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Thursday, October 14, 2010

Records Show Congressman Pearce Diverted Thousands in Taxpayer Funds to Pay for Travel on Private Planes Owned by His Companies

Steve Uh oh. Financial records never released to the public by Steve Pearce (I wonder why) show that during his six years as the Congressman for New Mexico’s 2nd Congressional District, Congressman Pearce diverted more than $17,000 in taxpayer funds to his own companies to cover the cost of flying in his personal private planes. This is the guy, remember, who insists he's dedicated to saving the taxpayers money. That's what he says, but his behavior while in office says otherwise.

Financial records show that between 2003 and 2006, Pearce charged taxpayers 14 times for flights on his personal private planes (registered to Gree, LLC/LTD and Trinity Industries Inc.) that were then charged to taxpayers for a total of $17,483 in “private plane travel disbursements,” according to a statement and documentation released late this afternoon by the Teague campaign. The record of taxpayer payments to Pearce-owned companies was found in the Statement of Disbursements of the House as Compiled by the Chief Administrative Officer for the years 2003-2006.

“Congressman Pearce's history of corruption and hypocrisy is catching up with him. First we discovered that Pearce pocketed $46,000 in taxpayer-funded pay raises and now he’s been caught paying himself over $17,000 in taxpayer funds just so he could fly around in luxury on his own private planes,” Teague Campaign Manager, Dominic Gabello said. “This is just another example of the greed-driven behavior that has resulted in Congressman Pearce being named ‘One of the Most Corrupt Members of Congress’ -- TWICE.”

Get the Facts:

Pearce Affiliation with Gree LLC
Gree LLC/LTD is listed on Congressman Pearce’s Personal Financial Disclosure Forms filed between 2003 and 2010. The Corporations Bureau of the New Mexico Public Regulation Commission lists Congressman Steve Pearce and his wife Cynthia Pearce as Officers of Gree, LTD. There are no other officers listed.

Pearce Affiliation with Trinity Industries Inc.
Trinity Industries Inc. is listed on Congressman Pearce’s Personal Financial Disclosure Forms filed between 2004 and 2010. The Corporations Bureau of the New Mexico Public Regulation Commission lists Congressman Steve Pearce as the President and his wife, Cynthia Pearce as the Secretary of Trinity Industries Inc.

Private Plane Travel Disbursements:

Congressional Private Plane Travel

Quarter 3 2003
Gree, LLC: $3,207.63

Quarter 4 2003
Gree, LLC: $1,738.09

Quarter 2 2004
Gree, LLC: $581.07

Quarter 3 2004
Gree, LLC: $1,585.04
Gree, LLC: $819.88
Gree, LLC: $810.93

Quarter 4 2004
Gree, LLC: $461.68
Gree, LLC: $572.13

Quarter 3 2005
Gree, LLC: $673.42

Quarter 1 2006
Trinity Industries, INC: $1,523.36
Gree, LLC: $1,363.30
Trinity Industries, INC: $1,135.75

Quarter 2 2006
Trinity Industries, INC: $457.50
Gree, LLC: $2,553.29

Total: 17,483.07

(Information provided by the Teague campaign.)

Fight Back: Arrogant and elitist, isn't it? That's why the DFNM blog has started an ActBlue page called StandWithTeague to support Harry Teague's battle against Pearce in this rough election cycle. With lots of outside money pouring into right-wing coffers here in New Mexico, we have to fight back.

If you can afford to donate $5, $10 or more to Harry's campaign, we'd be much obliged. Every dollar counts as we head into the final weeks before the election.

October 14, 2010 at 06:07 PM in NM-02 Congressional Race 2010, Rep. Harry Teague (NM-02), Steve Pearce, Taxes | Permalink

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