Rep. Rangel Ommitted Millions From Financial Disclosure Forms

Looks like Charlie was caught once again trying to hide mass amounts of outside income.

OOPS! CHARLIE FORGOT THIS $1M HOUSE : REALTY BITES TAX-THEM-NOT-ME RANGEL

WASHINGTON -- 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.

Hopefully after all this, Charlie is finally thrown off the Ways and Means Committee and given a position in the broom closet, where he rightly belongs.

You're kidding me right!? Another politician who has failed to properly report their income!? Say it ain't so... I mean I thought that all of these guys were above board and reported their business dealings honestly. I'm so disappointed and jaded over this news.

The real question is: What will become of this? The real answer is: Nothing, as usual!

Here's a related article on the same scumbag's financial hidings.

The Absent-Minded Chairman

When normal people happen to "find" their own money, it might mean a twenty left in a winter coat, or discovering change beneath the sofa cushions. But if you're Charlie Rangel, it means doubling your net worth.

Earlier this month the Chairman of the tax-writing Ways and Means Committee "amended" his 2007 financial disclosure form—to the tune of more than a half-million dollars in previously unreported assets and income. That number may be as high as $780,000, because Congress's ethics rules only require the Members to report their finances within broad ranges. This voyage of personal financial discovery brings Mr. Rangel's net worth for 2007 to somewhere between $1.028 million and $2.495 million, while his previous statement came in at $516,015 and $1.316 million.

When you're a powerful Congressman and working diligently to increase tax rates to pay for President Obama's health-care plan, we suppose it's easy to lose track of one of your checking accounts. That would be the one at the federal credit union with a balance somewhere between $250,001 and maybe as high as $500,000. And when you're crunched for time and pulling together bills to pass in a rush, we guess, too, that you might overlook several other investment accounts, even if some of them are sizable, such as the ones Mr. Rangel missed at JP Morgan, Merrill Lynch, Oppenheimer and BlackRock.

This asshat needs to serve some serious jailtime for this!

reply to post by Ferris.Bueller.II


As the old saying goes, the reason that the Democrats like taxes so much is because they never pay their own. Not that the other side is much better, mind you.

Oh well. He'll pay it now that he's been caught and that'll be the last we hear of it. The Dem leadership won't do anything to him.