Gavin Newsom

Recall Update: Gavin Newsom Pay for Play Scheme: His “First Partner’s” Charitable Fundraising Exposed, And Then There is Faulconer too…

2021 Elections, Gavin Newsom, Kevin Faulconer 2 Responses »

Jul 292021

Please note the url has changed to www.rightondailyblog.com – please change your bookmarks.

Remember Gray Davis? We used to joke about the toll booth at the door of his office. Looks the same for Gavin Newsom and Kevin Faulconer

From 2011 through 2018, the nonprofit has paid Siebel Newsom more than $290,000 per year — $2.3 million in all — for her leadership work and for creating three documentary films on social justice themes, according to the nonprofit’s tax returns.

That’s more than 20% of the $10.4 million it received from contributors. The Newsoms’ tax returns and financial disclosure forms show she has continued to draw a salary since her husband became governor.

Many donations came from California philanthropists, venture capitalists and people who inherited great wealth.

But in recent years, as Newsom’s political star ascended, records show his wife’s nonprofit received more than $800,000 from a dozen corporations that regularly lobby state government on matters affecting their financial bottom lines. In 2015, the year Newsom announced he would run for governor, The Representation Project’s contributions increased by 30% to almost $1.6 million.

Did you know that Kevin Faulconer’s wife has an event planning business? How much you want to bet a bunch of his major donors have used her services?

Pacific Gas & Electric, then facing multiple state investigations for its role in sparking a series of devastating wildfires, was acknowledged as a “champion donor,” indicating a $25,000 donation, according to the program.

AT&T and Comcast, heavily-regulated telecoms that hoped to retain their market dominance in California, each gave $10,000.

Another donor was the Kaiser Permanente health care system, an opponent of a proposal to create a “single-payer” health plan for the state, which the new governor campaigned on. Kaiser’s president at the time, the late Bernard Tyson, was on the event’s host committee.

So was John Fisher, heir to the Gap clothing fortune and owner of the Oakland Athletics baseball team, which wanted state permits for a new stadium.

The flow of corporate donations to Newsom’s wife’s nonprofit that night are part of a pattern, a Sacramento Bee investigation found.

Fascinating.

Apparently if you wanted to throw a big bash in Downtown San Diego, Katherine Faulconer was the person to call.

Stuart, who navigated the wingding through the city’s often daunting bureaucracy, runs the couple’s lucrative Restaurant Events business.

The firm arranges with city officials for hard-to-get block closings, police protection, and other city services to accommodate downtown parties whose corporate sponsors are well heeled enough to be able to afford Stuart’s sizable fees.

Katherine Stuart (Faulconer) is Kevin Faulconer’s wife. Perhaps I need to take a look at Faulconer’s donors and see how many have business with the City and Mrs. Faulconer. No rational person could conclude that Faulconer did not influence decisions of city staff with regard to some of these events.

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Information I have shows that Mrs. Faulconer’s business has grown in a similar manner to Mz Newsolini’s since their respective husbands have been in office. The details will follow more soon…

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He also barred top administration officials, including his wife, from accepting gifts from lobbyists. The moves were intended to reflect Newsom’s “commitment to an administration that exceeds California’s already strong legal standards,” his top aides wrote in a letter to staff announcing the rules.

Newsom hasn’t addressed his wife’s nonprofit.

The Newsoms refused multiple requests to be interviewed for this story through The Representation Project and through spokespeople for the governor’s office and campaign.

I am shocked, I tell you shocked to find out a couple of democrats appear to be abusing their office to make money. Replacing Newsolini with Faulconer is like treating Cancer With Botulsim. The California Republican Party is about to endorse this guy through a rigged process, they must be truly suicidal.

After being smeared by Gavin Newsom Via the LA Times, the Official Recall Campaign Responds

2021 Elections, Gavin Newsom No Responses »

Jan 242021

The LA Times decided to attack the recall effort against Gavin Newsom in a blatant article trying to separate disaffected democrats from the movement. With north of 1.2 Million signatures in the tank, they are starting to sweat. Familiarize yourself with the two reporters:

Anita Chabria has written articles for various publications and has been consistently anti law-enforcement and fixated on the “extreme right” authoring several articles I could find that were as dubious as any election fraud theory. She is also a graduate of berkeley. Enough said

Paige St John has made a career attacking business, the insurance industry and if you look close she also covered Bush vs Gore (in a very pro Gore manner) in her past trevails. She fancies herself as an investigative reporter and her fellow leftist jounrnos gave her a pulitzer prize for a one-sided attack series against property insurers in Florida. (Think hurricanes and reporters demanding insurance carriers cover everything) What Paige does not know is I remember the media assault on Insurance Carriers in Florida, it caused rates to go up 50% while people like her celebrated some sort of victory for social justice.

