Power Underreported Investments by Nearly $1 Million Ahead of Senate Confirmation, Complaint Alleges

U.S. Agency for International Development administrator Samantha Power in her financial disclosure report significantly underreported the value of her investments, a discrepancy that could have prevented the Senate from accurately vetting her financial records, according to a formal complaint filed with the Office of Government Ethics.

Power lowballed the amount she held in a Cayman Islands-based investment fund by nearly $1 million.

The group is calling on the Office of Government Ethics to investigate the disparity and says Power may have run afoul of ethics laws.

"As the head of a government agency, Administrator Power is expected to be above reproach and to comport to the highest level of ethical behavior," said Matthew Buckham, the leader of the American Accountability Foundation, in a Monday letter to Office of Government Ethics director Emory Rounds.

"Due to the large discrepancy between Ms. Power's initial reporting prior to her confirmation and the report filed at the sale of her assets, we urge the Office of Government Ethics to investigate the matter for any potential misconduct that may have occurred."

"Ms. Power needs to answer whether she had prior knowledge of the value of her asset with The Social+Capital Partnership GP III, L.P. and why she reported it significantly lower than what she obtained from the sale," said Buckham.

As a federal nominee, Power was required to disclose the "Identity and category of value" of any property or investments held in the previous calendar year that has a "Fair market value which exceeds $1,000," according to federal law.

https://freebeacon.com/biden-administration/power-underreported-investments-by-nearly-1-million-ahead-of-senate-confirmation-complaint-alleges/