Skip to comments.(Tax cheat) Rangelís Financial Disclosures Omitted Data Over 30 Years, a Report Says
Posted on 02/04/2009 8:30:43 PM PST by Libloather
Rangels Financial Disclosures Omitted Data Over 30 Years, a Report Says
By DAVID KOCIENIEWSKI
Published: February 4, 2009
Representative Charles B. Rangels 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.
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.
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. Rangels 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 ...
I think Charlie needs to lawyer up.
One by One....we need to take the CROOKS DOWN!
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?
Charlie, you have the right to remain silent...
I wonder if the Rostenkowski cell is available?
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. Rangels 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,
WHEREAS, Representative Rangels failure to disclose the aforementioned gifts and income on his Personal Financial Disclosure Statements violates House rules and federal law; and,
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,
WHEREAS, Roll Call newspaper reported on September 15, 2008 that, The inconsistent reports are among myriad errors, discrepancies and unexplained entries on Rangels personal disclosure forms over the past eight years that make it almost impossible to get a clear picture of the Ways and Means chairmans financial dealings.; and,
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,
"Enemy of the people" indeed!
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!!
God willing, Charlie is in deep doo doo!!! May he drag all the rest with him.
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.
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 Havent 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 Rangels book has already been published in paperback form, usually a sign that the hardback version sold enough copies to merit a second publishing. Rangels contract is with Thomas Dunne Books, a subsidiary of MacMillan.
While House ethics rules dont 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 its 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.
Liberal politician thy name is corruption.
YES...we need to AUDIT every Senator, Rep, Cabinet member.
Under the jail, you or I would be.
what good is a disclosure form, if they don’t disclose and no one to authenticate it?
**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
this guy is a scumbag.
Charlie will NOT be PUNISHED....EVER! He’s a BLACK DEMOCRAT THUG!
...the ruling class and the rest of us.
Goodtime Charlie FYI ping :)
Thanks for the ping.
(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. Rangels 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 Rangels 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 Rangels 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 Rangels 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 Rangels 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).
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.
Corruption doesn't count if it is exposed by conservative Republicans.