This story features several reaches and infers that some fringe players are somehow running the recall effort. Paige especially knows better – but as a career partisan sell-out journalist it appears she felt honor bound to double down on Gavin Newsom. No reasonable person could read the smearing of several private citizens and infer anything other than an attempt to try and keep democrats and left-leaning independents from signing the recall.

RecallGavin2020 Campaign Issues Official Statement regarding “political hit job” conducted by Los Angeles Times

Media Contact:

Randy Economy, Senior Advisor, RecallGavin2020.com
press@recallgavin2020.com

Los Angeles, CA: On Sunday, January 24, 2021 the Los Angeles Times published a news article “Recall Newsom effort has ties to far-right movements, including QAnon, and virus skeptics.”

With the recall gaining steam and 1.2 million signatures already gathered, some in the press have launched a campaign of their own to smear and attack individual recall volunteers.

The Los Angeles Times has sunk to an all-time low in its bias coverage of the official recall campaign, to create a divisive and polarizing narrative. The article is an obvious attempt to stifle progress, distract the public and bully others from getting involved.

Good, hardworking and dedicated volunteers from all walks of life, political backgrounds and socio-economic levels are laser focused on the task at hand, and that is the successful removal of California Governor Gavin Newsom from office in 2021.

Such biased journalism that was authored by political activist reporters Anita Chabria and Paige St. John is harmful to the democratic process in which people are merely exercising their rights guaranteed them by the constitution.

Californians from all walks of life have signed the petition for personal reasons of their own, which have nothing to do with the personal beliefs of any individual member. This movement is about bad policies and fixing a broken system, not individual personalities. When successful, the recall will trigger a special election later this Summer and Californians will have an opportunity to choose a new Governor.

RecallGavin2020.com is a peaceful, nonpartisan movement and has many active volunteers. Everyone involved is entitled to their own personal opinions, that is what a Democracy is all about. We decry all aspects of racism and hate. We denounce any individual or group who engages in acts of violence, vandalism, or make threats on any level.

–Randy Economy

Senior Advisor

Media Spokesman

RecallGavin2020.com

Add this to the list of things the CAGOP is not doing: Telling People to Actually Sign the Recall of Gavin Newsolini (Instead of just fundraising off of it)

2020 Elections, 2021 Elections, Gavin Newsom No Responses »

Dec 192020

A hollow endorsement and some deceptive fundraising emails is the extent of the support for the Recall from the State Party.

However, here is Travis Allen. This is what should be done: (Note the key difference between this fundraiser email and the CAGOP’s fundraising emails – leave a comment if you figure it out)

Steve,

Gavin Newsom is at the end of his rope. Time after time, he scoffs at Californians and subjects us to strict executive orders from his office.

Shortly after photos surfaced of Gavin Newsom’s hypocritical French Laundry dinner party and exposed him as having lied about the details, he imposed another strict lockdown on the state that comes with unwarranted regulations on businesses and an illogical districting of counties.

How long will Californians continue to sit back and be content with being lied to? The answer: not much longer.

The combination of his lies and ignorantly constructed COVID regulations has given rise to the most successful recall initiative against a California Governor in 17 years.

Organizers of this recall effort report they have more than half the petition signatures needed to put the recall on the ballot, but there is a still a long way to go until the March 17th deadline.

Take Back California PAC is fully supportive of this recall, and we urge you to download, sign and mail back the petition.

DOWNLOAD THE OFFICIAL RECALL PETITION →
Our economic and personal freedoms, and our very livelihoods are at stake; we must recall our heretic Governor Gavin Newsom in order to save them.

This may be our only shot at this… so please download, sign and return your petition to help the recall qualify for the ballot before the deadline.

