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More of Sen. Reid's Questionable Deals Exposed: Ghost Companies, Strange Loans
PR Newswire ^ | 9/28/2010 | PR Newswire

Posted on 09/29/2010 9:52:11 AM PDT by Qbert

LAS VEGAS, Today, 1001 Reasons to Vote Against Harry Reid, an independent committee, released the second in a series of research reports on Sen. Reid and financial improprieties.  This report, entitled "Connecting the Dots: Harry Reid's Financial Disclosures" is drawn from 20 years of financial disclosure records from Sen. Reid. The report can be accessed here: http://www.harryreidvotes.com/buzz/

The report has found problems in the following areas, here are some highlights:

*Complete lack of details about two entities in which Reid is listed as holding a position — Harry Reid Ltd. and Reid & Alverson Investments, Ltd.  After exhaustive searching through public records, we have not been able to find any information about these two companies.  Ordinarily, basic information about the formation, ownership, officers, business licenses and status of the U.S. corporation is easily available from the Secretary of State of the state of incorporation.  Despite a lack of paperwork of any sort, Harry Reid Ltd. is cited as the source of income of several hundred thousand dollars for Sen. Reid.  This raises even more questions.

*A curious loan made from "Harry Reid, Ltd." to Harry Reid.  Given the peculiarity of loaning oneself money, we seek information regarding this loan and clarification of its purpose. Additionally, information should be available as to the nature of business conducted by Harry Reid Ltd.  All that can be determined from the disclosure is that the loan was of between $50,001 and $100,000.  It was payable on the demand of Harry Reid Ltd., and it provided a 10% interest rate, which does not appear to have compounded.  Twenty-five years later, in 2008, Harry Reid repaid the loan, generating between $5,001 and $10,000 in capital gains income to Harry Reid Ltd.  This suggests the interest was not compounded.


(Excerpt) Read more at prnewswire.com ...


TOPICS: Crime/Corruption; News/Current Events; Politics/Elections; US: Nevada
KEYWORDS: harryreid; reid; sharronangle; teaparty

1 posted on 09/29/2010 9:52:14 AM PDT by Qbert
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To: ExTexasRedhead; DaxtonBrown

More corruption from Harry Reid uncovered...


2 posted on 09/29/2010 9:53:35 AM PDT by Qbert
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To: Qbert

And other stories the media won’t report...but we’ll hear all about Meg Whitman’s housekeeper, a woman so abused she stayed with Whitman for years.


3 posted on 09/29/2010 9:54:26 AM PDT by MissesBush (Stay angry--right through November)
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To: MissesBush

“....but we’ll hear all about Meg Whitman’s housekeeper, a woman so abused she stayed with Whitman for years.”

Exactly.

(And just like Christine O’Donnell’s former campaign manager who was so appalled at all of her past ‘lies’...that she stayed on as campaign manager in 2008.)


4 posted on 09/29/2010 9:59:22 AM PDT by Qbert
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To: Qbert

Hey thanks for the ping. That reminds me to check another lead beyond this one which is apparently big too. My book is at 330 pages of corruption and I could put on another 100 without breaking much of a sweat.


5 posted on 09/29/2010 10:02:26 AM PDT by DaxtonBrown (HARRY: Money Mob & Influence (See my Expose on Reid on amazon.com written by me!))
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To: Qbert

Wonder how many stamps he bought before that scam was busted?.


6 posted on 09/29/2010 10:04:21 AM PDT by Vaduz
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To: Qbert

Institutionalized corruption. btw, when is he going to give back the $67,000 he took from Jack Abramoff?


7 posted on 09/29/2010 10:04:59 AM PDT by Hoodat (.For the weapons of our warfare are mighty in God for pulling down strongholds.)
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To: Hoodat

“Institutionalized corruption. btw, when is he going to give back the $67,000 he took from Jack Abramoff?”

Yet another thing (hopefully...) to add to the list of Congressional hearings next January.


8 posted on 09/29/2010 10:09:47 AM PDT by Qbert
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To: DaxtonBrown

Do you have any interesting info on Reid’s little ‘pet’ reporter hack in Nevada, Jon Ralston...?


9 posted on 09/29/2010 10:16:10 AM PDT by Qbert
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To: Qbert

Reid has more front companies than ACORN.


10 posted on 09/29/2010 10:24:46 AM PDT by OrioleFan (Republicans believe every day is the 4th of July, democrats believe every day is April 15.)
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To: Qbert

Maybe he is a participant in “bank on yourself”. (sarc)


11 posted on 09/29/2010 10:25:48 AM PDT by Sequoyah101 (Half of the population is below average)
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To: Qbert

I hope the Angle campaign team has a “whopper” of a scandal waiting in the bullpen. Let it out, say, about 3 days before the election.


12 posted on 09/29/2010 10:51:07 AM PDT by Signalman
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To: MissesBush

and we already know what kind of diapers O’Donnels mom used on her,

nothing about obummer though


13 posted on 09/29/2010 11:04:27 AM PDT by SF_Redux
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To: Qbert

sfl


14 posted on 09/30/2010 8:39:31 PM PDT by phockthis
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