Fetterman Bought Land From His Own Nonprofit At Fraction Of Market Value In Eyebrow-Raising Deal With Deputy Mayor, Complaint Alleges
Campaign Finance,2022 Elections,Midterm Elections,John Fetterman,Ethics Investigation
Pennsylvania Lt. Governor and Democratic Senate candidate John Fetterman purchased a $75,000 property in Braddock from his own nonprofit for a mere $1,100, according to a complaint from the Center for Accountability and Government Ethics.
The organization, a spinoff from the CPAC Foundation, contended that Braddock Redux, a nonprofit run by Fetterman and intended as a mechanism to revitalize the blighted steel town over which he was mayor, served as a means for a real estate deal between Fetterman and Jebediah Feldman, the vice president of the nonprofit’s board and deputy mayor of Braddock.
The complaint, sent to the Pennsylvania Secretary of the Commonwealth and Pennsylvania Ethics Commission, noted that Feldman bought the parcel for $75,000 in his own personal capacity in 2007. Four years later, he sold the property to Braddock Redux for $1. Three years afterward, Braddock Redux sold the parcel to Fetterman for $1,100, meaning that the Senate candidate purchased the property for a mere 8% of market value. The complaint was first obtained by The Daily Caller.
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