Rep. Jasmine Crockett (D., Texas) owned stocks in at least 25 companies that she did not disclose to the public during her first congressional run in 2022, even though she’d quietly admitted to the holdings the previous year as a Texas state legislator. Crockett also didn’t reveal the stock holdings once she got to Washington in 2023.
The far-left firebrand’s impressive financial portfolio—according to records obtained by the Washington Free Beacon through a public records request—clashes with her image as an eco-warrior and beacon of progressivism. Further, Crockett, a self-described civil rights attorney, was an active stakeholder in the cannabis business—seeking unsuccessfully to open marijuana dispensaries in Ohio—even as she represented, as a defense lawyer, a man accused of murdering someone in a marijuana deal gone bad. Both in the Texas statehouse and in Congress, Crockett has pushed bills to decriminalize marijuana.
The records obtained by the Free Beacon open a window into the personal financial life of Crockett, 44, who says she supports herself. “I have no husband, y’all. Never been married, never been engaged,” she told an interviewer in February, holding up her hands to emphasize the absence of a ring.
The House sophomore’s stock holdings include stakes in several corporations that stood to benefit from actions she’s taken as a lawmaker and legislation she’s introduced in Congress, and others that stand in opposition to the image she’s cultivated as a champion of green energy.
Crockett reported owning a sizable stock portfolio in her last financial disclosure as a Texas state lawmaker covering the 2021 calendar year, with stakes in major pharmaceutical, fossil fuel, technology, automobile, and marijuana firms. But the potty-mouthed progressive, who said Wednesday she is strongly considering running for Senate in Texas, did not disclose owning any of those same stocks in her first congressional financial disclosure, which also covered her financial holdings during the 2021 calendar year.
Twenty-five undisclosed stocks in Crockett’s portfolio include her ownership of shares in Amazon, Johnson & Johnson, AstraZeneca, General Motors, Uber, DuPont, ExxonMobil, American Airlines, AT&T, Aurora Cannabis, Ford, and “Corporate Cannabis,” and “Stocks Worldwide,” the records show. Crockett also reported in her last Texas financial disclosure owing debts of at least $110,000—none of which she divulged in her first congressional financial disclosure covering the same calendar year.
Candidates for Congress are required to file detailed financial disclosures. If victorious, they must file more disclosures when beginning their terms. False or incomplete financial reports can lead to civil and even criminal penalties.
Caitlin Sutherland, the executive director of ethics watchdog Americans for Public Trust, told the Free Beacon that Crockett’s undisclosed stock portfolio and debts raise major conflict of interest concerns, with several of the companies, in particular the firms in the pharmaceutical and marijuana industries, standing to benefit from actions she’s taken in the Texas state legislature and Congress.
“Personal financial disclosure rules are in place to make sure Members of Congress do not engage in conflicts of interest while working for the American people,” Sutherland said. “The concerns surrounding the extreme discrepancies between Representative Crockett’s state and federal financial disclosures are certainly legitimate. If she is found to have improperly reported her assets and liabilities, further inquiry and possible penalties would be warranted.”
Crockett reported that she owned fewer than 100 shares in each of the 25 stocks she reported in her Texas financial disclosure covering the 2021 calendar year but omitted from her congressional disclosure covering the same year. It’s not clear if Crockett still owns shares in those companies—members of the House are only required to publicly disclose their stock holdings that exceed $1,000. Her office did not return a request for comment.
It’s also unclear if Crockett still owes the debts she reported in her last Texas financial disclosure. She reported in that document owing at least $46,580 to both the Texans Federal Credit Union and Wells Fargo at the end of 2021. Crockett also reported to Texas owing between $18,630 and $46,580 to an individual named Ben Babcock. She disclosed none of those debts in her congressional financial disclosure covering the 2021 calendar year.
Crockett’s debt to Babcock may have stemmed from a home she appears to have rented while serving in the Texas state legislature. Crockett’s Texas financial disclosures show her debt to Babcock steadily increased from 2019 through 2021. Meeting minutes of the Dallas City Plan Commission in 2020 and the Dallas City Council in 2021 show that Crockett lived in a home in West Dallas that city tax records show is owned by Ben Babcock. And Zillow property records show the home was rented to a single tenant from 2019 through 2022.
Babcock did not return requests for comment.
During her time as a Texas state lawmaker, Crockett introduced several pieces of legislation that could have provided a boon to her cannabis holdings, including bills that would have decriminalized drug paraphernalia associated with marijuana use and expanded access to medical marijuana in the state. None of those bills became law in Texas, but Crockett continued her marijuana advocacy after she took her seat in Congress, co-sponsoring legislation in August to decriminalize marijuana at the national level.
Crockett maintains personal ties to the cannabis business through Black Diamond Investments, a firm she reported as owning in her latest congressional financial disclosure.
Indeed, the marijuana bills could have provided (or even provide) a personal boon to Crockett. The congresswoman’s official biography portrays her as a crusading civil rights lawyer who represented Black Lives Matter protesters pro bono, but in the years just before her election to the Texas House in 2020, Crockett’s efforts were devoted in part to Black Diamond Investments, a firm which sought, unsuccessfully, from 2018 to 2020, to be licensed to operate marijuana dispensaries in Ohio.
Black Diamond Investments identified Crockett as a 20 percent owner of the firm in a 148-page application it submitted to the Ohio Medical Marijuana Control Program in 2018. The firm disclosed in the application exhaustive business plans for its proposed dispensary, including Crockett’s day-to-day duties as its chief operations officer. Crockett was listed as the only contact for the firm during the application process. At the time, medical marijuana was legal in Ohio, but subject to far more restrictions in Texas, where Black Diamond LLC was based.
Back in Texas, Crockett’s legal work would have given her insight into the harms of the marijuana trade. In 2018, she represented Tyvon Montrel Gullatt, a Texarkana man charged with murder in a marijuana deal gone bad. Gullatt was found guilty and sentenced to life in prison.
Crockett’s “civil rights” work saw her representing plaintiffs in lawsuits against wealthy institutions that could have—or could yet—deliver her multimillion-dollar fees. Appearing live earlier this year on The Breakfast Club, she brought up—and laughed off—internet reports that she is worth $9 million but said she may be in line for some very lucrative fees from long-running civil rights cases she worked on before entering government. If House ethics rules prevent her from taking her cut, Crockett told the Breakfast Club hosts, she’ll quit Congress, take the money, then run again.
As a state representative in 2021, Crockett was also a vocal advocate for COVID-19 vaccine mandates, a policy that provided a boon for the pharmaceutical firms in her stock portfolio that manufactured those vaccines, including Johnson & Johnson and AstraZeneca. She criticized “right-wing nuts” who opposed vaccine mandates in 2021 and has been a vocal opponent in Congress of Health Secretary Robert F. Kennedy Jr.’s vaccine policies, accusing him of playing politics with people’s lives.
Crockett’s undisclosed stock portfolio could also open her up to charges of hypocrisy. She says climate change is an “existential crisis” that hits communities of color the hardest and purports to be a champion of the transition to green energy. But she also omitted from her congressional financial disclosure reports her ownership of stock in ExxonMobil, a fossil fuel giant that has been sued by several liberal state and local governments for allegedly causing climate change.
The post Inside Jasmine Crockett's Secret Stock Portfolio and Failed Attempts To Become a Marijuana Magnate appeared first on .