Helena, MT – Two bombshell investigations from this weekend revealed the series of lies and shady decision-making that led to Tim Sheehy’s company bleeding cash – even as he campaigns on his record as a successful businessman.

Here’s what you need to know about NBC News and the Washington Post’s reporting: Sheehy “points to his job creation and entrepreneurial skills as among his qualifications for the Senate [...] Recent events, however, raise questions about his firm's viability and its efforts to get government contracts.”

1. Bridger Aerospace falsely certified itself as a “socially and economically disadvantaged company” in “seeking to win contracts.”
    

2. The vast majority of a Gallatin County bond Bridger Aerospace secured – $134 million of the $160 million – ended up going to paying investors, even though it was marked to go to funding planes and hangars.
    

3. The largest investor in Sheehy’s company, Blackstone, is now cashing out and bailing on the company – and bankrolling Sheehy’s campaign.

This is not the first time that Sheehy has received scrutiny for his business practices. Previous reporting has also detailed how Sheehy lied about "bootstrapping" his business, and how his heavy reliance on government contracts could create conflicts of interest.
 

SEE ALSO:

Billings Gazette: Tim Sheehy vacates leadership roles at Bridger Aerospace; Montana Free Press: U.S. Senate hopeful’s company reported losses of more than $77 million in 2023; Daily Montanan: Tim Sheehy’s former employees sue over alleged breach of contract; NBC Montana: Unpacking criticism of Sheehy’s blind trust pledge; Bloomberg Gov: Key GOP Senate Recruit Seeks Job Overseeing His Largest Customer; Daily Beast: GOP Star Tim Sheehy Forgot to Mention the Family Money in His ‘Self-Made’ Success Story