Thank you,

Take Back California PAC

CONTRIBUTE →

PAID FOR BY TAKE BACK CALIFORNIA PAC
FPPC ID# 1406793

Redstate: NEW: Gavin Newsom’s Undisclosed “Sweetheart” Bank Deals Gave Him $3.8 Million

2020 Elections, Gavin Newsom No Responses »

Jul 292020

Blogger’s Note – it has been put to me that www.Redstate.com and www.townhall.com are being targeted by Google and “throttled back” in an orchestrated and coordinated attack by social media companies to impose their will on the election. Megalomania is Typical for maladjusted nerds. The unfortunate part for them is the genie is out of the bottle, they and the democrats they whore themselves for can no longer lie (such as calling riots a hoax) with inpuginity. The loss of control for the left must be devastating.

In a real world of ethical people this redstate.com story would be national news. Gavin Newsom is straight out corrupt. Take a look at the latest:

We reported over the weekend that California Gov. Gavin Newsom obtained a $2.7 million cashout refi mortgage on his Fair Oaks estate just 90 days after it was deeded to him by an LLC formed by his cousin, Jeremy Scherer. This photo of the Newsoms, tweeted Sunday by Mr. Newsom, was taken in the backyard of that estate.

Now, it looks like that loan and a similar cashout refi the Newsoms obtained on their Marin County mansion in November 2017 are “sweetheart” deals that aren’t available to even the most qualified buyers. Between the two deals – which haven’t been reported on the Governor’s financial disclosure forms – the Newsoms were provided with $3.8 million in tax-free cash.

(Yes, commenters, they still owe that money to the bank, so it’s not like there are no strings attached.)

Two long-time mortgage professionals who spoke to RedState and who specialize in mortgages and refinancing in this price range were “stunned” that the Newsoms were able to obtain these loans and shared dozens of anecdotes where their own customers or associates weren’t able to.

As we reported, on January 27, 2020, approximately three months after receiving the deed to the Fair Oaks home, the Newsoms obtained a cashout refinance for $2,695,000. That’s approximately 80 percent of the home’s appraised value of $3,700,000. There are some circumstances under which borrowers can receive up to 100 percent of the home’s value in a cashout refinance, but “jumbo” loans (loans over approximately $700,000 in Sacramento County) are customarily restricted to no more than 80 percent of the home’s value. Still, obtaining a jumbo cashout refi is complicated and nearly impossible in 2020. Mortgage professional Thomas Zabel, who’s worked in all facets of the industry since 2005, told RedState:

“Banks tightened up the guidelines on cashout refi’s in 2019, including decreasing the loan-to-value (LTV) percentage and some requiring that the borrowers have $1,000,000 plus in liquid assets available. Even then, a cashout of nearly $2.7 million on a $3.7 million home in January 2020 simply wasn’t available to any qualified borrower that I know of.”

In addition, the Newsoms would need to have the deed for much longer than 90 days before being considered for a cashout refi. An Orange County real estate agent/former mortgage brokerage owner told RedState:

“Borrowers have to have the deed for at least six months to get a cashout refi. Period. Even my highly qualified borrowers with millions in liquid assets are held to that standard. Obviously a bank can make whatever loan they want to make, but there’s no way you or I can walk into a bank and get that kind of deal. It doesn’t exist.”

That wasn’t the first time the Newsoms’ “lucked” into a deal that no one else could get – and both of the refinances were done with the same bank, Union Bank. Prior to their move to Sacramento, the Newsoms lived in a ritzy hilltop home in Marin County with views of the San Francisco Bay. They moved to that home in 2011 from San Francisco, taking out a $1,760,000 mortgage on the $2,225,000 purchase price. They refinanced in 2013 for $2,175,000, and then again in October 2017 for $3,225,000 – netting at least $1 million in cash.

Gavin Newsom 2017 Mortgage, Page 3

The home was worth $3.5 million at the time, according to Zillow.

Assuming that Zillow “zestimate” is correct, that means that the Newsoms obtained a cashout refi for more than 90 percent of the home’s value, which is way outside the norm for jumbo loans. Again, both of the mortgage experts RedState consulted with said there is no way a regular borrower would be offered this loan, even with a sterling credit score, abundant income, and cash reserves.

And, according to a Union Bank rate sheet obtained by RedState, although the bank offers cashout refinancing for primary homes up to 80 percent loan to value (LTV), the maximum a borrower can receive is $750,000.

