Rangel’s Wealth Jumps After Disclosure

CQ Politics ^

[thought]

House Ways and Means Chairman Charles B. Rangel , already beset by a series of ethics investigations, has disclosed more than $500,000 in previously unreported assets.

Among the new items on Rangel’s amended 2007 financial disclosure report were an account at the Congressional Federal Credit Union worth at least $250,000, an investment account with at least $250,000, land in southern New Jersey and stock in PepsiCo and fast food conglomerate Yum! Brands. None of those investments appeared on the original report, which was filled out by hand and filed in May 2008.

According to the original report, Rangel’s net worth was between $516,015 and $1,316,000, while the amended report showed his net worth, as of Dec. 31, 2007, roughly double that amount — at least $1,028,024 and as much as $2,495,000.

Rangel also revised his disclosed investment income from 2007. The original report showed he had received between $6,511 and $17,900, but the new report shows between $45,423 and $134,700.

[Dan(9698)]

Obama is making him rich.

[vetvetdoug]

Rangel is an affirmative action representative, he will get a nice big pass.

[Dr. Bogus Pachysandra]

“Sorry Charlie!”
We need a pic from the tuna ad of the hook with the “Sorry Charlie” written on it!

[IrishCatholic]

It happens all the time to people out beyond the beltway. We call them convicts.

[Oratam]

Zzzzz

[VeniVidiVici]

and stock in PepsiCo and fast food conglomerate Yum! Brands. None of those investments appeared on the original report, which was filled out by hand and filed in May 2008.

Well now this is worth a chuckle or two. Rangel owns stock in Kentucky Fried Chicken (Yum!).

Now let me get this straight; has Chuckie ever had a real job in his entire life or just this congressional gig?

[denydenydeny]

You and I would be under the jail.

[MindBender26]

Net worth of $2,495,000

Not bad on $142,000 a year!

Like Hillary, he must have made some great cattle futures investments.....

Such BS.

[MindBender26]

Net worth of $2,495,000

Not bad on $142,000 a year!

Like Hillary, he must have made some great cattle futures investments.....

Such BS.

[chessplayer]

“Rangel is an affirmative action representative, he will get a nice big pass.”

Pass, hell. He`ll be rewarded for it.

[dalebert]

this just proves how low we have sunk....cant get a crook like this prosecuted....

[StormEye]

"Earlier this year, the Sunlight Foundation found similar problems with Rangel’s previous disclosure reports. According to the group’s analysis, Rangel failed to report purchases, sales or his ownership of assets at least 28 times since 1978 on his personal financial disclosure forms. Assets worth between $239,026 and $831,000 appeared and disappeared with no disclosure of when they were acquired, how long they were held or when they were sold, as House rules require."

Paying federal income taxes and honest reporting of assets is only for stupid suckers; especially if those suckers are just middle class Americans. Fat Cat DemonRATs like that slob Rangel are exempt from the oppresive, confiscatory laws they impose on honest citizens. He'll never get prosecuted for this.

This is just more evidence of a corrupt, out of control Federal Government; a government that is no longer legitmate.

[jmax]

Nazi Pelosi said she was going to “Drain the Swamp”. Problem is that the trash and scum, like Rangel, keeps clogging the drain filter.