The Profit of Politics: How Stacey Abrams Leveraged Her Position…

by Paul Sperry at RealClear Investigations

By her own admission, Stacey Abrams has made a number of “personal financial missteps” in her career. Despite a history marked by bill collectors, tax liens, and ethics investigations, the Georgia politician and Democratic Party activist has managed to amass a small fortune – while working most of her career in the not-for-profit sector.

Financial records show that when she first entered statewide politics in 2018, she reported a net worth of less than $109,000. By 2022, the last year she had to publicly file a financial report, it had grown to more than $3.2 million. Abrams is probably even better off than that, thanks to her latest venture: Rewiring America, which uses federal funds to provide low-income people with free electric appliances.

The green-energy startup hired Abrams as senior counsel in 2023 after she helped secure federal funding for the nonprofit by putting together an umbrella group that applied for and won grants totaling $1.9 billion from the Biden Environmental Protection Agency, according to a podcast interview she gave last year. Those funds were frozen last month by the Trump administration while it investigates the grant application and award process along with Congress.

Related: The Many Startups of Stacey
Related: EPA Mega-Grant Has Abrams’ Fingerprints All Over It 

It’s just the latest in a string of investigations involving Abrams, who has presidential ambitions, and nonprofits she’s launched. Last month, Georgia lawmakers announced a special probe into her New Georgia Project and its fundraising arm, which failed to report millions of dollars in contributions and spending tied to Abrams’ first gubernatorial bid. She’s also been accused by ethics watchdogs of personally misusing political donations raised for her campaigns.

“I’ve always been concerned about her leveraging public service to enrich herself”…

Click Continue Reading button below to finish reading

________________________________

The Profit of Politics: How Stacey Abrams Leveraged Her Position…

by Maggie Miller & Posted by The Miller Report

In this episode of The Miller Report: Real Clear Journalism, we discuss a new investigation done by Paul Sperry into Stacey Abrams’ finances. It reveals questions about political ethics, nonprofit funding, and personal financial gain. Despite reporting significant debt and tax liens just a few years ago, Abrams’ net worth soared from under $109,000 in 2018 to over $3.2 million by 2022 — while working largely in the nonprofit sector.

At the center of the controversy is Rewiring America, a green energy nonprofit that received $1.9 billion in federal funds after Abrams helped orchestrate the funding strategy. That grant is now frozen and under investigation.

We break down the major findings, including ethics probes into her campaign practices, alleged misuse of political donations to promote her book, and broader concerns about political insiders leveraging government programs for personal profit. Is this an isolated case or part of a larger problem in American politics?

Click HERE to checkout RCI’s The Miller Report