Newt Gingrich Jewelry Problems Resurface, More Aides Resign

Written by Michael Lambarde on Jun. 22, 2011

Newt Gingrich has taken out up to $1.5 million in credit at Tiffany’s. After news surfaced last month that the former Speaker of the House under Bill Clinton took out a credit at the famed jeweler between $250,000 – $500,000, his campaign may have taken a hit because as he campaigns to fix one of the leading issues in the upcoming 2012 election — the economy — he seemed out of touch by possibly spending up to half a million dollars between 2005 and 2006.

But today, news surfaced via the Washington Post that Gingrich took out another line of credit from Tiffany’s in early 2010, which reportedly went up as high as $1 million. Gingrich’s spokesperson, Joe DeSantis, defended him saying that it will be released in his financial disclosure filing. “[The filing will] show that the Gingriches had a $500,000 to $1 million line of credit at Tiffany’s, that it has a zero balance, and it has been closed,” DeSantis stated.

In an interview following the initial release of the first credit on May 22, he told Bob Schieffer of CBS’ Face the Nation that he and his wife Callista are “frugal” in their spending. However, for Gringrich, it was possibly the second worst news of the day for him and his campaign. On Tuesday, two of his top fundraising aides called it quits, just weeks after other key members of his team resigned following Gingrich returning from a Greek cruise and putting his campaign on hold, questioning his commitment to his campaign. Sources close to Gingrich note that his fundraising aides may have quit because of news of low fundraising within his campaign.

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