Rangel Has More Undisclosed Rental Income

Isabel Vincent and Melissa Klein report today in the New York Post:

Rep. Charles Rangel reported no rental income for eight years on his rundown Harlem row house, even though public records show tenants were living there.

The powerful chairman of the House Ways and Means Committee said he received nothing from 1993 to 2000 on the six-unit building, according to federal financial disclosure forms.

NLPC’s exposure of Rangel’s unreported and undisclosed income from his Dominican Republic “villa,” touched off more intensive scrutiny of Rangel’s finances, leading Rangel to revise his filings last month for 2002 to 2006, showing his net worth to be roughly double what he had claimed in the past.

These amended filings did not show a capital gain of between $500,000 and $1 million when the property was sold in 2004. The amendments did not cover 1993 to 2000 when Rangel claimed no rental income. Members of Congress are required to report gross rents on their financial disclosure forms. Willful disclosure violations are subject to both civil and criminal penalties.

It is not know whether Rangel reported the income to the IRS.

According to the Post:

…one current tenant told The Post she had lived at the building for 20 years — and paid rent during that period.

Another said her former boyfriend called 74 W. 132nd St. home for many years, paying about $500 a month in rent.

While Rangel claims to have taken in not a dime in eight years, at least four tenants lived in the building during that time, The Post found.

Last month, Rangel suggested his revised filings would put to rest questions about his finances. It looks like they have only led to more.

Meanwhile, Tanyankika Samuels and Erin Einhorn of the New York Daily News report on an event in Harlem last night to show support for Rangel. He did not attend but his face was plastered on the podium.

The article highlights pro-Rangel sentiments expressed by former New York Mayor David Dinkins and New York Assemblyman Keith Wright (D-Harlem). The story did not highlight that both took part in the Rangel-led, Citigroup-funded Caribbean junket in November 2008, now under investigation by the House Ethics Committee.

I attended the event as an uninvited observer to document violations of House rules. I had a nice conversation with Rep. Wright on the first day, but did not see him again. I guess he was off at the beach.


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Rangel Hid $500K in Assets

House Ethics Committee Asks NLPC For Info on Rangel-Led, Citigroup-Funded Caribbean Junket