Rangel Discloses $660K More in Assets

New financial disclosure reports filed by Rep. Charlie Rangel (D-N.Y.) show that the veteran lawmaker failed to report more than $660,000 in assets during 2007, a potential violation of House ethics rules.

Rangel, chairman of the powerful House Ways and Means Committee, also had previously stated that he sold a Florida condominium in 2007, but an amended report covering that year – filed in mid-August – now makes no mention of that transaction. It appears that Rangel no longer owns the condo as it is not listed on his 2008 financial report, filed last month.

Read more: (John Bresnahan, “Rangel Discloses $660K More in Assets,” Politico, 8/25/09)