Stone-Manning may have violated a code of ethics, federal law, by considering a personal loan in 2008.

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President Biden The candidate for the post of head of the Bureau of Land Management (BLM) appears to have violated Senate ethics and federal law during her tenure as a Congressional staffer.

Tracey Stone-Manning has undergone extensive scrutiny for her connection to Earth First! An eco-terrorist thorn-growing conspiracy, but she also took out a $ 100,000 business loan from a friend while she was serving as Senator John Tester, a resident.

According to her written responses to committee questions following her hearing last month, Stone-Manning received a loan for her business, DB Sound LLC, which her husband “managed,” from Stuart Goldberg, a wealthy Montana developer and donor to Tester, in 2008 to help her business struggling after the market crash.

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The loan was taken at an interest rate of 6%, which is well below the market interest rate, which was around 11% at the time, according to the statement. Federal Reserve Economic Data – with a period of “12 years”.

Following the closure of her business and the downsizing of her family in 2009, Stone-Manning converted the remaining $ 60,000 of Goldberg’s business loan into a personal loan, “paying off in full in 2020.”

However, Stone-Manning also acknowledged in her responses that she did not consult with the Senate Ethics Committee about the loan – Senate ethics rules and federal law requirements.

According to Senate Code of Ethics and federal law, Senate staff can receive gifts of up to $ 250 from friends. Anything over this amount must be disclosed to the Senate Ethics Committee and receive a written exception to the rule that an employee can accept a gift.

Stone-Manning wrote in her responses that she did not consult with the Senate Ethics Committee about the loan and did not disclose the loan to the committee in the first place, stating that she “does not consider the business loan a gift.” “

Both Senate rules and federal law consider a loan a “gift,” except for commercially available loans.

Federal law states that loans are exempt when they are “provided in a commercially reasonable manner (including claims to repay the loan and pay a reasonable interest rate).”

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An exception to the Senate rule states that loans are exempt from taxation if they are “provided by banks and other financial institutions on terms generally available to the public.”

This means that Stone-Manning appears to have violated both federal law and Senate ethics rules from 2008 until she left Tester’s state in 2012.

According to newspaper ads and reports obtained by Fox News, in addition to the $ 100,000 loan when DB Sound closed and participated in “promoting sales,” Goldberg purchased “thousands of dollars” of equipment from DB Sound at wholesale prices after receiving the loan.

Goldberg’s purchases could also have been a “gift” requiring committee disclosure, as those purchases could have given Stone Manning a cash value of over $ 250.

Senator Roger Marshall, a Republican of Canada who approached Stone Manning for a loan during her nomination hearing, set the BLM nominee on fire over the payment and her ties to Earth First!

“Tracy Stone-Manning lied to the committee about her involvement with the eco-terrorists. She also appears to have violated Senate ethics rules and may have violated federal law by accepting a dubious $ 100,000 loan, ”Marshall told Fox News in an email Tuesday.

“President Biden should immediately withdraw her candidacy and put forward her candidacy without a history of financial conflicts or accusations of ecoterrorism,” he added.

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Stone-Manning has yet to provide written documentation of the loan, its terms, payment schedule and other related documents.

The White House did not respond to Fox News’ request for comment on the loan and whether the loan’s ethical concerns could affect its transparency as a BLM director.

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