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.
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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 ...
Senator Reid resign. Bump!
Harry Reid stinks yet No Film at 11, zip, nada.
What's up with that, MSM?
Maverick, a 7-year-old American Shorthair Silver Classic Tabby, uses a mouse on a toy computer during a preview of the 2006 CFA-Iams Cat Championship at New York's Madison Square Garden, Wednesday Oct. 11, 2006. More than 300 felines will compete at the show this weekend to celebrate the 100th anniversary of the Cat Fanciers' Association. (AP Photo/Richard Drew)
By now, the MSM press room guys probably have a time saving "story template" application that automatically displays the article text once they type in the keywords, eg. "mean spirited," "quagmire," "mccarthyism," etc. All they have to do is fill in the proper nouns and they're done. Then they can check their email for the latest DNC/NYT marching orders.
I listened to a number of ABC brief news breaks on the radio today while driving around. None of them covered Reid; all of them covered the Foley situation. ABC is doing its best to ignore this.
Why is Cunningham in jail and Kennedy out eating pasta and bloviating?
As I predicted there is no coverage of this in the major Treason Media outlets.
I knew about Edwards .. but hadn't heard about Teddy's scam
Thanks and bookmarking
"I think it will damage him badly, but being a dim, the media will be forced to acknowledge the story. Rush will be all over it as well as Sean. After it stews up well, I predict the story breaks open like an infected boil! "
Ooh, well said! I hope they keep him around because it's going to make the dims look worse than they already do, if that's possible. The fact that he's been caught, tried to hide it from his own party and the IRS...he's filthy.
*rubbing hands together in PRE-ELECTION GLOAT*
The worm is starting to turn. Reid will go down within 2 weeks. dims will want to put this groin kick behind them. This is far bigger than foleygate.
LLS
Yes, these Paragons of Virtue certainly know how to make a fast buck, don't they? Just amazing financial wizards. Given what we know of their impecable character, though, I'm sure that his investment was just as legitimate as hers.
The link below is the tv video of the reporter Solomon on this scam. When you go to the site, there will be a commercial on the smaller screen on your left. Keep the volume normal, and Solomon will appear. It is damning for Reid.
http://www.redorbit.com/news/video/?mid=14339&category_id=2&release_time=2006-10-11&page=
Let all the dirty news come out.
Thanks for the link.
If Harry Reid were a republican, he would be in handcuffs by now.
How much more criminal can one get than to cash out of a land deal going nowhere, then some years later when the zoning change and development comes through make a $ton?
Only Hillary or Teddy Kennedy could come up with something so sensible and reasonable. (OH, Hillary's book deal before her senate restriction. I wonder how many thousands of unpublished copies George Soros bought.)
They're crooks!
Why has this story gone away?
Those of us on the right are so used to playing defense it's like no one even attempts to play the same game the Dems play.
"Reminds me of the $100K Hildebeast make on futures."
futures she lost on margin........but the broker carried her!
BUMP
Ummmmmm
Guess you were wrong.
When will GOP voters wake up????
DEMOCRATS WILL ALWAYS GET AWAY WITH CRIME & IF THEY WIN IN NOVEMBER WE ARE SCREWED!!!!!!!!!!!!
http://209.85.135.104/search?q=cache:ZZoUCGSWNUYJ:www.reviewjournal.com/lvrj_home/2005/Jun-06-Mon-2005/news/26661753.html+%22Patrick+Lane+LLC%22&hl=en&ct=clnk&cd=2
From the Las Vegas Review-Journal
Monday, June 06, 2005
Copyright © Las Vegas Review-Journal
Reports detail legislator wealth
By STEVE TETREAULT
STEPHENS WASHINGTON BUREAU
WASHINGTON -- Sen. Harry Reid sold Las Vegas property last year for a seven-figure gain, reinvesting the profits in stocks and municipal bonds.
...
They also show Reid adding to a hefty retirement fund while Ensign is socking away money for his three young children and Porter is still profiting from his earlier career as an insurance salesman.
...
While the latest reports, covering 2004, are scheduled to be released publicly by Congress on June 14, the Nevada lawmakers have made theirs available.
...
The reports list the approximate value of investments, income derived from them and transactions lawmakers completed during the year. Congress members also are required to report profits from speaking engagements and any free travel they accepted.
It is difficult to pinpoint exact values because lawmakers are allowed to categorize their holdings in broad ranges. For instance, Reid reported income from his property sale as between $1 million and $5 million.
The politicians also are not required to disclose the value of their homes or the income of their spouses. The figures also don't include their Capitol Hill salaries. Senators and House members are paid $162,100. Reid, the Senate minority leader, is paid $180,100.
Following are sketches of the Nevadans who filed reports:
REID:
Reid, 65, reported assets between $2.1 million and $5.5 million. His wealth includes land and mining claims in Searchlight, his hometown. His largest listed asset is 160 acres of land in Bullhead City, Ariz., valued at $500,000 to $1 million.
Reid's portfolio contains municipal and school bond investments of $520,000 to $1.2 million. He has put money into offerings from Clark County and Henderson as well as jurisdictions in Illinois, Wisconsin, Texas, Arizona, Oregon, Pennsylvania, New Jersey, Utah, Alaska, Tennessee and Michigan.
Reid reported that he sold a piece of property and a 47 percent interest in an adjoining piece of land in January 2004 for a price that he reported as between $1 million and $5 million.
Clark County records indicate that Reid was involved in a sale completed in January 2004 of 4.73 acres on Patrick Lane just west of Fort Apache Road, south of Spring Valley. Records show the buyer was Patrick Lane LLC, whose manager was listed as Jay Brown, an attorney and longtime Reid friend and associate.
Records available Friday did not indicate sales prices. Reid declined through a spokeswoman to detail the transaction or verify the county information.
Reid's profits from the transaction were reinvested in a Wells Fargo money market fund and in bond offerings, his aide confirmed from his financial report.
Reid also bought stock in companies that included Best Buy, Emerson Electric, Anheuser Busch, Apache Corp., an oil and gas developer, and Boston Scientific, which manufactures medical devices.
During 2004, Reid sold stock in companies that included mortgage lender Freddie Mac, Intel Corp., Kohls Corp. and hospital operator HCA Inc.
Reid delivered a dozen speeches, at $2,000 apiece, in 2004. He donated the $24,000 to charity as required by Senate rules. He declined through a spokeswoman to identify the beneficiaries.
...
Rush just said that PMSNBC is 90 percent Foley today and is, essentially, ignoring the Reid story.
Has OL-BORE-MAN talked about Reid yet?
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