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Showing posts from May 19, 2013

Ooopsie! I just plain forgot about that other $80

Pritzker Understated Income, Files Amended Disclosure - Bloomberg:
Chicago billionaire Penny Pritzker inadvertently understated a portion of her income by at least $80 million in a disclosure form required for her nomination to be U.S. Commerce secretary and has amended the document. Forms released online last night by the Office of Government Ethics show that Pritzker earned additional income for consulting work on hundreds of trusts, including family trusts, beyond what she disclosed last week. The omission, discovered by Pritzker’s financial advisers, was due to a clerical error, said Susan Anderson, the nominee’s spokeswoman.

If confirmed to run the Commerce Department, Pritzker Realty Group LLC Chairman Penny Pritzker would be among the wealthiest cabinet secretaries in U.S. history.

“It is a substantial amount and we moved to correct the mistake as soon as it was discovered,” Anderson said in an e-mailed statement. Documents released last week show Pritzker received $32.2 mill…