Steve Stockman is Finally Getting the Attention He Deserves

Steve Stockman’s financial affairs are just as bizarre as his politics. Stockman has pulled this stuff before. He was chased out of office in ’96 after only one miserable term, but like herpes, he just won’t go away.He became the poster child for the unintended consequences of the sudden ’94 GOP wave and now, thanks to the wisdom of voters in my old East Texas home, he’s actually back in Congress.

Here’s a first effort to untangle the reeking mess of his financial dealings, from Lise Olsen at the Houston Chronicle:

That 2002 bankruptcy was raised as an issue when Stockman again ran for Congress in 2012. Stockman blamed his financial hardship on expenses incurred caring for his father, described in campaign literature as a World War II veteran who suffered from Alzheimer’s disease and died in 2004.

“My father raised me with the morals and convictions I have today and I’d gladly go bankrupt again to take care of my Dad,” Stockman said, according to campaign literature.

Presidential Trust is only one of at least 17 different business names and corporate identities Stockman has established over the years in Texas, Virginia, Nevada, New Mexico and the British Virgin Islands. At least 10 remain active, according to public records.

Most are based at the Webster post office box or at a UPS store mailbox in Friendswood, which was also Stockman’s official 2012 campaign address, public records show.

Stockman names only Presidential Trust Marketing as providing any recent income, according to his 2013 disclosures.

Some of Stockman’s companies had ambitious plans that never materialized, according to news stories, press releases and Internet touts.

Within a year after his bankruptcy, Stockman had established at least three new businesses.

One of his 2003 businesses, based at an address in the British Virgin Islands, was called Chasseur Wilshire Ltd. At one time, that startup company had a small office at 11999 Katy Freeway in Houston.

So maybe he’s an ambitious entrepreneur, or maybe he’s that other thing that involves extensive use of post office boxes and shell companies.Here’s a look at what he was trying pull off last time, from an old Houston Press article in ’95.

Chris Ladd is a Texan living in the Chicago area. He has been involved in grassroots Republican politics for most of his life. He was a Republican precinct committeeman in suburban Chicago until he resigned from the party and his position after the 2016 Republican Convention. He can be reached at gopliferchicago at gmail dot com.

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13 comments on “Steve Stockman is Finally Getting the Attention He Deserves
  1. geoff1968 says:

    If the market wasn’t there he (Stockman) wouldn’t win. That’s the problem. His pitch connects with the audience he’s delivering it to. I’ll have to admit that the psy-ops tactics used by the right are brilliant, but they’re also evil. The left doesn’t really have an effective counter to the 24-7 wall to wall programming available through the, ahem, conservative media.

    I used to ID as fiscal/social conservative, and then they changed the definition. Now I’m, apparently, a moderate, but that’s only because the party middle has shifted so far to the right. We’ll see what they roll out for 2014 shortly. I suspect it will be a truly wretched and bankrupt offering. Am I now part of the group of voters that the partisan system wants to suppress?

  2. rightonrush says:

    Stockman/Gohmert 2016 😝

  3. GG says:

    LOL at the herpes comment.

  4. Craig says:

    I’ll take Mail Fraud for $1000, Alex.

  5. kabuzz61 says:

    Chris, you democrats lost the ability to be indignant with Pelosi, Rangle and others. As far as believe, I think most are crooks and liars. Both parties.

  6. Turtles Run says:

    In other words he is Tea Party material.

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