Fox News host Sean Hannity secretly owns part of a financial advisory company he regularly promotes on his radio show and website, it has emerged.
The media personality has named Henssler Financial several times in previous months while inviting its managing director, Bil Lako, to appear on The Sean Hannity Show and write for his website.
Hannity has described Lako as a ‘friend’ and ‘tax expert’ in social media postings to his 6.7 million Twitter and Facebook followers promoting his various appearances, but has not revealed he could benefit financially by promoting his company.
Sean Hannity (left, in New York on April 2) has named Henssler Financial several times in previous months while inviting its managing director, Bil Lako, (right, undated file photo) to appear on The Sean Hannity Show and write for his website
Lako’s most recent contribution to Hannity’s media platforms came in the form of an article criticizing the cost of the special counsel
In fact, the media personality is the manager and co-owner of one of Henssler Financial affiliates, Henssler Capital, reported investigative journalist Scott Stedman writing on Medium.com.
The exposure he granted to Henssler Financial came at the same time the group was involved in a drive to raise millions of pounds from investors.
The company offers a number of services including fund and tax management, insurance and accounting for both individuals and businesses.
Its 2018 brochure contains a list of affiliates, which includes Henssler Capital.
Hannity part-owns Henssler Capital through a shell company called SPMK II, which is based in Georgia.
Shell companies are often able to keep their beneficiaries confidential, but a representative much provide their name if one joins a limited partnership, which it did with Henssler Capital in 2007.
Hannity has described Lako as a ‘friend’ and ‘tax expert’ in social media postings promoting his various appearances, but has not revealed he could benefit financially by promoting his firm
Therefore, Hannity signed a form confirming himself as manager of the general partner SPMK II.
SPMK II is registered to the same address on Cherokee Street in Kennesaw, Georgia, as the Sean Hannity Foundation.
Medium also reports that Henssler Financial applied for a federal exemption to allow it to raise an unlimited amount of funds from an unlimited number of investors.
To secure this exemption the company owner is not allowed to ‘advertise to market the securities’ on threat of a penalty.
Hannity has not commented on the revelations.
In fact, the media personality is the manager and co-owner of one of Henssler Financial affiliates, Henssler Capital. Pictured: the Henssler Financial website
He was recently sensationally unmasked as a secret client of Michael Cohen, President Trump’s personal lawyer who paid porn star Stormy Daniels $135,000 in return for staying silence about an alleged affair with the then real estate mogul.
The Fox News star said he had trivial conversations with Cohen and ‘may have given him ten bucks’ and that he wanted his name kept secret after a judge ordered Cohen’s own attorneys to say who all his legal clients were.
But he denied Cohen performed the services he offered to Trump or his other known client, the disgraced Republican fundraiser who he helped pay $1.6 million to the Playboy model lover who aborted their child.
At a court hearing watched by Daniels herself, Cohen had tried to keep one of his three clients’ names secret, claiming that it would cause the broadcaster ’embarrassment’ or ‘harm’ for their association to be made public.