Reid Collects $1.1 Million Windfall on Property he didn’t Own In 2006, it was reported by the Associated Press that he collected $1.1 Million on land he hadn’t owned in three years. As the AP reports: Senate Democrat Leader Harry Reid collected a $1.1 million windfall on a Las Vegas land sale even though he hadn’t personally owned the property for three years, property deeds show. In the process, Reid did not disclose to Congress an earlier sale in which he transferred his land to a company created by a friend and took a financial stake in that company, according to records and interviews. The Nevada Democrat’s deal was engineered by Jay Brown, a longtime friend and former casino lawyer whose name surfaced in a major political bribery trial this summer and in other prior organized crime investigations. ….In 2001, Reid sold the land for the same price to a limited liability corporation created by Brown. The senator didn’t disclose the sale on his annual public ethics report or tell Congress he had any stake in Brown’s company.
Posted on: Mon, 21 Oct 2013 05:33:41 +0000
Recently Viewed Topics
© 2015