Sep 22, 2014 2:02 PM
Report: Kansas Senate challenger's assets top $21M
The Associated Press
TOPEKA, Kan. (AP) The independent candidate trying to unseat U.S. Sen. Pat Roberts in Kansas disclosed Monday that he owns assets worth between $21.5 million and $86 million.
Greg Orman, a 45-year-old Olathe businessman, released the 38-page document to reporters after submitting it to the Senate over the weekend to meet disclosure requirements.
The report shows that since the beginning of 2013, Orman and his wife, Sybil, have earned between $917,000 and $4.5 million in income. Most of the assets and income are associated with Orman's business interests.
"These filings highlight Greg Orman's track record of success as a businessman, starting companies and creating jobs," said Orman campaign manager Jim Jonas.
Roberts reported in August that he and his wife own assets worth between $1.6 million and $4 million, with outside income in 2013 of between $83,800 and $260,100.
Orman's report shows holdings in multiple real estate companies with interests in medical buildings, apartments and condominiums. Orman also reports owning a vacation condo unit in Coeur d'Alene, Idaho, worth between $1 million and $5 million, which the campaign listed as an investment property.
He also has interests in energy and personal and commercial loans.
Orman is the co-founder of a private equity firm and his business dealings have come under scrutiny because of his personal and business ties to Rajat K. Gupta, a former Goldman Sachs board member sentenced to federal prison in 2012 for insider trading, one of the biggest catches in a multiyear government crackdown on Wall Street.
Roberts campaign manager Corry Bliss said the disclosure report doesn't answer enough questions about those ties and Orman's other businessman dealings.
"More is expected than the bare minimum requirement Orman released today," Bliss said.
The disclosure form says Orman has a 25 percent stake Exemplar Wealth Management, an Olathe firm, worth between $15,000 and $50,000. Orman and Gupta are listing as two of the three owners of more than 5 percent of the firm in annual reports for 2009 through 2013.
Orman's report also said he served as a director of New Silk Route Advisors, a private, New York-based equity firm from April 2013 to March 2014. Orman was Gupta's representative, but his disclosure firm lists no stake in the company, nor any compensation.
Greg Orman campaign: http://www.ormanforsenate.com/
Pat Roberts campaign: http://www.robertsforsenate.com
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