Former Maryland Gov. Larry Hogan is trying to win a U.S. Senate seat in deep blue Maryland on the strength of his reputation as a Never-Trump Republican. But a damning new report in Time magazine suggests that Hogan, who put a family member in charge of his real estate firm while he served as governor, resembles Trump more than we knew. Hogan may have been able to use his power as governor to help boost his business in a manner reminiscent of the former president.
Before becoming governor, Hogan was the president and principal owner of a real estate brokerage firm in Maryland. When he entered the governor’s mansion, he neither divested from the firm nor formed a blind trust, as politicians sometimes do to maintain an ethical distance from their assets. Instead, Time reports, he put his brother in charge of his company and made executives at the firm trustees. He reportedly kept abreast of the firm’s financial matters and the location of its real estate projects, and held routine meetings with his company’s leaders.
This matters because Time found that “[o]ver Hogan’s eight years in office, nearly 40% of the competitive affordable housing awards overseen by the governor went to developers listed as clients” on his company’s website, according to a review of public records. According to the magazine, those awards “were concentrated among six developers who competed against more than 60 other companies during that time.” Time found no record of Hogan’s recusing himself from decision-making or the oversight of decision-making that could affect his assets; nor did his office provide examples of any such recusals. Time noted that, according to historians of the state, Hogan’s tenure marks the first time that a Maryland governor made millions of dollars while in office.
Hogan’s set-up generated, at the very least, the appearance of a conflict of interest and appears to have potentially allowed him to use the governor’s mansion to enrich himself.
The legality of this situation is confusing. Hogan’s trust arrangement was approved by the Maryland State Ethics Commission, Time reports. “Gov. Hogan adhered to a legally-binding Trust Agreement, approved by the independent State Ethics Commission, that prohibited his participation in any matters related to his business,” Michael Ricci, a former state official and Hogan spokesman, said in a statement to Time. But, according to the magazine’s report, in practice Hogan did participate in matters that affected his business. And Maryland public ethics law “prohibits government officials from taking part in decisions in which they or a close relative have a known financial interest, or if the decision could reasonably be expected to ‘result in a conflict between the private interest and the official State duties of the official.’” Several government watchdogs told Time that Hogan’s failure to recuse was an outright conflict of interest. Others say it warrants investigation. Sen. Jamie Raskin, D-Md., posted on X: “What’s going on here?”








