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Entries in Tiffany's (4)

Tuesday
Oct252011

Callista Gingrich Back at Tiffany

Kris Connor/Getty Images(LEESBURG PIKE, Va.) -- Callista Gingrich was spotted browsing in a Tiffany store in Leesburg Pike, Va., over the weekend while her husband, Newt, ordered sparkling wine at a restaurant next door, the Washington Post  reports.

With a night off between two weekend Iowa visits, the Gingriches stopped off at a popular local restaurant, Chef Geoff’s at Tysons Corner. The former House Speaker caught a few minutes of Sunday football at the bar as he drank a class of cava while his wife checked out the goods in the high-end jewelry store.

Last May, one week after Newt Gingrich announced that he was seeking the GOP presidential nomination, financial disclosure reports revealed that in 2006 Callista Gingrich listed a revolving charge account at Tiffany and Co. Charges ranged between $250,001 to $500,000.  

One month later, it was found the Gingriches had a second line of credit at the store, which at one point listed charges between $500,000 and $1,000,000.  Gingrich spokesman Joe Desantis confirmed that the six- to seven-figure credit line would be reported on financial disclosure forms, but that as of June, “it has zero balance, and it has been closed.”

Copyright 2011 ABC News Radio

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

Tuesday
Jun212011

Newt Gingrich Had Second Line of Credit at Tiffany

ABC News Radio(NEW YORK) -- Newt Gingrich's presidential campaign acknowledged Tuesday that Gingrich had a second line of credit at high-end jewelry store Tiffany's for as much as $1 million.

As first reported by the Washington Post, Joe DeSantis, spokesman for the Gingrich campaign, said Gingrich's personal financial disclosure filing due 30 days after his declared candidacy will reveal “the Gingriches had a $500,000 to $1 million line of credit at Tiffany's, that it has zero balance, and it has been closed.”

DeSantis said all debts to Tiffany's had been paid and offered no information regarding when the line of credit was obtained, when it was closed or what it was used to purchase.

Sources told ABC News the Gingrich campaign was worried about what the next filing would reveal.  The Gingrich campaign asked for a 45-day extension on the personal financial disclosure filing from the FEC, which lasts until July 25.  The filing will encompass personal financial disclosures since June 2010.

Reports of Gingrich's first line of credit with Tiffany's emerged on May 17, six days after Gingrich announced his candidacy via Twitter.

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

“Well, go talk to Tiffany's. All I'm telling you is we are very frugal. We, in fact, live within our budget. We owe nothing,” Gingrich said. “I'm a guy running for president who pays out of his bills in after-tax income at no cost to the taxpayer and who currently owes nothing except one rental property in Wisconsin. I am debt free.”

On Monday, two top fundraisers for the Gingrich campaign finance team resigned.

Copyright 2011 ABC News Radio

Tuesday
May172011

Gingrich Duo Racks Up Huge Bill at Tiffany's Jewelry

Jessica McGowan/Getty Images(WASHINGTON) -- ABC News has confirmed Newt and Callista Gingrich held up to half a million dollars in debt with Tiffany and Co., known for its high-end jewelry, in 2005 and 2006.

Financial disclosure reports filed with the Clerk of the House of Representatives for the calendar years 2005 and 2006 reveal Callista listed a “revolving charge account” with Tiffany and Co. with liabilities ranging in the amount of $250,001 to $500,000.

It is unclear whether the couple has paid off the debt to the pricey jewelry chain. Gingrich’s spokesman Rick Tyler declined to respond to the financial disclosures, telling ABC News in an email, “No Comment.”  Tiffany and Co. also did not immediately respond to multiple requests for comment.

A House Ethics Committee manual classifies credit cards as a type of “revolving charge account.”  Revolving charge accounts must be reported if their balance exceeds $10,000.  The Ethics Committee requires members, officers and certain employees of the House of Representatives to file annual financial disclosure forms.

Newt Gingrich, the former Speaker of the House from 1995-1999, retired from Congress in 1999, but his wife worked as the chief clerk for the House Committee on Agriculture until 2007. The couple was married in 2000 after the former Georgia lawmaker had already left the House.

Gingrich, 67, announced last week that he is officially seeking the Republican nomination for president in 2012.

Copyright 2011 ABC News Radio







ABC News Radio