Report: Rangel Failed to Disclose Assets

The report identifies 28 separate instances where he failed to report personal assets...

A new report said that Rep. Charles B. Rangel failed to disclose what became of thousands of dollars in assets over the past three decades.

The report identifies 28 separate instances within the past 30 years where he failed to report in congressionally-mandated filings on personal assets. The report from the nonpartisan Sunlight Foundation was based on a review of Rangel's filings from 1978 to the present.

The researchers write, “Assets worth between $239,026 and $831,000 appear or disappear with no disclosure of when they were acquired, how long they were held, or when they were sold.”

Rangel spokesman Emil Milne says the congressman had already acknowledged errors in reporting his finances.

A House ethics committee is investigating the Democrat's personal finances and fundraising.

Copyright AP - Associated Press
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