Fraudulent Flippo’s Draft “Financial Disclosure” Raises More Questions than Answers
“It’s still unclear exactly how Flippo accrued the capital to give his campaign a seven-figure loan — funneling more than $2.4 million in total into Congress bids over the last two cycles.” – Nevada Independent
More than three years after David Flippo was legally required to file his personal financial disclosure in his first run for congress in Las Vegas, he now claims to be submitting it “via mail and fax.” “Technical difficulties” notwithstanding, Fraudulent Flippo’s campaign told KOLO they had filed for an extension 13 days ago without providing any evidence. This is yet another pathetic attempt to hide his finances as people across the political spectrum sound the alarm on his lies.
This comes just five days after Fraudulent Flippo was outed for lying about his military record.
Nevada Independent: We finally have David Flippo’s financial disclosure. Here’s what we found.
- David Flippo has invested millions in running for Congress. But … has failed to follow a federal law requiring candidates to share the details of their personal finances.
- Flippo also reported between $580,000 and $1.2 million in debt. The bulk of that comes from an equity line of credit he obtained in April 2024 while he was running in the 4th Congressional District. At that point, he had already given his campaign more than half a million dollars. He lost the primary by 3 points. There is no record of him filing a financial disclosure that year.
- Flippo was late to file the personal financial disclosure that details the source of his wealth and how he could afford to loan his campaign $1.6 million. He also did not file a disclosure form during his 2024 run for Congress, even though he put $785,000 into that campaign.
- While he rents near Reno and searches for a permanent Northern Nevada home, Flippo and his wife still own a house in Las Vegas. A deed shows the couple took out a 30-year mortgage to buy their Lone Mountain home in 2020 for $565,000. At that time, they took out $68,000 of debt, which they repaid after selling their last home, along with a $424,000 mortgage, per Mother Jones. The outlet stated that “sequence suggests that Flippo may have needed the assistance of a bridge loan for his 2020 home purchase.”
- His disclosure lists two loans totaling between $65,002 and $150,000 taken out in April 2025 for “home improvement.” Financing statements confirm these debts, according to Mother Jones.
- It’s still unclear exactly how Flippo accrued the capital to give his campaign a seven-figure loan — funneling more than $2.4 million in total into Congress bids over the last two cycles.
- He does not seem to have been born into unique wealth.
- McShane declined to answer a more detailed list of questions from The Nevada Independent, including about Flippo’s previous earnings.
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