Posted on 10/11/2006 11:21:50 AM PDT by Prost1
WASHINGTON - Senate Democratic 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.
ADVERTISEMENT
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. He's never been charged with wrongdoing except for a 1981 federal securities complaint that was settled out of court.
(Excerpt) Read more at news.yahoo.com ...
Yes, I do believe he is. The scrambling behind the scenes must be furious right now. What exquisite timing (Rove, you magnificent bastard).
It's not like Reid is some lowly congressmen no one has ever heard of. He's the frigen Dem leader of the senate!!
Oh I'm sure they'll get right on that. /s
I'd like to have a day with his IRS records. Wonder if he paid the income tax on this?
Come on Pelosi - drain the swamp!
The complex dealings allowed Reid to transfer ownership, legal liability and some tax consequences to Brown's company without public knowledge, but still collect a seven-figure payoff nearly three years later."
If any of you out there sells something I don't own..I want want some of the money!!
Send me a private message for where to send the dough!
That's what happens when you don't let Hillary in on a 7 figure land deal.
Either that or she wants the job as a better spring board for her to run in 2008.
" The whole emphasis will be on those mean old Republicans, not the substance of the charges. The MSM are so friggin' predictable."
Not this time. The media cannot hide this. The only thing they can do to bury this is start talking about NK. That will drive voters to Republicans.
Democrats will have to come forward and clean house, starting with Reid. If anything to save any chances they have of picking up seats. No wonder Hastert said that anyone involved with Foley will be fired.
Plus, Hillary knows how many seats are up for grabs in 2008.
Notice that several in Congress are calling for an investiagtion into Sandy Burglar?
Guess they finally decided to kick someone in the ass on the other side.
About time...
Any paper that does run it won't put it on the front page above the fold.
!Muy bien!
Wow, maybe I should go out to lunch more often. Just came home and began this thread. WWWWWWWOOOOOOOHHHHHHOOOOOOOOOOO
Exactly! There will be three weeks of exposure of this. It will kill the donks. Foley who???? He as just some little Congressman from Florida but Reid, he was the leader of the donks in Congress. Bwahahahahaha
Probably.
"manipulating real estate transactions to avoid taxes"
Can you tell me how he avoided taxes? The article says he owned a 75% interest in the 2 properties, and that he paid 74% of the taxes due.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.