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(Tax cheat) Rangelís Financial Disclosures Omitted Data Over 30 Years, a Report Says
NY Times ^ | 2/04/09 | DAVID KOCIENIEWSKI

Posted on 02/04/2009 8:30:43 PM PST by Libloather

Rangel’s Financial Disclosures Omitted Data Over 30 Years, a Report Says
By DAVID KOCIENIEWSKI
Published: February 4, 2009

Representative Charles B. Rangel’s financial disclosure forms had at least 28 omissions in the past 30 years and failed to account for what became of more than $239,000 in assets, according to a report issued Wednesday by a private government-ethics group.

Despite Congressional rules that require members to list the purchase or sale of any assets, Mr. Rangel accumulated from $239,026 to $831,000 in assets that were not listed in subsequent reports, according to the report by the Sunlight Foundation, a nonpartisan group that advocates greater transparency by elected officials.

**SNIP**

In some cases, Mr. Rangel listed assets without stating when he acquired them. For instance, his disclosure form for calendar year 2006 lists 13 mutual funds with values from $54,013 to $286,000 but omits any acquisition date.

**SNIP**

Mr. Boehm said that after he became concerned that the congressman may not have reported all the rental income from the Dominican villa, he discussed the matter with a Post reporter. Mr. Boehm said he helped the reporter later with articles about Mr. Rangel’s joining an overseas trip that had been underwritten by corporate donors and about his use of a homestead tax credit in the District of Columbia that members of Congress are expressly forbidden from claiming.

“All we have asked of the congressman is to tell the truth,” Col Allan, editor of The Post, said on Wednesday. “We stand by our reporting.”

(Excerpt) Read more at nytimes.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: cheat; corruption; data; democrats; perp; rangel; taxcheat; taxcheatparty; taxcheats
Chalie needs to resign and face a judge...
1 posted on 02/04/2009 8:30:43 PM PST by Libloather
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To: Libloather

I think Charlie needs to lawyer up.


2 posted on 02/04/2009 8:31:33 PM PST by neodad (USS Vincennes (CG 49) "Freedom's Fortress")
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To: Libloather

One by One....we need to take the CROOKS DOWN!


3 posted on 02/04/2009 8:35:21 PM PST by goodnesswins (Tell the truth - GOEBBELIZATION (propaganda) is what many voters suffer from.....)
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To: Libloather
adam clayton powell must have left charlie the play book.
4 posted on 02/04/2009 8:36:05 PM PST by stylin19a (Obama - the asterisks administration)
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To: Libloather

Say what?


5 posted on 02/04/2009 8:37:32 PM PST by bergmeid (Watchin' Obrother self-destruct)
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To: Libloather

And yet ANOTHER example of an anti-truth, anti-freedom, anti-life Democrat Crime Syndicate member. Do his crickets-chirping Republican friends have any comments?


6 posted on 02/04/2009 8:40:24 PM PST by PGalt
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To: Libloather
Chalie needs to resign and face a judge... Photobucket

I'm sure after nap time he'll get right on that.

7 posted on 02/04/2009 8:41:03 PM PST by voteNRA
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To: voteNRA

8 posted on 02/04/2009 8:43:10 PM PST by dfwgator (1996 2006 2008 - Good Things Come in Threes)
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To: Libloather

Charlie, you have the right to remain silent...


9 posted on 02/04/2009 8:45:38 PM PST by gwilhelm56 (MULLAH HUSSEIN - which part of "Congress shall make no Law" - do you NOT UNDERSTAND??)
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To: Libloather

I wonder if the Rostenkowski cell is available?


10 posted on 02/04/2009 8:46:46 PM PST by RobinOfKingston (Democrats, the party of evil. Republicans, the party of stupid.)
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RAW DATA: Text of Resolution to Remove Rangel From House Panel
FOXNews.com
Wednesday, February 04, 2009

RESOLUTION:

**SNIP**

WHEREAS, The New York Times reported on September 6, 2008 that, “Representative Charles B. Rangel paid no interest for more than a decade on a mortgage extended to him to buy a villa at a beachfront resort in the Dominican Republic, according to Mr. Rangel’s lawyer and records from the resort. The loan, which was extended to Mr. Rangel in 1988, was originally to be paid back over seven years at a rate of 10.5 percent. But within two years, interest on the loan was waived for Mr. Rangel.”; and,

**SNIP**

WHEREAS, Representative Rangel’s failure to disclose the aforementioned gifts and income on his Personal Financial Disclosure Statements violates House rules and federal law; and,

**SNIP**

WHEREAS, The New York Times reported on November 24, 2008 that, “Congressional records and interviews show that Mr. Rangel was instrumental in preserving a lucrative tax loophole that benefited [Nabors Industries] an oil drilling company last year, while at the same time its chief executive was pledging $1 million to the Charles B. Rangel School of Public Service at C.C.N.Y.”; and,

**SNIP**

WHEREAS, Roll Call newspaper reported on September 15, 2008 that, “The inconsistent reports are among myriad errors, discrepancies and unexplained entries on Rangel’s personal disclosure forms over the past eight years that make it almost impossible to get a clear picture of the Ways and Means chairman’s financial dealings.”; and,

**SNIP**

WHEREAS, nearly five months after Representative Rangel pledged to provide a public forensic accounting of his tax and federal financial disclosure records, he has failed to do so; and,

http://www.foxnews.com/politics/2009/02/04/raw-data-text-resolution-remove-rangel-house-panel/

11 posted on 02/04/2009 8:47:37 PM PST by Libloather (February is Liberal, Leftist, Marxist Awareness Month.)
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To: dfwgator
LOL

"Enemy of the people" indeed!

