A Senate Finance Committee report says Supreme Court Justice Clarence Thomas appears to have only paid interest on a loan before it was forgiven by a wealthy friend.
Washington — Most of a $267,000 loan that Supreme Court Justice Clarence Thomas received from a wealthy friend to buy a luxury RV may have been forgiven, according to Senate Democrats. In 2008, nine years after Thomas' friend Anthony Welters lent him money to purchase a motorhome, the health care executive forgave the balance of the loan, according to a report from Democrats on the Senate Finance Committee.
But Welters forgave the balance of the loan in 2008 'in recognition of the payments made by Thomas which Welters characterized as interest only payments that exceeded the amount of the original loan,' the report said. Welters told Thomas in a handwritten note that he 'did not feel it was appropriate to continue to accept payments even though he had the right to them,' according to the report.
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