Rangel Failed to Disclose $500,000 in Assets for ‘07

United States Representative Charles B. Rangel, whose personal finances and fund-raising are the subject of two House ethics investigations, failed to report at least $500,000 in assets on his 2007 Congressional disclosure form, according to an amended report he filed this month.

Among the dozen newly disclosed holdings revealed in the amended forms are a checking account at a federal credit union with a balance between $250,0000 and $500,000; three vacant lots in Glassboro, N.J., valued at a total of $1,000 to $15,000; and stock in PepsiCo worth between $15,000 and $50,000.

Read more: (David Kocieniewski, “Rangel Failed to Disclose $500,000 in Assets for ’07,” The New York Times, 8/26/09)