According to FloridaBullDog.org (a big publication here in the state), “Gov. Rick Scott has an undisclosed financial interest in a Zika mosquito control company in which his wife, Florida First Lady Ann Scott, owns a multi-million dollar stake through a private investment firm she co-owns.”
That’s right folks, it appears Scott isn’t just concerned about the well-being of Floridians but the cash to be made via Mosquito Control Services LLC of Metairie, LA. Perhaps that was a large part of the reason that he signed an executive order, on June 23rd, which allocated $26.2 million in state emergency funds for Zika preparedness.
MCS, whose services include monitoring and aerial spraying, may still benefit from Florida government funds- we just don’t know because they haven’t responded to requests for comment. We do know that the company is not a registered state vendor.
But that is really the tip of this disgusting iceberg.
From the article:
“Ann Scott’s large stake in MCS is via G. Scott Capital Partners, an investment firm that boasts $291 million of client assets. The firm manages several private equity funds and various “family accounts primarily comprised of trusts and family entities,” according to U.S. Securities and Exchange Commission records.
The Florida Bulldog reported in 2014 that Scott Capital, as it is known online, is operated by a trio of men who once worked at Richard L. Scott Investments, the private equity firm where Gov. Scott made millions for himself and his family putting together big-money investment deals when he was in the private sector.
Scott Capital posts its portfolio online. All nine listed companies are current and former investments of the governor and/or Mrs. Scott, including Mosquito Control Services.”
But Ann doesn’t just stop there. She’s also “employed” by the firm she’s a co-owner of. That means she just funnels the money into the money she owns as, “…an interior decorator and owner of AS Interiors LLC, as a “passive investor” in G. Scott Capital. Gregory Scott owns 50 to 75 percent of the Delaware holding company that owns 100 percent of G. Scott Capital, according to the SEC. The First Lady owns the rest through the Frances Annette Scott Revocable Trust, which owns Tally 1, a Delaware company that in turn owns 25 to 50 percent of G. Scott Holdings LLC.” Has your head started spinning yet?
Thankfully for Gov. Scott, state and federal law are different so he doesn’t have to disclose his ownership interest in his wife’s investments. AND he won’t talk about it, he or his wife. The governor’s office has declined to discuss the matter or make the Gov. or First Lady available for an interview. Super duper.
“The Republican governor, a multimillionaire, puts his personal investments in a “qualified blind trust” that his office has described as being overseen by “an independent financial professional.” Florida public officers who use such a trust to “blind” themselves to the nature of their holdings get in exchange immunity from prohibited conflicts of interest under a law that Gov. Scott signed in 2013.
FloridaBulldog.org has reported, however, that the person overseeing Gov. Scott’s trust is yet another former employee at Richard L. Scott Investments and that the trust has been ineffective in keeping the governor’s assets secret.”
If he seems shady, it’s only because you know how to read. Check this out:
- When Scott took office in 2011, he transferred millions of dollars in assets to his wife, including a $62-million investment in the walk-in clinic chain Solantic. Mrs. Scott reportedly sold the stake in Solantic the same year (this caused an uproar about perceived conflicts of interest- Florida ethics laws “generally prohibit public officials from having an ownership interest in companies that do business with the state or are subject to state regulation”).
- In 2013, Scott had an undisclosed ownership stake in Spectra Energy when Florida’s Public Service Commission (five members appointed by Scott) unanimously approved construction of the $3-billion Sabal Trail natural gas pipeline (a joint venture of Spectra and NextEra Energy).
- Scott also has a $712,000 stake in Energy Transfer and its affiliates and subsidiaries; Energy Transfer owns a 50 percent interest in the Florida Gas Transmission pipeline, which delivers nearly 65 percent of the natural gas consumed in Florida.
- In 2012 Scott owned a $210,000 stake in the private equity firm that owned 21st Century Oncology. That year the all-Republican governing board of taxpayer-supported Broward Health awarded the company an unprecedented 25-year, no-bid contract to supply radiation oncology services (the governor appoints Broward Health’s board members).