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- Shanahan, Patrick: Alleged violations of RCW 42.17A.710 for failure to accurately and completely disclose personal financial affairs (June 19)
#53342
Patrick M. Shanahan
Michelle Kaplan
On June 13, 2019, the Public Disclosure Commission (PDC) received a complaint alleging the Patrick Shanahan (Respondent), a University of Washington Board of Regents trustee from January 17, 2012 to September 30, 2016, may have violated RCW 42.17A.710 by failing to accurately and completely disclose real property, creditors and intangible personal property on the Personal Statement of Financial Affairs (F-1 report) for the reporting periods of calendar 2014, 2015 and 2016.
PDC staff reviewed the F-1 forms filed by the respondent between April 2012 and May 2017 and determined that he did not disclose his residence and brokerage accounts. However, he has since amended his F-1 reports to reflect the disclosure of both his residence and brokerage accounts.
Based on these findings, PDC staff determined that, in this instance, failure to accurately and completely disclose certain financial information and intangible personal property on the F-1 report by the respondent is a violation that warrants no further investigation.
However, pursuant to WAC 390-37-060(1)(b), the respondent received a formal written warning concerning his failure to disclose his residence on the F-1 report covering calendar year 2014, and for failing to report a broker-managed stock account on the F-1 report covering calendar years 2014 and 2015. The Commission will consider the formal written warning in deciding on further Commission action if there are future violations of PDC laws or rules.
Based on this information, the PDC found no further action and dismissed this matter in accordance with RCW 42.17A.755(1).
Case Closed with Written Warning
June 19, 2019
RCW 42.17A.710
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