Report Sheds Unflattering Light on Hannity's $90M Investment

The Fox News personality's real estate dealings are being questioned
By Josh Gardner,  Newser Staff
Posted Apr 23, 2018 4:59 PM CDT

(Newser) – Sean Hannity has hit back at assertions in a report from the Guardian that cast an unflattering light on a massive real estate deal to which he is financially tied. Calling the report an "attack," the Fox News personality sought to deny any wrongdoing after it was revealed that he's the owner behind a string of shell companies that have purchased at least $90 million worth of mostly foreclosed properties dating back to the Obama administration. “It is ironic that I am being attacked for investing my personal money in communities that badly need such investment and in which, I am sure, those attacking me have not invested their money," the 56-year-old said in a statement on his website Monday. Hannity's investments were reported by the Guardian after it was recently revealed that he was a client of President Trump's personal attorney Michael Cohen.

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The companies purchased the properties with support from the Department of Housing and Urban Development; as Mediaite points out, the HUD program that made such support possible was created under President Obama. However, the Guardian reports that the maximum loan amount that can be insured through the program was increased under Trump’s HUD secretary, Ben Carson. The Guardian also points out that Hannity could be seen “praising” Carson on his show without disclosing any potential conflict of interest. It is on these points that Hannity has cried foul. "I have never discussed with anybody at HUD the original loans that were obtained in the Obama years, nor the subsequent refinance of such loans, as they are a private matter," Hannity said Monday. "I had no role in, or responsibility for, any HUD involvement in any of these investments." (Read more Sean Hannity stories.)

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