REPORT: Watchdog seeks probe over Dem candidate’s muddy financial disclosures

FreeBeacon:

A government watchdog group is seeking a probe into the financial disclosures of a Texas Democratic candidate after he reported just thousands in total income and his campaign issued a statement that is contradictory to what the disclosure forms show.

Sri Preston Kulkarni, a former State Department diplomat who left his position to run in Texas’s 22nd Congressional District in 2018, a race he narrowly lost, is again seeking a bid at the seat with incumbent Republican representative Pete Olson retiring from Congress. The district is targeted by national Democrats.

The article goes on to state the following:

Since the time that Kulkarni left the State Department, he has reported earnings of only $6,000 for consulting work from Mires, Ran, Clark & Associates, a Texas-based investor and shareholder advocacy group, on his 2019 financial disclosure forms. The Democrat’s campaign was questioned on the reported income and claimed that he has been dipping into his savings while running the campaign.

Kulkarni, however, did not report any assets above $1,000 on his most recent financial disclosure forms.
A search of Federal Election Commission filings shows that during the time that Kulkarni reported such low assets, he provided his 2018 campaign with $50,000 in loans. Kulkarni eventually repaid himself from the campaign’s coffers and added thousands more for the likes of advertising, ballot filing fees, and even a $2,700 contribution refund.

Kulkarni also marks incurring credit card debt between $10,000 and $15,000 in June and between $50,001 and $100,000 in graduate student loan debt incurred September 2016 on the forms.

Now, the Foundation for Accountability and Civic Trust (FACT), a D.C.-based government ethics group, is seeking a probe into Kulkarni for failing to file a “true, complete, and accurate” financial disclosure form

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