Rangel Admits to Villa Income

September 5, 2008

Harlem Rep. Charles Rangel admitted that he earned more than $75,000 of undeclared income from a Dominican Republic villa, after The Post exposed his wrongdoing in an exclusive report Sunday.

Rangel has owned the villa at the Punta Cana Yacht Club for 20 years, yet only sporadically declared income to Congress, and never reported it on his federal or state tax returns, his lawyer said.

A Post investigation into Punta Cana found that the sun-drenched beach front “casita” 412 was regularly rented out for up to $1,100 a day, yet Rangel had said he received no income in 2006, 2007 and other years. In other years, he had declared rental income of up to $15,000. He now admits that over 20 years he made at least $75,000 in rental income that he didn’t report.

Read more: (Isabel Vincent, “Rangel Admits to Villa Income,” New York Post, 9/05/08)