Gingrich’s private ventures are going bankrupt


Gingrich Group bankruptcy proceedings, under way in Atlanta, spotlight the remarkable reversal of fortune of the half-dozen organizations associated with Newt Gingrich.
The presidential contender recently ended his campaign $4.8 million in debt. A political nonprofit he headed, American Solutions for Winning the Future, which raised $52 million between its founding in 2007 and its dissolution last July, also ended in debt.
Credit: Newt Gingrich stands with his wife, Callista, as he announces the suspension of his presidential nomination bid in Arlington, Virginia, May 2, 2012. REUTERS/Benjamin Myers

Gingrich’s private ventures are going bankrupt

Gingrich Group bankruptcy proceedings, under way in Atlanta, spotlight the remarkable reversal of fortune of the half-dozen organizations associated with Newt Gingrich.

The presidential contender recently ended his campaign $4.8 million in debt. A political nonprofit he headed, American Solutions for Winning the Future, which raised $52 million between its founding in 2007 and its dissolution last July, also ended in debt.

Credit: Newt Gingrich stands with his wife, Callista, as he announces the suspension of his presidential nomination bid in Arlington, Virginia, May 2, 2012. REUTERS/Benjamin Myers