The bankruptcy proceedings of the Center for Health Transformation spotlight the remarkable reversal of fortune of the half-dozen organizations associated with Newt Gingrich, Reuters reported yesterday. When he entered the race for the Republican presidential nomination in May 2011, Gingrich was the prosperous head of a small empire commonly known as Newt Inc, which included both for-profit consultancies and nonprofit foundations. Altogether, these entwined ventures pulled in more than $110 million over the past decade. Now the vestiges of this empire are mired in debt, as is Gingrich's campaign fund.
