California Governor Reportedly Failed to Disclose Silicon Valley Bank Ties While Lobbying for Bailout

Business Insider reported that California Governor, Gavin Newsom, failed to disclose his ties with Silicon Valley Bank while lobbying for a bailout. Moreover, the report states that Newsome maintained “substantial personal ties,” to the now-closed financial institution.

Specifically, Newsom is connected to the bank through “personal accounts, three wineries, and his wife’s charity,” according to Insider. Conversely, California laws ban government officials from potentially influencing the decision for which they maintain “a financial interest.”

According to a report from Business Insider, California Governor Gavin Newsom failed to disclose his ties with Silicon Valley bank while lobbying for a bailout. Moreover, the report noted specific connections between Newsome and the bank in the form of a personal account, “three of his private wineries,” and his wife’s charity.

https://watcher.guru/news/california-governor-reportedly-failed-to-disclose-silicon-valley-bank-ties-while-lobbying-for-bailout