12 posted on 02/04/2009 8:47:46 PM PST by voteNRA
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To: goodnesswins

If MULLAH OBAMA keeps going at this rate, One Tax cheat after another... and few more keep PAYING UP .. he might take care of this Deficit after all!!

/s


13 posted on 02/04/2009 8:49:13 PM PST by gwilhelm56 (MULLAH HUSSEIN - which part of "Congress shall make no Law" - do you NOT UNDERSTAND??)
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To: neodad

God willing, Charlie is in deep doo doo!!! May he drag all the rest with him.


14 posted on 02/04/2009 8:53:13 PM PST by ExTexasRedhead
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To: Libloather

An out and out criminal offense. To date, cabinet nominees have been allowed to pay their tax and either get confirmed or quietly withdraw. Here is a case for prosecution. If he is not prosecuted, we all knows where Obama stands and its a free for all of tax evasion.


15 posted on 02/04/2009 8:53:58 PM PST by spyone (ridiculum)
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To: Liz
Rangel faces questions about book royalties
By Susan Crabtree
Posted: 02/04/09 04:34 PM [ET]

Rep. Charles Rangel (D-N.Y.) is facing new questions about why he has not disclosed any royalty income on his 2007 memoir … And I Haven’t Had a Bad Day Since: From the Streets of Harlem to the Halls of Congress.

The Sunlight Foundation, a nonprofit, nonpartisan advocate for government transparency, wants to know why the chairman of the powerful Ways and Means Committee has failed to report royalty income and has not voluntarily disclosed details of his book contract.

Sunlight senior fellow Bill Allison noted that Rangel’s book has already been published in paperback form, usually a sign that the hardback version sold enough copies to merit a second publishing. Rangel’s contract is with Thomas Dunne Books, a subsidiary of MacMillan.

While House ethics rules don’t require the public disclosure of book contract details, they do require members to report all outside income, including book royalties. The threshold for reporting is $200 for outside earned income.

Allison said former Speaker Dennis Hastert (R-Ill.) and other prominent lawmakers have made their publishing deals public to avoid any appearance of impropriety.

“Before the book came out he should have announced the arrangements he made with the publisher,” Allison argued.

Since 1995, House rules have prohibited members who pen books from receiving advances. The rules, however, allow regular royalty payments if the ethics committee approves the book deal beforehand.

Rangel left out any reference to the autobiography on his financial disclosure forms so it’s unclear whether he received any money for an advance or in royalties, or whether the ethics committee approved the deal. The ethics committee and individual members often correspond privately, so the committee may have given him the go-ahead.

http://thehill.com/leading-the-news/rangel-faces-questions-about-book-royalties-2009-02-04.html

16 posted on 02/04/2009 8:54:14 PM PST by Libloather (February is Liberal, Leftist, Marxist Awareness Month.)
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To: gwilhelm56

Liberal politician thy name is corruption.


17 posted on 02/04/2009 8:56:13 PM PST by ExTexasRedhead
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To: gwilhelm56

YES...we need to AUDIT every Senator, Rep, Cabinet member.


18 posted on 02/04/2009 8:58:02 PM PST by goodnesswins (Tell the truth - GOEBBELIZATION (propaganda) is what many voters suffer from.....)
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To: Libloather

Under the jail, you or I would be.


19 posted on 02/04/2009 8:58:41 PM PST by denydenydeny (People in dictatorships long for truth while pampered, decadent people in the West long for myth.)
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To: Libloather

what good is a disclosure form, if they don’t disclose and no one to authenticate it?


20 posted on 02/04/2009 9:09:53 PM PST by machogirl (not one of Rush's top-ten gal names)
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To: goodnesswins

**YES...we need to AUDIT every Senator, Rep, Cabinet member.**

STARTING with Rangel, Schumer, Gorelick, Raines, FRANK, Dodd, Cuomo,

and we could probably get enough tax money and INTEREST and PENALTIES to cover MOST of the TARP bailouts


21 posted on 02/04/2009 9:23:42 PM PST by gwilhelm56 (MULLAH HUSSEIN - which part of "Congress shall make no Law" - do you NOT UNDERSTAND??)
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To: Libloather
I'm glad to see this scoundrel finally under the microscope. We need to review all of congresses taxes, it should be a stipulation for reelection since we can't seem to have term limits. Then we will have true “Transparency”.
22 posted on 02/04/2009 9:24:11 PM PST by lula ( If con is the opposite of pro, is Congress the opposite of progress?)
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To: Libloather

agreed...
this guy is a scumbag.


