The Least Transparent FCB Members
Since the Fiscal Control Board (FCB) was imposed by PROMESA to manage Puerto Rico's finances over a year ago, some of their members and employees have never disclosed their financial information.
The only ones who have fully complied with the reporting requirements are Ana Matosantos and the Board's executive director, Natalie Jaresko.
Section 109 of PROMESA reads: 'Regardless of any ethical provisions applicable to the employees of the covered territory, all members and staff of the Financial Oversight Board will be subject to federal conflict of interest and financial disclosure requirements under 18 U.S.C. 208 of the Code of Laws of the United States,' which means they have to disclose their finances.
Some days ago(Thursday), the FCB reported that the financial documents of their members had been updated up to December of 2016. The initial reports only covered up to August of 2016.
Members who have remained silent:
1- José Carrión III, FCB chairman
Submits the longest reports, but without amounts
Did not reveal incomes earned or asset values in February or July
Did not include his spouse's finances either
Submitted quarterly report in June without amounts, although he did disclose transactions over $1,000
2- Elías Sánchez Sifonte, government representative in the FCB
Did not submit detailed information on his income or assets now or in February
Neglected to include his spouse's income
His reports are not certified by the Board's Ethics advisor, Andrea Bonime
3- Jaime El Koury, General Counsel to the FCB
Has not submitted any information
4- Ramón Ruiz Comas, FCB deputy executive director
No information regarding amounts for incomes or assets in February or now
No information for his spouse either
Reports are not certified by the ethics advisor
Submitted partial or incomplete information:
1- Carlos M. García
Did not disclose his incomes, wages or asset values, now or in February
In February, he only reported wages with Banco Santander for a little over $5,000
His spouse's finances are unknown
Although his quarterly report shows security purchases through his Bay Boston Capital LP fund, he did not disclose the amount
2- David Skeel
Failed to reveal some of his earned incomes and asset values in February
He did disclose his spouse's income in February, but not in July
In the July report, he failed to include his wages as a professor at University of Pennsylvania Law School
Outdated information:
1- José R. González
In February, he submitted a complete financial report, including his spouse's incomes, but the information is updated only up to September of 2016
Reports are not certified by the ethics advisor
Rectifications:
1- Andrew Biggs
In February, he failed to provide his spouse's information, but he reported everything in July
2- Arthur J. González
In February, he did not include his spouse's pension, but he included all the information now