SEARCH

Entries in Personal Financial Disclosure Forms (1)

Monday
Jul252011

Gingrich's Tiffany's Account is Closed, Personal Documents Confirm

Jessica McGowan/Getty Images(WASHINGTON) -- Newt Gingrich’s personal financial disclosure form obtained by ABC News on Monday confirms the presidential candidate has closed his headline-grabbing $1 million credit line with Tiffany and Co.

As first reported in June, the Gingrich couple held a second line of credit ranging between $500,000 and $1 million with the high end jewelry company since 2010.  Reports of the couple’s first line of credit with Tiffany and Co. emerged May 17, just six days after Gingrich announced his candidacy.  The first line of credit existed in 2005 and 2006 and ranged between $250,000 and $500,000.

Gingrich defended the Tiffany's account he and his wife held on CBS' Face the Nation on May 22, saying they are “very frugal.”

The personal financial disclosure, which details assets and income since January 2010, values the couple’s assets from Gingrich Productions to be between $500,001 and $1 million.  They also list a promissory note from the Gingrich Group, LLC to Gingrich Productions for the value ranging from $5 million to $25 million.

Earlier this month, the Gingrich camp revealed it was over a million dollars in debt, with nearly half of the debt owed to a company that chartered private planes for the campaign’s travel.

Copyright 2011 ABC News Radio







ABC News Radio