CHARLESTON, W.Va. -- The Democratic challenger in the state's race for the U.S House of Representatives 2nd District seat filed a financial disclosure statement with the Federal Elections Commission on Friday.
Howard Swint said he would also file an expense report with the FEC, even though he's not required to do so by federal law because he hasn't raised or spent enough campaign money. Once candidates raise more than $5,000 from contributors, or spend more than $5,000 on their campaigns, they must file statements with the FEC.
Swint faces incumbent Rep. Shelley Moore Capito, whose campaign coordinator has criticized Swint for not filing any financial statements with the FEC during this election cycle.
Swint has asked Capito to reveal the salaries earned by her husband Charles, who has worked for four banks since 2008: Citigroup Global Markets, United Bank, Morgan Stanley and Wells Fargo Advisors, according to her FEC filing.
Capito has not revealed that information -- which federal law does not require her to release -- on her FEC filings.
Swint has alleged that the Capitos benefited from inside information when they traded Citigroup stocks in 2008. Shelley Moore Capito is a member of the House Financial Services Committee. Capito's campaign coordinator, Kent Gates, has called the allegations "absolutely false and without evidence."
Swint's financial statement reported he earned $62,243 from Swint Associates, a real-estate company, in 2011 and $14,249 so far this year.
His wife, Sherry, a WVU Extension Service agent in Kanawha County, earned $37,655 from West Virginia University last year and $43,000 so far this year, including a $700 honorarium from the Commission for National and Community Service, according to Swint's FEC filing.
The FEC form also reported he made between $20,000 and $65,000 from two rental properties he owns in Charleston.
Swint listed several other assets he holds in: bonds, an IRA account, retirement funds and other accounts. But he said he did not make any income from those assets.
On Friday, Swint also said he would file a statement with the FEC even though he has not yet raised $5,000 or spent $5,000 on his campaign.
Last week, Gates said he believed Swint is likely to have already spent more than $5,000, including money to pay the $1,700 filing fee, as well as various campaign expenses.
"Capito files everything," Gates said. "He [Swint] is hiding everything from public transparency."
The FEC does not require candidates for federal office to report personal money used for traveling expenses while campaigning.Reach Paul J. Nyden at pjny...@wvgazette.com or 304-348-5164.