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Scott discloses financial information to comply with ethics law

TALLAHASSEE — Gov. Rick Scott on Friday turned over additional details on his personal fortune in order to make sure he is complying with a new state law.

The multimillionaire turned in to the state's ethics commission a list of nearly $74 million assets he placed in a blind trust more than two years ago.

Scott established the trust to remove direct control over his finances and avoid questions of conflicts of interest. But when he set it up, he was not required to disclose what his money was invested in.

A new sweeping ethics law passed this year by the Florida Legislature says that public officials who set up blind trusts now must disclose the initial assets placed in the account.

Scott is not bound by the new law because the Florida Commission on Ethics had previously approved his blind trust.

The filing he turned in Friday shows that the blind trust has declined in value by roughly $1 million between April 2011 and the end of last year.

Scott discloses financial information to comply with ethics law 08/09/13 [Last modified: Friday, August 9, 2013 9:03pm]
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