Posted on 10/15/2010 4:34:34 PM PDT by Libloather
AP Exclusive: Reid Got $1M in Land Sale
By JOHN SOLOMON and KATHLEEN HENNESSEY
Associated Press Writers
Oct 11 01:13 PM US/Eastern
WASHINGTON (AP) - 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.
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.
Land deeds obtained by The Associated Press during a review of Reid's business dealings show:
_The deal began in 1998 when Reid bought undeveloped residential property on Las Vegas' booming outskirts for about $400,000. Reid bought one lot outright, and a second parcel jointly with Brown. One of the sellers was a developer who was benefiting from a government land swap that Reid supported. The seller never talked to Reid.
(Excerpt) Read more at breitbart.com ...
Ya think he falsified his resume'?
Reid’s composite character was played by Dick Smothers(of the Smothers Brothers—dark hair).
right you are!
Why is it news now?
-PJ
How does AP know?
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