Monday, October 16, 2006
Sen. Harry Reid Accounts for Shady Land Deal
NewsMax - Senate Democratic leader Harry Reid announced Monday he is amending his ethics reports to Congress to more fully account for a land deal that allowed him to collect $1.1 million for property he hadn't personally owned for three years.
Reid acted several days after The Associated Press reported the senator didn't disclose to Congress that he first sold the land to a friend's company back in 2001 and took an ownership stake in the company. He didn't collect the seven-figure payout until the company sold the land again in 2004 to others.
Reid said his amended ethics reports will list the 2001 sale.
"I directed my staff to file amended financial disclosure forms noting that in 2001, I transferred title to the land to a Limited Liability Corporation," Reid said in a statement issued by his office.
Reid said he believed the 2001 sale did not alter his ownership of the land but that he agreed to file the amended reports because "I believe in ensuring all facts come to light."
Reid blamed the AP story as a "latest attempt" by Republicans to affect the election. AP reported last week that it learned of the land deal from a former Reid adviser who had concerns about the way the deal was reported to Congress.
Reid also announced he failed to disclose two other land transactions on his prior ethics reports and would account for those on his amended reports.
NewsMax - Senate Democratic leader Harry Reid announced Monday he is amending his ethics reports to Congress to more fully account for a land deal that allowed him to collect $1.1 million for property he hadn't personally owned for three years.
Reid acted several days after The Associated Press reported the senator didn't disclose to Congress that he first sold the land to a friend's company back in 2001 and took an ownership stake in the company. He didn't collect the seven-figure payout until the company sold the land again in 2004 to others.
Reid said his amended ethics reports will list the 2001 sale.
"I directed my staff to file amended financial disclosure forms noting that in 2001, I transferred title to the land to a Limited Liability Corporation," Reid said in a statement issued by his office.
Reid said he believed the 2001 sale did not alter his ownership of the land but that he agreed to file the amended reports because "I believe in ensuring all facts come to light."
Reid blamed the AP story as a "latest attempt" by Republicans to affect the election. AP reported last week that it learned of the land deal from a former Reid adviser who had concerns about the way the deal was reported to Congress.
Reid also announced he failed to disclose two other land transactions on his prior ethics reports and would account for those on his amended reports.
