Posted on October 9, 2009

Wider Ethics Inquiry for Rangel

Raymond Hernandez, New York Times, October 8, 2009

The House Ethics Committee announced on Thursday that it had expanded its investigation into a series of questionable financial dealings made by Representative Charles B. Rangel of New York.

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The investigation was expanded to include amendments that Mr. Rangel made to his House financial disclosure statements in August. The amendments indicated that he had failed to report hundreds of thousands of dollars in income and assets from 2002 through 2006, according to a person with direct knowledge of the investigation.

Assets and sources of income that he omitted include a Merrill Lynch Global account valued at between $250,000 and $500,000, tens of thousands of dollars in municipal bonds and $30,000 to $100,000 in rent from a multifamily brownstone he owned.

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