“Only Republicans are corrupt.”
- Steve at White’s Creek
I’M SHOCKED, SHOCKED TO FIND THAT Charles Rangel has undisclosed assets. “House Ways and Means Chairman Charles B. Rangel, already beset by a series of ethics investigations, has disclosed more than $500,000 in previously unreported assets. Among the new items on Rangel’s amended 2007 financial disclosure report were an account at the Congressional Federal Credit Union worth at least $250,000, an investment account with at least $250,000, land in southern New Jersey and stock in PepsiCo and fast food conglomerate Yum! Brands. None of those investments appeared on the original report, which was filled out by hand and filed in May 2008.”
UPDATE: The real total in previously-undisclosed assets is probably over $1 million:
In 2004, for instance, Rangel reported earning between $4,000 and $10,000 in outside earnings on top of his $158,100 congressional salary. But the amended filings show that after the sale of a property on West 132nd Street, his outside income that year was somewhere between $118,000 and $1.04 million.
The Post revealed yesterday that Rangel is in arrears on New Jersey property taxes — for property that for more than 15 years he failed to disclose to Congress and the public.
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