Meeks: $55G in Undisclosed Loans an 'Oversight'

Queens Congressman Gregory Meeks says his failure to disclose $55,000 in personal loans he obtained over the past three years is an “oversight.”

Sunday’s Daily News revealed the Queens Democrat had failed to list on public financial disclosure statements a $40,000 “personal loan” he got in 2007 and one for $15,000 he got in 2008. In a statement to The News, he refused to describe what the loans were for, or their terms and conditions. He also was vague about why he suddenly confirmed the existence of the loans, saying only that he had personally ordered up a “careful and detailed review” of his finances.

“The review was conducted, at my direction, to ensure that I am in full compliance with all financial disclosure requirements of the U.S. House of Representatives,” he wrote. “I failed to disclose my membership in two nonprofit boards and two personal financial liabilities.

Read more: (Greg B. Smith, “Queens Congressman Gregory Meeks: $55G in Undisclosed Loans an ‘Oversight’,” New York Daily News, 06/21/10)