Newt Gingrich owed six figures to Tiffany's

[WestVirginiaRebel]

Politico:

Newt Gingrich, a fiscal conservative? Not when it comes to Tiffany’s.

In 2005 and 2006, the former House speaker turned presidential candidate carried as much as $500,000 in debt to the premier jewelry company, according to financial disclosures filed with the Clerk of the House of Representatives.

Gingrich, who represented Georgia in Congress for two decades, retired in 1999. But his wife, Callista Gingrich, was employed by the House Agriculture Committee until 2007, according to public records. She listed a “revolving charge account” at Tiffany and Company in the liability section of her personal financial disclosure form for two consecutive years and indicated that it was her spouse’s debt. The liability was reported in the range of $250,001 to $500,000.

When asked by POLITICO whether Gingrich has settled this debt, and why he owed between a quarter-million and a half-million dollars to a jeweler, Rick Tyler, Gingrich’s spokesman, declined to comment.

“No comment,” he said in an email.

An Ethics Committee manual that details disclosure rules explains that a “revolving charge account” is a credit card, and the debt must only be reported if “the balance on that card exceeded $10,000.”

“You must list an account only if you owed more than $10,000 on that particular account at the end of the reporting period,” the manual reads.
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Diamonds are a politician's best friend...

[Pepper]

SrWoodChuck!

 

"When asked why he owed between a quarter-million and a half-million dollars to a jeweler,"

 

From lengthy research I understand it is because you buy baubles for a bimbo or your main squeeze. Jewelers don't give that stuff away.

[AceRimmer]

SrWoodChuck!

 

"When asked why he owed between a quarter-million and a half-million dollars to a jeweler,"

 

From lengthy research I understand it is because you buy baubles for a bimbo or your main squeeze. Jewelers don't give that stuff away.

 

The sharks are smelling blood in the water, and they're starting to circle Newt from the Left and the Right...