Stacey Abrams got special treatment in office and even got wealthy on the taxpayer dime

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Just three years after it was reported that taxpayers bailed out bad loans made by Stacy Abrams’ financial technology company NOW Corp.(previously NOWaccount), the company that Abrams helped start managed to secure $29 million in new financing from a private equity firm in late 2021.

Interestingly, in 2018 Abrams’ net worth was reported to be just $109,000. However, just as NOW Corp.’s fortunes changed in three years, Abrams reported her net worth increased to $3.17 million during the same period.   

While most media reports attribute Abrams’ significant increases in net-worth to speeches and advances for book projects, her investment in Now Corp. has received little attention, even though she still has a financial stake in the company. 

STACEY ABRAMS NOW A MILLIONAIRE AS SHE AIMS TO TAKE GOVERNOR’S OFFICE

What happened with Now Corp. while Abrams was serving as an elected official in the Georgia House of Representatives has been painstakingly pieced together by the Government Accountability Institute, where I serve as a distinguished fellow, through the review of record requests and financial documents.  

Stacey Abrams speaks onstage during the 2021 Robert F. Kennedy Human Rights Ripple of Hope Award Gala on Dec. 9, 2021, in New York City.

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