Tim Sheehy Used Gallatin County Bond To Pay Investors – Who Are Also His Top Campaign Donors
FOR IMMEDIATE RELEASE
Tuesday, August 20, 2024
CONTACT
rehm@mtdems.org
Helena, MT – Shady Sheehy secured a $160 million Gallatin County bond to fund planes and hangars, but instead used $134 million of the bond to pay his company’s rich out-of-state investors – who are also his campaign’s top donors, NBC News revealed.
The Blackstone Group, the primary recipient of the Gallatin County bond, was one of the first investors in Sheehy’s company. But, after Sheehy paid his Blackstone investors the majority of the Gallatin County bond, the company is now cashing out and bailing on the company.
Stephen Schwarzman, one of the billionaire Blackstone founders, has poured cash into Sheehy’s campaign and super PACs supporting Sheehy, including $5 million for the More Jobs, Less Government PAC that is spending millions on Sheehy’s behalf.
SEE ALSO:
Washington Post: Montana GOP Senate candidate touts his business. It’s losing millions; Billings Gazette: Tim Sheehy vacates leadership roles at Bridger Aerospace; Montana Free Press: U.S. Senate hopeful’s company reported losses of more than $77 million in 2023; Daily Montanan: Tim Sheehy’s former employees sue over alleged breach of contract; NBC Montana: Unpacking criticism of Sheehy’s blind trust pledge; Bloomberg Gov: Key GOP Senate Recruit Seeks Job Overseeing His Largest Customer; Daily Beast: GOP Star Tim Sheehy Forgot to Mention the Family Money in His ‘Self-Made’ Success Story
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