Nearly two years after he was censured by the House for failing to
disclose more than $500,000 in assets, Rep. Charles Rangel, D-N.Y., has
revealed he forgot to include other required information on his
congressional financial disclosure report, including a small annuity
owned by his wife and two unpaid board positions he held.
With little fanfare, Rangel earlier this month amended a decade of his congressional ethics reports to include the missing assets.
"Inadvertent omissions were made," Rangel wrote the clerk of the House of Representatives. "My accountant discovered that my spouse had invested in a Fixed Annuity Contract (Fixed Annuity) in 2002." Rangel's letter said his wife Alma's annuity was worth between $15,000 and $50,000 and was held from 2002 to 2010. Income from the annuity ranged from $1,000 to $2,500, he said.
In addition, Rangel disclosed that he had failed to list Individual Retirement Account distributions amounting to about $5,000 in 2011. And Rangel's letter disclosed he had failed to disclose his unpaid memberships on two boards of directors: an ex officio position on the board of the New York City Empowerment Zone and the Ann S. Kheel Charitable trust, which funded "educational, civil rights and other organizations that serve disadvantaged New York neighborhoods."
With little fanfare, Rangel earlier this month amended a decade of his congressional ethics reports to include the missing assets.
"Inadvertent omissions were made," Rangel wrote the clerk of the House of Representatives. "My accountant discovered that my spouse had invested in a Fixed Annuity Contract (Fixed Annuity) in 2002." Rangel's letter said his wife Alma's annuity was worth between $15,000 and $50,000 and was held from 2002 to 2010. Income from the annuity ranged from $1,000 to $2,500, he said.
In addition, Rangel disclosed that he had failed to list Individual Retirement Account distributions amounting to about $5,000 in 2011. And Rangel's letter disclosed he had failed to disclose his unpaid memberships on two boards of directors: an ex officio position on the board of the New York City Empowerment Zone and the Ann S. Kheel Charitable trust, which funded "educational, civil rights and other organizations that serve disadvantaged New York neighborhoods."
In December 2010, the House censured Rangel for
a variety of infractions, including a failure to list on financiual
disclosure statements more than half a million dollars in assets,
failure to pay taxes on a property he owned in the Dominican Republic,
and raising millions of dollars in contributions for a charity he
supported from companies that had business before the House Ways and
Means Committee, which he chaired at the time.
No comments:
Post a Comment