Democrat’s Wife Gets Million Dollar Stock Payday

Photo by Ian Hutchinson on Unsplash

( – The Center for Renewing America has refiled an ethics complaint against Congressman Jamie Raskin, a Democrat from Maryland, criticizing his delay in reporting significant stock transactions tied to his wife, Sarah Bloom Raskin’s, involvement with a financial tech company in Colorado.

This renewed complaint emphasizes the potential breach of federal laws governing financial disclosures, pointing out that Congressman Raskin failed to timely disclose the substantial earnings his wife acquired from selling shares in Reserve Trust. The organization underscores the importance of transparency in disclosing assets to enable public scrutiny of lawmakers’ motivations and actions.

The issue at hand traces back to 2022 when reports by FOX Business and Business Insider revealed that Congressman Raskin disclosed a $1.5 million gain from his wife’s sale of 195,936 Reserve Trust shares eight months after the fact, a move that contradicted the expected disclosure timeline. The original transaction, dating back to December 18, 2020, was only made public in a filing in August 2021.

This complaint revives prior allegations that had led to the withdrawal of President Biden’s nomination of Sarah Bloom Raskin for a key Federal Reserve position, following an initial ethics complaint by the American Accountability Foundation, which has since lapsed.

Russ Vought, leading the Center for Renewing America and former OMB director under President Trump, alleges Congressman Raskin breached the Ethics in Government Act by omitting his wife’s income from his financial disclosures over several years. This oversight raises concerns about further non-disclosures and potential conflicts of interest related to the Reserve Trust’s dealings with the Raskins.

The Center for Renewing America is urging the Office of Congressional Ethics to delve into whether Congressman Raskin’s actions unduly favored his wife’s clients or Reserve Trust during the undisclosed period, casting a shadow over his integrity and commitment to his constituents’ welfare. The organization seeks a thorough investigation into these matters to uphold ethical standards and transparency within Congress.

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