Reid Bigger Snake Than First Thought

In Nevada, Reid Is the Name to Know; Members of this one lawmaker's family represent nearly every major industry in their home state. And their clients rely on his goodwill.

It was the kind of legislation that slips under the radar here. The name alone made the eyes glaze over: "The Clark County Conservation of Public Land and Natural Resources Act of 2002." In a welter of technical jargon, it dealt with boundary shifts, land trades and other arcane matters — all in Nevada. As he introduced it, Nevada's senior U.S. senator, Democrat Harry Reid, assured colleagues that his bill was a bipartisan measure to protect the environment and help the economy in America's fastest-growing state. ..... What Reid did not explain was that the bill promised a cavalcade of benefits to real estate developers, corporations and local institutions that were paying hundreds of thousands of dollars in lobbying fees to his sons' and son-in-law's firms, federal lobbyist reports show.

The IRS is looking into these phony trusts.

They need to nail Reid's collusion with businesses ---particularly officers of publicly-held companies---- in the scheme that might include corporations' misusing corporate reserve accounts, concealing losses, inflating asset values and improperly accounting for transactions, as well as deferring profits into reserve accounts, improperly shifting capital funding to other projects to hide illegal payments to Reid, and might have employed money laundering schemes to siphon money into Reid's campaign accounts, in order to evade the IRS, SEC, FEC and US banking laws.

Anyone with concerns should contact the SEC here: enforcement @SEC.gov.

The "trust" itself should be looked at for excessive "legal fees" and "admin fees" which are classic money laundering schemes.

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