23 posted on 02/04/2009 10:06:10 PM PST by TV Dinners (Hope is not a Strategy)
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To: neodad

Charlie will NOT be PUNISHED....EVER! He’s a BLACK DEMOCRAT THUG!


24 posted on 02/05/2009 1:31:29 AM PST by Ann Archy (Abortion.....The Human Sacrifice to the god of Convenience)
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To: dfwgator
Not a bad comparison except that that picture is Marat after he was stabbed to death in his bath by Charlotte Corday.

Hmmmmmmmmnnnnn!

25 posted on 02/05/2009 4:32:51 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: All
Two Americas....

...the ruling class and the rest of us.

26 posted on 02/05/2009 4:35:45 AM PST by Proud_texan (Scare people enough and they'll do anything.)
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To: Liz

Goodtime Charlie FYI ping :)


27 posted on 02/05/2009 4:39:39 AM PST by mewzilla (In politics the middle way is none at all. John Adams)
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To: mewzilla

Thanks for the ping.


28 posted on 02/05/2009 5:30:33 AM PST by Liz (The right to be left alone is the beginning of freedom. USSC Justice William O. Douglas)
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To: All
TALLYING UP THE RANGEL SWINDLE

(1) Democratic chair of the powerful House Ways and Means Committee Rangel took a "homestead" tax deduction meant for year-round DC residents - though he legally resides in New York.

(2) Rangel paid no taxes on his luxe property in the Caribbean;

(3) Has four rent-stabilized apartments (one is a campaign office);

(4) Improperly stored his car in a House parking garage;

(5) The NY Times reported oil-drilling businessman Eugene Isenberg made a $1 million pledge toward building The Rangel School for Public Service at City College of New York. Rangel later preserved a controversial offshore tax loophole that saved millions for Isenberg's company. The Isenberg-Nabors deal is, potentially, far more serious: It reeks of a quid pro quo between Rangel's official duties and fund-raising for his personal project. The Times reported that Rangel held meetings the same day, at the same hotel, with Isenberg to discuss the CCNY project and then with Nabors' chief lobbyist on the tax loophole.

===========================================

Rangel's multiple ties with tax-exempt foundations smell to high heaven. Rangel’s pricey real estate deals are entwined with his financial connections to several tax-exempt entities.

The IRS says the biggest potential for IRS fraud are tax-exempt non-profits doing deals with other tax-exempt non-profits----all posing as do-gooder "foundations" and “charities.” The NY Post reports at least three tax-exempt entities connected to Rangel‘s finances:

(1) The Charles B. Rangel Center for Public Service (Rangel co-opted $2 million via Capitol Hill allocations, plus another $700,000 from Dept of HUD),

(2) The NY Carib News Foundation (organized financing for Rangel’s island-hopping luxe Caribbean trips),

(3) The Ann S. Kheel Charitable Trust---supposedly aids "disadvantaged neighborhoods" gave $440,000 to The Charles B. Rangel Center (the largest single donation in the charity's 4-year history). Theodore Kheel, Esq, VP of Grupo Punta Cana Operating Company, (mortgage holder on Rangel’s luxury villa), donated $17,000 to Rangel's congressional campaigns and $52,000 to a Rangel-run political action committee since 1990, federal filings show. (Ann Kheel is his late wife).

(4) The "tax-exempt Carib News Foundation" subsidized Rangel’s trips to luxury island resorts---perfect places to hide money from the taxman. The published list of known money-laundering havens includes Panama, the Bahamas, the Cayman Islands, the Cook Islands, Dominica, the Marshall Islands, Nauru, Niue, Panama, the Philippines, St. Kitts, Israel, and the Grenadines. Suspected tax havens include Cyprus, Gibraltar, Monaco, and Antigua.

===================================

Suspected tax fraud and tax law violations can be reported here

IRS TOLL-FREE 1-800-829-0433 (You may remain anonymous).

EMAIL OAAG.Tax@tax.USDOJ.gov

29 posted on 02/05/2009 5:31:27 AM PST by Liz (The right to be left alone is the beginning of freedom. USSC Justice William O. Douglas)
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To: All
LAUGH BREAK: "Rangel Rule" Bill Introduced for Tax Cheats
Patriot Room ^ | February 3, 2009 | Bill Dupray
FR Posted on 02/03/2009 5:08:25 PM PST by Bill Dupray

Texas Republican Congressman and former judge, John Carter, has introduced legislation that gives ordinary Americans the same special privileges accorded to Democrat Charlie Rangel and our newly minted Democrat Treasury Secretary Tim Geithner. As long as you pay your back taxes, all fees and penalties will be waived. More . . . (Excerpt) Read more at patriotroom.com ...

Means that if the IRS hassles you, you can just write "Rangle Rule" on your return.

30 posted on 02/05/2009 5:33:22 AM PST by Liz (The right to be left alone is the beginning of freedom. USSC Justice William O. Douglas)
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To: Libloather
"at least two critical stories about him published in The New York Post were based on information supplied by a group financed by conservative Republicans."

Corruption doesn't count if it is exposed by conservative Republicans.

31 posted on 02/05/2009 6:48:18 AM PST by norwaypinesavage (Global Warming Theory is extremely robust with respect to data. All observations confirm it)
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