Federal election complaint accuses Republican of Naples Casey askar to illegally direct a loan to his campaign. Askar’s campaign said the accusations were false.
Stan Carter, of St. James City, said in a complaint to the Federal Election Commission that Askar withdrew a $ 3 million interest-free loan and directed it to his campaign account in Congress. In the complaint, Carter wrote that the loan “reeked of fraud in the highest degree.”
This is in part because the Northern Bank and Trust loan had an APR of 0%, which is unusual.
Financial information shows that Askar’s funding was linked to its stake in three limited liability companies.
Carter points to business documents suggesting other business partners, including Askar’s brother Sam askar, have an interest in these LLCs. Another document linked to one of the business lists Alexander Askar as a member of society.
Carter suggests in his complaint that other people’s interest in the businesses raises questions as to whether the Northern Trust loan was in fact a business loan rather than a personal loan only to Casey Askar.
Carter alleged in his complaint that the loan itself appeared to be made on the basis of Manatee County property owned by one of the companies valued at $ 425,000 by the local government. The property was mortgaged with Northern Trust for $ 650,000 after Askar applied for a line of credit.
Corn Kristin davison, an Askar campaign consultant said the candidate’s loan came from a line of credit the businessman had through Northern Trust for years. The money was taken from the account before Askar showed up to Congress and then provided through a candidate loan.
“The bank did not lend money to the countryside,” she said. “Casey has a line of credit. These are his personal funds.
This credit comes from the fact that Askar has been doing business with the bank for years. It is based on a number of LLCs in which Askar is the sole owner, Davison said.
If Askar is the sole owner of any LLCs serving as collateral, that’s okay, campaign finance officials said. But if businesses have more than one owner, things get riskier, as the money raised through a line of credit could arguably qualify as a donation to a campaign over the legal limit.
Once the Askar campaign receives an official notification that the complaint has been filed, documents can be provided to verify that the funding source is legitimate, Davison said. The Askar campaign expects the complaint to be dismissed.
While candidates are allowed to put their own money into a campaign account, they cannot do the same with money belonging to other entities and individuals, even family members.
But Carter suggests it was done and that Northern Trust was aware of the problem.
“Of course, banks are aware of the strict regulations around campaign finance, and they would be all the more aware of those regulations when lending an amount of up to $ 3,000,000,” Carter wrote. “However, Northern Bank & Trust Company has blatantly ignored these regulations. Why? Because Kousay ‘Casey’ Askar conspired with the President and CEO of Northern Bank & Trust Company, James mawn, to receive the fraudulent loan.
mauve donate to Askar’s campaign, giving the candidate $ 5,600 on March 3. Mawn’s wife Erica donated an identical amount on the same day. Donations are the only ones made by either of the Mawn to federal candidates this cycle.
Calls to Northern Bank & Trust were not returned.
Askar is one of 10 republicans run in the Florida 19e The congressional district will succeed the retired representative. Francois Rooney.
During the first quarter of the year, Askar had the greatest cash advantage. He raised the most dollars away, including over $ 500,000 collected in the first 11 days of deposit. But the $ 3 million loan accounts for the bulk of its $ 3.5 million in total revenue.
Carter, in an email to Florida Politics, also blames Askar for his legacy, calling him an “Iraqi immigrant” while claiming, without evidence, links to “radicalized business entities in the Middle East.” .
Davison rejected the lightweight. Askar’s family fled Christian persecution in Iraq when he was seven, a story he has highlighted in campaign advertisements.
“It’s a clown thing to do to use [Askar’s] American dream story against him, ”Davison said.
The FEC complaint itself focuses on Askar’s loan, suggesting that a bank with no personal connection to Askar would never grant such a low-risk deal to a political candidate for the first time and claiming that how the money that was directed to the campaign account was illegal.
“It is imperative that Kousay ‘Casey’ Askar, Casey Askar For Congress and Northern Bank & Trust Company be brought to justice for their egregious violations,” Carter wrote in the complaint. “The loan should be recalled immediately as the investigation unfolds, so as not to allow Casey Askar For Congress to profit from the fraud they committed. In addition, a full investigation should be launched on all parties. “
This includes Mawn and all the regulators who approved the deal, according to the complaint.