As if his unveiling as the secret client of Trump attorney Michael Cohen was not scandal enough, Fox News personality Sean Hannity has been outed again -- this time as a secret co-owner of a company he has routinely promoted on his show, website, and social media.
For months, Fox News’s Sean Hannity has promoted Henssler Financial and its Principal and Managing Director, Bil Lako. Hannity has featured articles from Lako on his website, and had Lako appear as a special guest on his radio show. Describing Lako as a “good friend”, and his “financial adviser”, Hannity failed to disclose that he stood to financially benefit from promoting Henssler.
Corporate documents and U.S. Securities and Exchange Commission (SEC) records have revealed that Hannity is secretly a co-owner of Henssler Financial’s affiliate, Henssler Capital. His advertisement of the financial advisory firm came as the group sought and received millions of dollars in funding from investors.
According to Henssler Financial’s 2018 list of affiliates, the owners of Hensler Capital are Dr. Gene, Mr. William G. Lako, Jr., Mr. Christopher E. Reeves, and SPMK II, LLC.
Where Hannity’s name would be, were he not trying to keep himself secret, is the shell company SPMK II, LLC.
Shell companies such as the one managed by Hannity are typically able to keep their beneficiaries secret, however when a company enters into a Limited Partnership, the representative of the company must sign official documentation. In 2007, Hannity certified to the Georgia Secretary of State that he is the Manager of the General Partner SPMK II.
Records show that in 2018 the firm’s authorized representative was Christopher E. Reeves, a lawyer who is one of the other co-owners of Hessler Capital. The Sean Hannity Foundation is registered to the same address as SPMK II, 3735 Cherokee Street in Kennesaw, Georgia, which corresponds to Reeves’ law firm.
Hannity began promoting Henssler and Bil Lako in January of this year, which happens to coincide with a Henssler fundraising campaign.
Days after Lako was featured on Hannity’s radio show, Henssler filed a report with the FEC stating that they had raised $13 million from the time period stretching January 31-February 15. The identities of the investors remains confidential.
The free advertising of Henssler as it was in the middle of a round of fundraising, while failing to disclosure his personal involvement, raises serious questions about Hannity’s ethical standards.