLC
, in a home on Bretagne Circle in Chenal Valley that he purchased for $850,000. Oh, small point: He bought the home June 2. That was AFTER the period the report covered, from Jan. 1, 2013 through April 30 of this year. His campaign said, after the GOP started complaining, that they'd amend the financial statement and add the investment. A spokesman for Witt, who lives on a farm in Yell County, said by the way that Witt saw the Little Rock purchase as an investment opportunity. He borrowed $680,000 in a five-year loan to cover part of the purchase. The house previously had been linked to $1.1 million in mortgages. Oh, and if the GOP complaint is a failure to report Kanza on the House form, it had no assets until the house was purchased, the Witt campaign said.
The Kanza LLC that Witt leads wasn't formed until April 25, according to secretary of state records. The GOP should have asked that good Republican, North Little Rock lawyer Sam Hilburn
, about it. He is the registered agent. If the GOP can't trust a man appointed by Mike Huckabee to the UA Board of Trustees for straight info, who can they trust?
Looks to me like another bag of hot air from the GOP hit squad.
Here's the GOP complaint.
The GOP wouldn't provide it to me, but Witt did, which tells you who's secretive and fearful of their tissue of misdirection being exposed. The letter shows the assets all came after the filing period. It shows as evidence of the secretive Witt that the GOP was working from a newspaper article and abundant public documents. What a hit!