Share
News

Ocasio-Cortez’s Wealthy Chief of Staff Avoids Disclosing His Finances

Share

Rep. Alexandria Ocasio-Cortez’s wealthy chief of staff, Saikat Chakrabarti, did not file a disclosure revealing his net worth and outside income earned in 2018, despite the congresswoman having the legal means to compel him to do so.

Chakrabarti was a co-founder of two PACs — Brand New Congress and Justice Democrats — that were instrumental in the New York Democrat’s electoral victory last year.

Combined, the political action committees funneled over $1 million to an LLC Chakrabarti controlled during the 2018 midterms.

A complaint filed in March with the Federal Elections Commission called the operation “an elaborate scheme to avoid proper disclosure of campaign expenditures.”

Ocasio-Cortez announced in February that she was capping her staff salaries at $80,000, meaning that nobody on her payroll, including Chakrabarti, would earn the senior pay rate of $126,000 that requires congressional staffers to publicly disclose their finances, the Washington Examiner previously reported.

Trending:
Lawyer Who Got Nick Sandmann a Settlement from CNN Weighs in on Rittenhouse: His New Target Is the Biggest Fish of Them All

But the House Ethics Committee requires every representative to have at least one staffer file a financial disclosure.

Members such as Ocasio-Cortez that don’t pay any of their employees at the senior pay rate must designate at least one so-called principal assistant who is required to disclose their finances.

Representatives have broad latitude to determine which employee to name as their principal assistants, but the House Ethics Committee encourages representatives to select employees who can, in some circumstances, “act in the Member’s name or with the Member’s authority.”

Ocasio-Cortez’s senior policy analyst Dan Riffle was the only member of the New York Democrat’s staff to have a financial disclosure on file with the House Legislative Resource Center as of Monday afternoon.

No financial disclosures were on file for Chakrabarti, who directly engages with Ocasio-Cortez’s congressional colleagues on Twitter.

Chakrabarti co-founded a Silicon Valley firm in 2010 and purchased a $1.6 million home in 2018, according to the Examiner.

“Given Chakrabarti’s enormous wealth and potential for conflicts of interest, I am a little surprised he is not voluntarily filing financial disclosure statements,” government affairs lobbyist Craig Holman of the left-leaning advocacy group Public Citizen said.

The advocacy group also noted that House Ethics rules grant Ocasio-Cortez “the legal means to require her chief of staff Saikat Chakrabarti and other senior staffers to disclose their financial dealings.”

“It is great that Senior Policy Analyst Dan Riffle is disclosing his finances, but if this interpretive ruling need be invoked for transparency of potential conflicts of interest, it should be invoked upon the wealthy chief of staff where the greatest potential for conflicts rests,” Holman told The Daily Caller News Foundation.

Related:
Biden Issues Hypocritical Statement on Rittenhouse

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org.

A version of this article appeared on The Daily Caller News Foundation website.

Truth and Accuracy

Submit a Correction →



We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
, , , , , , ,
Share
Founded by Tucker Carlson, a 25-year veteran of print and broadcast media, and Neil Patel, former chief policy adviser to Vice President Dick Cheney, The Daily Caller News Foundation is a 501(c)(3) non-profit providing original investigative reporting from a team of professional reporters that operates for the public benefit.




Conversation

Notice: Due to threatened de-monetization, we have temporarily removed commenting while we build a long-term commenting solution that allows you to voice your opinion freely and allows us to continue to publish the news fearlessly and cover topics that you care about. If you would like to personally partner with The Western Journal to help us continue publishing while under relentless assault by Big Tech, please visit our subscription page here. We encourage you to share this article and discuss with your friends.