Columbus, OH – New reporting from the Associated Press found that Bernie Moreno is “heavily invested” in and profited off of a scheme with his brothers by funneling U.S. taxpayer money into banks that financed projects his family oversaw. This is the latest example of Moreno’s record using his “deep political connections” to enrich himself while taxpayers pay the price.

Bernie Moreno’s Family Enrichment Scheme Explained:

• From 2005 – 2020, Bernie Moreno’s brother Luis Alberto Moreno served as president of the Inter-American Development Bank (IDB), “the largest source for long-term financing in Latin America and the Caribbean” which is funded by U.S. taxpayer dollars.

• At the same time, Roberto Moreno, another Moreno brother, served as the President and Co-Founder of Amarilo Construction, “one of Colombia’s largest builders of affordable housing.”

• According to the AP, “corporate records show” that under Moreno’s brother’s leadership, the IDB “loaned or underwrote bonds totaling $360 million to two private Colombian banks” that then financed Amarilo development projects overseen by the Moreno family.

• Bernie Moreno’s personal financial disclosure shows he is “heavily invested” in Amarilo, has up to $1.5 million invested in two funds associated with the scheme, and is a “majority owner” of a parcel of land worth up to $5 million with ties to the scheme.

Following The AP’s Report, Moreno Must Answer:

1. How much money do you have invested in Amarilo and the two Yellowstone Capital Partners investment funds?

2. Will you make the details of your investments in Amarilo and Yellowstone Capital Partners available for Ohioans to see?

3. Have you profited off of U.S. taxpayer dollars being funneled towards the property you are a “majority owner” of in Costa Rica?