Loan to conservative justice from businessman Anthony Welters – which tax expert says ‘made no logical sense’ – was forgiven in 2008
Loan to conservative justice from businessman Anthony Welters – which tax expert says ‘made no logical sense’ – was forgiven in 2008
This is the best summary I could come up with:
The US supreme court justice Clarence Thomas failed to repay much – or possibly all – of a “sweetheart deal” to borrow more than $267,000 to buy a luxury motor home, a Senate committee found.
On Wednesday, the Times quoted Michael Hamersley, a tax lawyer and congressional expert witness, as saying “‘this was, in short, a sweetheart deal’ that made no logical sense from a business perspective”.
The original RV story came amid a torrent of reports, many by ProPublica, about alleged ethical lapses by Thomas, a conservative appointed in 1991 who has failed to declare numerous lavish gifts from rightwing donors.
Thomas denies wrongdoing but the reports, particularly concerning the mega-donor Harlan Crow, alongside stories about other justices’ undeclared gifts and windfalls, have prompted questions about impartiality on the conservative-dominated court and calls for ethics reform.
As described by the Times, when the loan came due, in 2004, Welters granted a 10-year extension “despite the fact that the previous year Justice Thomas had collected $500,000 of a $1.5m advance for his autobiography, according to his financial disclosures.
Such outcomes remain vastly unlikely but on Wednesday Caroline Ciccone, president of the watchdog Accountable.US, said Thomas had reached “a new low”, the justice going “about business as usual on the supreme court while skirting all ethics standards to cash in on his wealthy friends – to the tune of hundreds of thousands of dollars.
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