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Posted on 07/06/2025 4:08:18 AM PDT by Libloather
Harlem Rep. Charles Rangel — infamously known for pocketing rental income from his Caribbean cottage without disclosing it — has apparently left behind a modest estate, court records show.
Rangel, who died May 26 at age 94, had assets worth only $300,000, according to Manhattan Surrogate Court filings.
That is far less than his net worth of more than $1.7 million upon his retirement from Congress in 2017, as reported by the watchdog group Open Secrets.
The current assets of the once-powerful chair of the House’s Ways and Means Committee were not detailed in court filings.
His daughter, Alicia Rangel-Haughton, was named executor of the Democrat’s estate.
The late representative’s property is to be placed in the Charles Bernard Rangel Revocable Trust, the assets of which were not disclosed in a will signed March 31, just nine weeks before his death at Harlem Hospital.
Rangels’ financial misbehavior and other ethical questions dogged him throughout his decades-long career, long before The Post outed his business dealings in Punta Cana, Dominican Republic.
He was criticized right from the start of his career when, in the 1960s, he took a low-interest loan from a New York City program meant to help the poor and used it to renovate his family’s Central Harlem home, turning the property into rental apartments — one of which he used for himself.
(Excerpt) Read more at nypost.com ...
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I’d question how the family may be hiding or shielding the booty
Having seen this in my family, I suspect they looted the man before he died.
For example, the apartment in the Dominican Republic could have been signed over to the daughter before he died via a quitclaim deed, I don’t know about property rights being transferred in the Dominican Republic, but that happened in my case.
Then you put everything else in a trust, name one person as 100% beneficiary of the trust when the person dies and effectively at that point, everything Charles Rangel had is now in the hands of someone else.
Ya mean that Nancy didn’t share her “get rich quick” stock trading strategies with charlie?
Use it or lose it. You can’t take it with you when you leave the confines of this earth.
The guys who keep it tend to be the ones who earn it at least semi-honestly.
And...wonder how much $$$ is in offshore accounts?
Repeal the death tax.
The govt taxes you while you’re living, they get one last dig at you on your way out.
I call Bullcrap! I bet he has MILLIONS somewhere in hiding for his FAMILY!
Drugs are expensive.
Dominican underage hookers and lying on the tropical beach all day costs money...
Whenever there is any money involved, you can rest assured that members of the family will come out of the woodwork to claim their share...I’ve seen members of the family become estranged from each other of something as small as a couple of hundred dollars.
I’m sure there is money in offshore accounts, I’m also certain that members of his family looted his assets before he died or used things like the trust to control who got what after he died.
Regardless, if the estate was worth 1.7 million or $300k, that amount of money will bring out the worst in family members.
I won’t piss on his grave, but I also wouldn’t move if the wind pushed the stream that way - he’s dead - pray that he found Salvation with the Lord of All.....
Mysteriously, all of his close relatives have empty freezers in their houses…
Most likely his extended family share his set of criminal values so I wouldn’t discount any speculation about this family of losers.
The current federal estate tax exemption is $14m per person. Few people have to worry about estate taxes these days.
This is how CongressCritters gets rich:
Bills are written by K Street lobbyist
Lobbyist line up bought n paid for CongressCritters(CC) to sponsor bill
CC knows what bills will pass
CC buy/short stock in company/industry
It’s all legal for CC, but would be insider trading violations for you and I
Every politician that dies, and it can be proven they benefited off their “service”, should forfeit their estate to pay down the national debt.
The bulk of the estate lies within off shore corporations
If true and legitimate, well that is what is supposed to happen.
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