Gavin Newsom’s $3.7 Million Estate Was Gifted to Him in 2019
Nice deal. Big wealth builder.
(From RedState)
If the $3.7 million used to purchase the home came from another source — donors, friends, or whomever — then Gavin and Jennifer Newsom were “gifted” the home, received $2,695,000 cash tax-free by borrowing on it and retained title to the home, that looks a lot like money laundering and/or concealing donations or improper gifts. Since it’s on record that he failed to report two “loans” Gordon Getty gave him, totaling $2.1 million, to purchase luxury real estate in the early 2000s, it’s not exactly against type for him to take money from benefactors then “mistakenly” omit that funding from financial disclosure records.
http://www.againstcronycapitalism.org/
Source: https://www.ac2news.com/2020/07/gavin-newsoms-3-7-million-estate-was-gifted-to-him-in-2019/
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