One said his wife invested and the other said he was given shares, according to the Journal. The Journal didn’t name the North Carolina politicians but reported that it spoke with them. Several former local North Carolina politicians or their relatives also have stakes in King Mountain Equipment Supply, the Journal reported, citing documents it reviewed. They hold stakes in AGS of North Carolina, a company that has a 10.1% stake in King Mountain Equipment Supply, according to the Journal. I don’t get his permission, and I don’t give him mine,” Clyburn told the Journal.Ī high-profile Republican lawyer and a Democratic political operative also hold small stakes, indirectly, in a slot-machine leasing company, which gets 20 cents of every $1 in profits the casino generates from its slot machines, according to the Journal.
Clyburn, who wrote legislation to secure the Catawba’s land in North Carolina, told the Journal that he didn’t care if his brother was making money off legislation he helped enact. Jim Clyburn, were small stakeholders in a company that provided slot machines to the casino and received regular payments from the proceeds of the machines.Ĭlyburn’s congressional office said he was unavailable for comment but that he was not involved in any investigation.
The newspaper reported that relatives of prominent South Carolina politicians, including the brother of U.S. The Wall Street Journal first reported the existence of an investigation.
