Politics

August 16, 2012

Pingree files financial disclosure form

By John Richardson jrichardson@pressherald.com
Staff Writer

(Continued from page 1)

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U.S. Rep. Chellie Pingree

Sussman's real estate investments include properties in Portland, Augusta, Saco and Deer Isle. He also owns David's Folly Farm in Brooksville, an organic farm valued at more than $1 million. The report doesn't include Sussman's homes on North Haven and on St. John in the Virgin Islands, apparently because they don't generate income.

Other assets include Magic Carpet Enterprises LLC, the corporate owner of Sussman's private jet. It is valued at over $1 million.

He also has large stakes in biotech and alternative energy companies. The report shows he invested between $250,000 and $500,000 in Maine's Own Organic Milk in February 2011.

Snowe, who will be retiring this year, appears to remain Maine's wealthiest member of Congress. She and her husband are mostly invested in stock mutual funds, bond funds and money market funds.

McKernan had more than $2 million invested in stock and options of Education Management Corp., a Pennsylvania-based for-profit higher education company, according to Snowe's report.

McKernan stepped aside as chairman of the company's board of directors effective Wednesday, although he remains a member of the board.

The company was one of 30 criticized in a recent U.S. Senate committee report accusing the industry of predatory recruiting, high tuitions and high dropout rates.

Staff Writer John Richardson can be contacted at 791-6324 or at:

jrichardson@pressherald.com

 

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