Democrat Dirty Laundry: Corrupt Democrat Chairman Rangel At It Again With Failure to Disclose $1M In Earnings

Corrupt Democrat Chairman Rangel At It Again With Failure to Disclose $1M In Earnings

Culture of Corruption Permeating Democrat Congress Grows With Each New Rangel Revelation

SPIN CYCLE: Speaker Pelosi Vowed that Democrats Would Lead the “Most Honest, Most Open, and Most Ethical Congress in History”

“Our goal is to restore accountability, honesty and openness at all levels of government. To do so, we will create and enforce rules that demand the highest ethics from every public servant, sever unethical ties between lawmakers and lobbyists, and establish clear standards that prevent the trading of official business for gifts,” (Nancy Pelosi’s “A New Direction for America, Page 21).

RINSE CYCLE: Notorious ‘Tax Cheat’ Rangel Fails to Report Sale of Million Dollar Harlem Home

“Rep. Charles Rangel failed to report as much as $1.3 million in outside income — including up to $1 million for a Harlem building sale — on financial-disclosure forms he filed between 2002 and 2006, according to newly amended records.

The documents also show the embattled chairman of the Ways and Means Committee — who is being probed by the House Ethics Committee — failed to reveal a staggering $3 million in various business transactions over the same period.

This week, Rangel filed drastically revised financial-disclosure forms reflecting new, higher amounts of outside income and numerous additional business deals that had not been reported when the reports were originally filed.

—

Members of Congress are required to disclose all their assets and outside income in an effort to expose possible undue influences.

Rangel’s office insists the Harlem Democrat did not conceal any outside income from the IRS and is paid up on his taxes.

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.

Another area of wide discrepancy in his financial-disclosure forms is where he’s required to list financial transactions.

Every year between 2002 and 2007, Rangel failed to include all his deals for the year, according to records.

—

Despite the reported sale, city records still show Rangel is the owner of that property.

His nephew, Ralph, who appears to live in the building, wouldn’t answer questions yesterday. Rangel’s office declined numerous requests yesterday for explanation.

The problems with Rangel’s 2004 disclosure report were so glaring that apparently they caught someone’s attention, forcing Rangel to write a letter correcting his failure to fully disclose transactions that year… (“Oops! Charlie Forgot This $1M House,” NY Post, August 28, 2009)

To read the full article, click here: http://www.nypost.com/seven/08282009/news/regionalnews/oops__charlie_forgot_this_1m_house_186849.htm

###