Rangel’s “Buried” Treasure

Embattled Harlem Rep. Charles Rangel — who is under investigation by the House Ethics Committee — failed to reveal personal assets totaling as much as $780,000 in financial-disclosure reports filed with Congress, records released yesterday show.

Democrat Rangel, the chairman of the tax-writing Ways and Means Committee, submitted corrected documents with the House Clerk earlier this month, more than a year after filing handwritten and wildly inaccurate 2007 disclosure forms that left out a hefty checking account, several sizable investments and land in New Jersey.

The unreported assets included one of Rangel’s most valuable holdings — a checking account at the Congressional Federal Credit Union containing somewhere between $250,000 and as much as $500,000, according to the revised form released yesterday. The forms include only ranges of value and not specific amounts.

Read more: (Charles Hurt, “Charlie’s ‘Buried’ Treasure,” New York Post, 9/02/09)