Clearly feeling the pressure to come clean, the schlockumentary filmmaker took to his blog Thursday to set the record straight - kind of:
Moore went on to explain what he did with his jackpot:
4. What remained went into a simple, low-interest savings account.
I made the decision that I would never buy a share of stock (I didn't understand the casino known as the New York Stock Exchange and I did not believe in investing in a system I did not agree with).
It really is something when a man lies to cover up his lies.
As Schweizer told MSNBC's Joe Scarborough on November 3, 2005:
PETER SCHWEIZER: Well, Michael Moore has said at least half-a-dozen times, I don`t own a single share of stock, because he considers investing in the stock market to be dirty money.
Well, I guess he is technically correct. He doesn`t own a single share of stock.
He owns tens of thousands of shares of stock. And what is interesting is, is looking at the portfolio.
I pulled IRS forms from a tax shelter of his. And he has hundreds of thousands of dollars on the stock market. ...
SCARBOROUGH: are you telling me again that Michael Moore has owned stock in Halliburton?
SCHWEIZER: Yes. That`s what his IRS forms -- and he signed his own IRS forms.
Read more:
After Lying About His Wealth on National TV, Michael Moore Admits He's A One Percenter | NewsBusters.org