FROM DC: Rangel lowballed net worth by half

House Ways and Means Committee Chairman Charlie Rangel, D-N.Y., has amended his 2007 financial disclosure forms, adding hundreds of thousands of dollars in previously undisclosed assets.

The news was first reported on the Website of Congressional Quarterly earlier today. The site reports that Rangel filed an amended financial disclosure statement earlier this month to include $250,000 in a Congressional Federal Credit Union, “land in southern New Jersey and stock in PepsiCo and fast food conglomerate Yum! Brands,” CQ reports.

The amended report doubles Rangel's net worth reported in the original form filed in 2008.

Rangel holds the gavel of the House tax writing panel. He is under investigation by the House ethics committee for failing to pay back taxes and suspicion of engaging in a pay-for-play scheme involving donations to a school named after him. Ethics is also probing a trip Rangel took to the Caribbean with other members of the Congressional Black Caucus. Democrats put a fellow members of the Congressional Black Caucus in charge of the Caribbean investigation.
 

Beltway ConfidentialUS

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Health care workers in the intensive care unit at Providence Saint John’s Health Center in Santa Monica, with Alejandro Balderas, a 44-year-old patient who later died. Even in California, a state with a coronavirus vaccination rate well above average, the number of people hospitalized with COVID-19 has nearly doubled in the past two weeks, according to a New York Times database. (Isadora Kosofsky/The New York Times)
Why COVID took off in California, again

‘The good news is: The vaccines are working’

Students practice identifying species in the school garden at Verde Elementary in Richmond during summer camp. (Photo courtesy of Verde Elementary)
Reading, writing and bike riding: How schools spent summer helping students recover from pandemic

By Sydney Johnson EdSource Bicycles typically aren’t allowed on the blacktop at… Continue reading

The San Francisco Public Utilities Commission launched a pilot program that offers up to 90 percent discounts on water and sewer bills for eligible customers. (Andri Tambunan/Special to ProPublica)
How does 90% off your water bill sound? Here’s who qualifies

The San Francisco Public Utilities Commission announced this week it is launching… Continue reading

Unscrupulous, boundary-pushing executives seem to be an inescapable part of the most exciting technology. (Timo Lenzen/The New York Times)
Why tech innovation invites a breed of unscrupulous hucksters

By Shira Ovide New York Times I’m angry about startup founders who… Continue reading

Most Read