Rep. Maxine Waters (D-CA) held a press conference Friday to refute charges that she gave political help to a bank with ties to her husband, just days after another House Democrat, Rep. Charles Rangel (D-NY), also defended himself against ethics charges in an unusually public manner.
“What I’m doing now is outside of the box, beyond what’s normally done,” said Waters at the 90-minute press conference, which included an extensive slide-show disputing House Ethics Committee allegations that she helped secure over $12 million in federal bailout funds for OneUnited Bank, a bank in which her husband had a substantial financial stake.
The Complaint focuses on Rep. Rangel's efforts to direct millions of dollars in taxpayers' money to a politically well-connected but financially unstable nonprofit called Alianza Dominicana. Rangel's relationship with the controversial group based in New York City was the subject of a front page story in the Sunday August 8, 2010 New York Post.
The House ethics committee announced Monday that it is charging Rep. Maxine Waters (D-CA) with congressional rules violations, just days after another House Democrat, Rep. Charles Rangel (D-NY), was also hit with ethics charges by the committee.
The ethics committee has not released the details of Rep. Waters’ alleged violations, but the charges are believed to stem from the congresswoman’s suspected attempt to obtain bailout funds for a bank where her husband served as a boardmember.
Rep. Waters has denied the allegations, and said she will fight them in a public hearing.
One of the more serious violations was Rangel’s failure to disclose or pay taxes on rental income from a vacation home at the Punta Cana resort in the Dominican Republic. Following a review of Rangel’s financial disclosures in August of 2008, NLPC dispatched an investigator to the Dominican Republic who established that Rangel’s beachfront “villa” was continuously rented out.
The eight members of the House Ethics Committee sit in judgment on Rep. Charles Rangel (D-NY), but it is hard to see how at least two of them can be impartial when they have received campaign funds from Rangel’s National Leadership PAC.
According to Federal Election Commission records, Rep. Ben Chandler (D-KY), in photo, received two contributions of $5,000 each during the 2004 election cycle, on 12/15/03 and 1/20/04. Rep. G. K. Butterfield (D-NC) received contributions of $1,000 and $2,000 during the 2004 cycle, on 6/29/04 and 7/13/04 respectively.
The House Ethics Committee announced today that its subcommittee investigating allegations against Rep. Charles Rangel (D-NY) has “transmitted a Statement of Alleged Violation” to the Committee Chair and Ranking Republican, and formed an “adjudicatory subcommittee” to consider them. In other words, they have alleged that Rangel violated House rules, and now another subcommittee will try Rangel and determine guilt and the penalty, if any.
NLPC is the source of the most damaging allegations against Rangel, particularly his failure to disclose or pay taxes on rental income from his beach house in the Dominican Republic. Rangel has admitted that he did not report or disclose $75,000 but we have alleged in Complaints to the IRS and U.S. Attorney for D.C. that the total is likely much higher. NLPC is also the source of the information on which the Committee admonished Rangel earlier this year for accepting corporate-funded Caribbean junkets. Following his admonishment, Rangel resigned from his Chairmanship of the House Ways and Means Committee.
Queens Congressman Gregory Meeks made no payments for three years on a secret $40,000 personal loan - and repaid the cash only when the FBI started asking questions…
Meeks received a check for $40,000 from Queens businessman Ed Ahmad in January 2007 to finish paying off his new $830,000 home, two sources familiar with the matter said.
Meeks first disclosed the loan on his financial disclosure report that all members of Congress were required to file by May 17 for the preceding 2009 calendar year. Meeks filed late on June 15. Click here to download a 5-page pdf of the report. The Ahmad loan was made in 2007, meaning Meeks failed to disclose it on his 2007 and 2008 forms.
Rep. Gregory Meeks (D-NY) is one of 31 House conferees appointed by Rep. Barney Frank (D-MA) on the financial regulation bill. When he was named on June 9, Meeks claimed:
As conferee I plan to make sure that by having a strong presence of financial oversight and accountability in this legislation U.S. consumers will have the necessary financial protection and be as financially informed as possible.
But now Meeks is using “oversight” in a different context. You see, when he failed to disclose $55,000 in personal loans as required, he called it an “oversight.” This excuse sounded downright familiar to us. It is the same one cited by Rep. Charles Rangel (D-NY) when he failed to report hundreds of thousands in income and assets.
House Speaker Nancy Pelosi (D-CA) has signified that she’s open to reigning in the power of an independent congressional ethics board, even though she urged the creation of the board in 2008, reported The Hill.
Two years ago, House Speaker Pelosi strongly backed the establishment of the Office of Congressional Ethics (OCE), a bipartisan board made up of private citizens, saying that it would “bring an additional measure of transparency to the ethics enforcement process.” But at a meeting with the Congressional Black Caucus – a group which wants to "reform" the OCE – Pelosi and House Whip Jim Clyburn (D-SC), in photo, reportedly indicated that they were willing to reconsider changing some of the OCE’s rules.