Rangel’s Tropical Deal
Controversial Rep. Charles Rangel, already under fire for not paying taxes on income from a beachfront villa he owns in a Dominican resort, also got an interest-free mortgage on the sun-soaked property, his lawyer revealed yesterday.
The embattled chairman of the Ways and Means Committee got the mortgage deal along with six other investors in the Caribbean resort, founded by a major campaign contributor.
His lawyer, Lanny Davis, also conceded that the Harlem Democrat didn’t declare about $75,000 in rental income from his lush villa with panoramic ocean views at the Punta Cana Yacht Club.
Read more: (Isabel Vincent and Maggie Haberman, “Charlie’s Tropical Deal,” New York Post, 9/06/08)