SpotlightPA Chastises Congressional Candidate Brooks For Hypocrisy Regarding Stocks

In January, I wrote about the personal finances of the candidates who are seeking the Democratic nod in this year's Pa.7 Congressional race. I was really puzzled by the financial disclosure that candidate Robert Brooks filed, and said this: 

Robert Brooks. -  reports assets and unearned income of at least $963,000. This includes a residential rental property valued at between $250,000 and $500,000 and the stocks in multiple mutual funds.  He reports salaries of $20,000 from Bethlehem and $50,000 from the Pa Professional Firefighter's Ass'n, as well as business income of $15,000 from his lawn care business. 

He reports debt of between $380,000 and $850,000 based on a residential mortgage, an investment property mortgage, and outstanding debt to Darrell and Linda Crook. He failed to list a $130,000 judgment owed to Carol Wiley, his former mother-in-law, since 2022. 

A title search of Northampton County records reveal that Brooks owns no real estate under his own name, nor is there any recorded mortgage in which he is listed. 

Something is very fishy about Brooks' disclosure.

I am not the only one confused.  SpotlightPa has published a story that notes that, while Brooks likes to portray himself as a "working-class fighter" who is sick of Congressmen getting rich by trading stocks. But his disclosure reveals that he and his current wife have quite the portfolio. Here's an excerpt:

Of U.S. immigration law enforcement, Brooks writes in his campaign platform: “In America, we don’t send masked men to kidnap people off the street and throw them into unmarked cars. It’s bullshit and un-American.” Brooks’ wife owns up to $1,000 worth of stock in government contractor Palantir, a company co-founded by Republican megadonor Peter Thiel that provides technology to Immigration and Customs Enforcement to find and deport undocumented immigrants.

Regarding Americans staying healthy, Brooks writes: “No more lining the pockets of insurance and drug company bosses. Healthcare should work for people.” Brooks or his wife owns stock in several pharmaceutical and health insurance companies, including drugmaker AbbVie (up to $1,000), pharmaceuticals and medical products distributor Cardinal Health (up to $15,000), insurance company Elevance Health (up to $15,000) and insurance company Humana (up to $1,000), according to his financial disclosure.

In a statement to NOTUS, Brooks’ campaign manager Jenna Kaufman said Brooks has never personally traded stocks — the couple uses a professional investment management firm to steer their stock holdings, according to Brooks’ financial disclosure.

“Once in Congress, neither he nor his wife will own individual stocks,” said Kaufman, who did not answer questions about the couple’s personal investment philosophy or indicate whether Brooks and his wife would divest of their individual stock holdings in the meantime.

Among other stocks owned by Brooks or his wife: shares of Chevron, Meta, Nvidia and Tesla. Brooks and his wife together also own between $2,000 and $30,000 worth of stock in Amazon.com, which has faced accusations of illegal union busting and formal complaints alleging as much.

Brooks’ exact net worth is unclear, as congressional candidates are only required by law to list the values of their assets and liabilities in broad ranges, such as “$1,001 to $15,000” or “$50,001 to $100,000.”

Taken together, Brooks and his wife could be worth as little as about $148,000 and as much as $3.89 million, according to a NOTUS analysis of more than 220 individual assets and liabilities Brooks disclosed on Jan. 28.

Brooks' campaign refused to make him available for a SpotlghtPA interview.

There are three candidates who appear to have no stocks. One is Ryan Croswell, a Republican-turned-Democrat who moved into the Lehigh Valley for the express purpose of running for Congress. A second is Aiden Gonzalez. The third is incumbent Republican Ryan Mackenzie.