Union Bank Loan to Value Guidelines

According to the Wholesale Rate Sheet for Jumbo products, even with a stellar credit score a borrower cannot obtain more than $2,500,000 for a purchase, Rate/Term refinance, or Cash Out refinance, and at that amount, the maximum LTV is 70 percent. The Newsoms’ loans were at 92 and 80 percent, respectively.

Union Bank Wholesale Rate Sheet, 2020

While this rate sheet is for 2020, the linked underwriting guidelines and required reserves linked are from December 2019, when the Newsoms would have been applying for the Cash Out on their Fair Oaks Home.

The Newsoms still own the Marin County home, though they publicly announced on January 29, 2019, that they were listing it for sale for $5.9 million. The home was taken off the market in June 2019, and they listed it as real property on their 2019 Form 700 (Statement of Economic Interest) and claimed more than $100,000 in rental income.

Because of the potential conflict of interest “sweetheart” loans present, elected officials in California are required to report them on their Form 700. Schedule B, “Interests in Real Property,” states:

“Personal loans and loans received not in a lender’s regular course of business must be disclosed as follows.”

The Marin County refinancing is notably absent from the Newsoms’ 2019 Form 700.

Between the two homes, the Newsoms have approximately $6 million in mortgage debt.

Californians deserve to know what’s behind these deals. Where did the $3.7 million to purchase the Fair Oaks property originate? Why was Newsom given these deals? If he is such a successful, wealthy businessman, why does he need these cash-outs? Why isn’t the 2017 cash-out reported on his 2017, 2018, or 2019 Form 700’s? Will he report the 2020 cash-out on his 2020 Form 700? Are Newsom’s personal finances as much of a shell game as the State of California’s? What, if anything, does Union Bank expect from Newsom in return for these deals?

Jennifer Van Laar is Deputy Managing Editor at RedState and founded Save California PAC. Follow her work on Facebook and Twitter. Story tips: jenredstate@protonmail.com.

Red State: CORRUPTION. Gavin Newsom Got a Free Mansion and Other Perks Not Reported on his Financials?

2020 Elections, Gavin Newsom 8 Responses »

Jul 262020

Got it? Winery? Open. Kid’s 25,000 a week private school? Open. Moving to a County magically not on the “Watch List”? Yup, got that too.

Then there is this bombshell uncovered by Jennifer Van Laar at Redstate:

Gavin Newsom’s $3.7 million, 12,000 square foot mansion, on 8+ acres along the American River in Sacramento, was the area’s most expensive home sale in 2018
The gated estate consists of a 6 bedroom/10 bath home, a guest house, a pool, a tennis court, and a wine cave
An LLC registered to Newsom’s cousin, long-time business partner, and Co-President of PlumpJack, Jeremy Scherer, paid cash for the estate in December 2018
Newsom’s spox, though, claimed in Jan 2019 that it was Newsom who’d paid cash for the home – puzzling, since Newsom still carried a $3.2 million mortgage on his prior home
In Oct 2019 the LLC gifted the home to the Newsoms free and clear, claiming Newsom was a member of the LLC to avoid a $4,000 Transfer Tax
In January 2020 the Newsoms received $2.7 million tax-free when they obtained a cash-out refinance
Newsom’s financial disclosure forms don’t mention the LLC or the gifts, which far exceed the $500 limit
In 2003, Newsom was cited for failing to disclose $11 million in real estate and business loans

Read the rest of this explosive expose’ here at www.redstate.com.

With that knowledge, the Grant Deed giving the Newsoms title to the Fair Oaks property is evaluated in an entirely different light – it’s now a gift, according to corporate law attorneys RedState spoke to about the transaction. It’s not illegal for an LLC to gift property to a person who’s not a member, but the attorneys said they’ve never taken part in such a transaction nor would they ever allow a client to. Such a transaction raises major red flags for tax and regulatory agencies, they said, since it may indicate attempted tax fraud, money laundering, or a payoff/bribe.

Gavin Newsom has been an elected official in California for 23 years, so he’s been obligated to file annual financial disclosure reports under California’s Political Reform Act for 23 years, and is well aware of his legal obligations to report companies he owns a stake in and allowable/reportable gifts.

Yikes. Given that Gavin Newsom’s popularity is tanking, and that internal party leaders are not as enamored with him as they once were… you have to wonder when they will pull the ripcord on this guy.

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