Fox News Media Relations Senior Manager sent NCRM an email in response to an article we published on the Hannity housing fiasco. Michael Cohen case shines light on Sean Hannity's property empire tells an all too familiar tale of Mr. Hannity not disclosing personal and business relationships to his audience. The properties range from luxurious mansions to rentals for low-income families.
I used another quote from The Guardian in the recent Spuds Hannity comic.
Hannity also never disclosed that he was also a client of President TrumpDonald John TrumpGingrich: Trump "mishandled" Rosenstein memo on Comey Trump to gift Macron framed upholstery: report Former presidents, first ladies come together to honor Barbara Bush MORE's personal lawyer, Michael Cohen, during any of his segments complaining about the FBI investigation into Cohen.
"I've said many times on my radio show: I hate the stock market, I prefer real estate". Around that time, Hannity had sharply criticized former President Barack Obama for the rate of USA foreclosures, and he did not disclose his financial dealings with HUD during an interview past year with HUD Secretary Ben Carson in which he complained about the state of public housing.
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According to the report by the Guardian, Hannity is linked to a group of shell companies (companies that are usually created for purposes like tax avoidance or covering trail of money) which have spent $90 million buying hundreds of homes across the United States, some of them available for cheap due to foreclosures and partially due to help from the Department of Housing and Urban Development (HUD).
However, Hannity's real estate attorney Christopher Reeve said his client's property holdings were "highly confidential" and not relevant for the public. But the television host didn't disclose that fact in June when he had HUD Secretary Ben Carson on air and praised his department's and the Trump administration's privatization proposals. Many were in low-income neighborhoods, which Hannity's companies purchased out of foreclosure.
Dozens of the properties were bought at a discount in 2013, after banks foreclosed on their previous owners for defaulting on mortgages.
Perhaps that's why Fox News is now acting as Hannity's PR agent.
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