Before Stacey Abrams ran for governor of Georgia and became a national figure, she served in the Georgia House of Representatives.
Prior to that, she was part of a technology company called Now Corp. with which she maintained a financial interest.
Newly uncovered documents suggest that she may have benefited financially in an unethical way.
FOX News reports:
Stacey Abrams got special treatment in office and even got wealthy on the taxpayer dime
Just three years after it was reported that taxpayers bailed out bad loans made by Stacy Abrams’ financial technology company NOW Corp.(previously NOWaccount), the company that Abrams helped start managed to secure $29 million in new financing from a private equity firm in late 2021.
Interestingly, in 2018 Abrams’ net worth was reported to be just $109,000. However, just as NOW Corp.’s fortunes changed in three years, Abrams reported her net worth increased to $3.17 million during the same period.
While most media reports attribute Abrams’ significant increases in net-worth to speeches and advances for book projects, her investment in Now Corp. has received little attention, even though she still has a financial stake in the company.
What happened with Now Corp. while Abrams was serving as an elected official in the Georgia House of Representatives has been painstakingly pieced together by the Government Accountability Institute, where I serve as a distinguished fellow, through the review of record requests and financial documents.
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Abrams, who is running for Governor of Georgia again and who has openly acknowledged her plan to run for president by 2040, has been somewhat coy about her role in a sweetheart deal her company inked with the State of Georgia in 2013.
Her sudden wealth is a bit curious, isn’t it?
Stacey Abrams says: “I will always work for the people of Georgia.” If she’s working for the “people of Georgia,” how she go from bankrupt to worth tens of millions since turning to politics?
— GreatAmericanMail (@mail_american) April 30, 2022
The liberal media will ignore this but the people won’t.