Balgarianovinite.com
Christina Clement, a candidate for Senate in Georgia, reporting loan her campaign $50 million. (Photo from campaign website)
A write‑in Senate candidate in Georgia who reported loaning her own campaign more than $50 million has drawn a warning letter from the Federal Election Commission saying the filing may be inaccurate and reminding her that knowingly submitting false information can carry civil or criminal penalties.
In its most recent quarterly filing, Christina Clement’s campaign stated that she loaned it nearly $50.3 million – a staggering sum 10 times greater than any other self-loan listed in the FEC database for the current election cycle. The agency responded with an April 28 letter saying the report may not be “true, correct or complete” and reminding her that she could face fines or referral for false filing.
The FEC on Friday then removed the loan entry from its searchable online database and placed it in a separate repository for miscellaneous documents on the committee’s page, agency spokesperson Myles Martin said.
Clement said the filing reflects a complex valuation of a license to her own currency-related intellectual property and referred OpenSecrets to a website describing the “LND” monetary unit, but did not provide evidence that any funds were deposited into the campaign’s account. In its May 5 response to the FEC, Clement’s campaign said the committee assigned a fair market value to the license that “reflects the scope of use, supporting research and the overall body of work associated with the intellectual property.”
The letter surfaced as OpenSecrets examined self‑funding patterns in the four years since the Supreme Court struck down a provision limiting how much of a candidate’s personal loan could be repaid with money raised after Election Day. In FEC v. Ted Cruz for Senate – decided May 16, 2022 – the court’s conservative majority eliminated the $250,000 cap on post-election loan repayment, a change experts say has encouraged larger and more frequent self‑loans.
In response to an OpenSecrets inquiry, Martin pointed to the agency’s internal procedures for reviewing “potentially inflated receipts” by self‑funding candidates, a category that includes unusually large or implausible loans. He also noted that, as part of that process, filings deemed unverified or potentially false are moved to the commission’s “False and Fictitious Filings” section, where they remain public but are excluded from its searchable database and campaign finance statistics as a way of maintaining the accuracy of the FEC’s verified records. And while the agency has lacked a quorum of commissioners for more than a year, Martin said that has no effect on this type of review because the procedures were approved when it did have one.
While FEC records show Clement is a Republican, her name does not appear on the ballot for the May 19 Georgia primary. Clement describes herself as the leader of the State of Loc Nation, an “indigenous sovereign entity representing Afro-descended people and historically marginalized communities,” and claimed to have access to $2 billion in funds when she announced her Senate bid in August 2025.
In its quarterly filing dated March 31, the campaign – the State of Loc Nation for Clement for Senate – reported $50,248,695.59 in cash on hand and an unsecured loan from Clement totaling $50,250,000. The loan was incurred Jan. 1 with a 0% interest rate and is due on demand. The FEC document – which uses a Delaware mailing address – also shows $930 in contributions and $2,234.41 in expenditures.
Clement’s response to OpenSecrets included a set of self‑prepared notarized documents asserting that the campaign’s reported $50.25 million “loan” reflects the value of a limited non‑exclusive license to her own intellectual property – a framework she calls “LND” and describes as “the official Black dollar.” The documents assign multimillion‑dollar values to various components of that IP and characterize the total as a candidate loan under federal regulations. But they do not include any evidence showing that $50 million was ever deposited into the campaign’s account. Nor do they demonstrate the existence of liquid funds corresponding to the amount reported to the FEC. Clement’s reference to the website came in response to a follow-up email from OpenSecrets asking whether the reported loan amount was deposited into the campaign’s account.
The campaign’s response to the FEC also included an acknowledgement of an additional $900 in previously unreported itemized contributions received in March.
John Martin, an election law scholar and assistant professor of law at Quinnipiac University who has studied candidate self-loans, identified two plausible explanations for Clement’s filing: It’s a typo, or it’s fabricated.
“I don’t know Ms. Clement’s motives, but I would say in an era where someone can use third-party contributions to pay off their self-loans – and attached interest – I wouldn’t be surprised if somebody forged a self-loan to profit off third-party contributions,” Martin said in an email to OpenSecrets. “Unfortunately, the process for reporting something like this to the FEC is not simple – since you need to notarize your complaint – so a candidate could potentially get away with such a scheme.”
The FEC’s letter states that Clement “may have failed to include the true, correct or complete itemization of receipts and/or disbursements” on the filing. It also notes that the commission may report apparent violations to law enforcement and that the signer of the form – Clement, also listed as the group’s treasurer – may face civil penalties and referral if it determines she knowingly filed false information.
The amount of Clement’s reported loan dwarfs all others in the FEC database: Six self-loans of $5 million were listed, including two by former Rep. David Trone (D-Md.) to his campaign, David Trone for Maryland Inc. Trone, who founded the Total Wine & More chain of superstores before becoming the top self-funding candidate in the 2024 cycle, spent more than $62 million of his own money that year in his failed Senate bid, according to OpenSecrets data. FEC records show he made 31 self-loans before that year’s primary totaling more than $62 million.
Georgia Senate candidate reports $50M self-loan; FEC issues warning letter 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-05-15 15:15:37 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law