Rick Scott and His Wife Finally Disclose Details About Their Investments and Blind Trust

Rick Scott is personally urged by Donald Trump to run for US Senate

By News Service of Florida, via Orlando Sentinel, 4/27/2018:

The “blind trust” holding Rick Scott’s investments is managed by his wife, Ann Scott. In 2017, it sold a Michigan plastics firm to a Japanese company for $825 million. Scott’s campaign says the governor was “not aware of the sale and had no role in the sale.

Rick Scott, the wealthiest governor in Florida history, filed a financial disclosure Friday as part of his campaign for the U.S. Senate that revealed new details on his elaborate finances, including hundreds of investments controlled by his wife.

… Scott said he had placed his finances in a blind trust, which is allowed under state law, to distance any of his decisions as governor from personal investments. Details of the blind trust do not have to be reported under state law.

… The federal disclosure records show details of more than 550 items included in three trust funds and a family partnership controlled by Ann Scott. … Ann Scott also has investments in at least 10 hedge funds, including Hong Kong-based Overlook Partners, which earned her up to $1 million last year, according to the report.

… The federal disclosure showed Scott and his wife own more than $350,000 in stock of NextEra Energy Partners, which is an arm of Juno Beach-based NextEra Energy. Florida Power & Light, the state’s largest electric utility, also is part of NextEra Energy. Scott appoints all the members of the state Public Service Commission, which decides rate cases and other issues for utilities.

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