BREAKING: Casey Cagle Got a Sweetheart Real Estate Deal From a Lobbyist
A new bombshell report from the New York Times details how Lt. Gov. Casey Cagle used his relationship with a lobbyist to get a sweetheart real estate deal just before he started his first run for governor. According to the report, Cagle purchased an apartment from a powerful lobbyist at 24% below the appraised market value. Cagle then sold the property to turn a 29% profit.
From the story:
Real estate records show that Mr. Cagle, who faces a runoff for the Republican nomination on July 24,purchased the one-bedroom apartment at 24 percent less than its appraised value — below comparable sales prices — and sold it last year at a 29 percent profit…
As lieutenant governor, Mr. Cagle presides over the Senate and controls the flow of legislation there. The direct financial transaction between him and a lobbyist with business before the government raises ethical questions comparable to those afflicting Scott Pruitt, the Environmental Protection Agency administrator.
In what may have been an attempt to cover up any unethical profits, Cagle repeatedly inflated the value of his properties on his financial disclosure forms.
This particular lobbyist has been a clear supporter of Cagle’s political career. He has donated $12,000 to Cagle’s campaign fund.
This is just the latest in a string of scandals that show how Cagle repeatedly used his political power and connections to profit both personally and politically.
“We already knew Casey Cagle was using his office to score political favors, but this latest bombshell report shows that he also used it to personally enrich himself,” said DGA spokesman Alex Japko. “Georgia voters deserve a governor who won’t sell them out to turn a profit for themselves. This type of corruption and insider dealing is exactly what’s wrong with politics and Casey Cagle cannot be trusted to play by the rules.”