Rep. Dean Phillips (D-MN), a vulnerable frontline House Democrat, is invested in a questionable fund in the Cayman Islands, his latest personal financial disclosure forms show.
The investment, revealed on his disclosure forms with the U.S. House and first reported by Business Insider, poses potential issues for the battleground district Democrat who now represents a seat Republicans held for a decade until the 2018 midterm elections.
Phillips, one of Congress’s wealthiest members, took the seat in the 2018 midterms and held it in the 2020 elections. But Republicans consider this district, rated by the Cook Political Report’s Partisan Voting Index as a Democrat-plus-1 voter registration advantage, a true battleground and one they can flip in the upcoming 2022 midterm elections. That’s why, according to the last report from Business Insider’s Dave Levinthal, this Cayman Islands investment is particularly intriguing from Phillips’ latest personal financial disclosure report.