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Democrat leader [Harry Reid] reaped $1.1 million from sale of land he didn't own
USA Today/AP | flashback 10/11/2006 | By John Solomon And Kathleen Hennessey, Associated Press

Posted on 04/27/2014 11:04:52 AM PDT by Jim Robinson

Excerpts:

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.

VIDEO: Reid land deal may violate rules [scrubbed]

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.

•In 2001, Reid sold the land for the same price to a limited liability corporation created by Brown. The senator didn't disclose the sale on his annual public ethics report or tell Congress he had any stake in Brown's company. He continued to report to Congress that he personally owned the land.

•After getting local officials to rezone the property for a shopping center, Brown's company sold the land in 2004 to other developers and Reid took $1.1 million of the proceeds, nearly tripling the senator's investment. Reid reported it to Congress as a personal land sale.

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.

Reid hung up the phone when questioned about the deal during an AP interview last week...

More at link:

http://usatoday30.usatoday.com/news/washington/2006-10-11-reid_x.htm


TOPICS: Crime/Corruption; Government; News/Current Events; US: Nevada
KEYWORDS: corruptreid; criminal; crook; harryreid; jaybrown; mobtool; nevada; reid
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To: Jim Robinson

The next segment of her shows deals with the land in Texas— almost as good

Her show is repeated again here on Sunday. Well worth viewing again!!


21 posted on 04/27/2014 11:49:51 AM PDT by hoosiermama (Obama: "Born in Kenya" Lying now or then or now)
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To: Jim Robinson

The next segment of her shows deals with the land in Texas— almost as good

Her show is repeated again here on Sunday. Well worth viewing again!!


22 posted on 04/27/2014 11:49:53 AM PDT by hoosiermama (Obama: "Born in Kenya" Lying now or then or now)
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To: mongo141

I’d piss in his face whether it was on fire or not.


23 posted on 04/27/2014 12:16:34 PM PDT by VerySadAmerican
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To: ought-six

There is no doubt in my mind he’s also a pedophile. I mean, look at him!


24 posted on 04/27/2014 12:18:33 PM PDT by VerySadAmerican
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To: Jim Robinson

The guy is a sleezy low life.

I haven’t been to Las Vegas since this scumball was re-elected and I won’t be back until he is GONE.


25 posted on 04/27/2014 1:04:48 PM PDT by mowowie
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To: musicman

The Bear


26 posted on 04/27/2014 1:08:20 PM PDT by Ray76
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To: Jim Robinson
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.

One can substitute Rezco for Brown and Obama for Reid.

27 posted on 04/27/2014 1:11:15 PM PDT by OrioleFan (Republicans believe every day is July 4th, Democrats believe every day is April 15th.)
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To: Ray76

28 posted on 04/27/2014 1:14:32 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Jim Robinson

Here’s the longer version including the segment on Texas

http://www.youtube.com/embed/q8OYifp2IAE?autoplay=1


29 posted on 04/27/2014 2:02:43 PM PDT by hoosiermama (Obama: "Born in Kenya" Lying now or then or now)
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To: ought-six

Harry, Line My pockets With Money, Reid. For the right price you can buy reids support for anything, just so him the money as no corrupt or crooked deals are to slimy for his bought support.


30 posted on 04/27/2014 4:50:58 PM PDT by chiefqc
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To: Jim Robinson

Put this domestic terrorist in jail were he belongs!


31 posted on 04/27/2014 5:37:03 PM PDT by Alas Babylon!
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To: Jim Robinson

Harry Reid-Corleone


32 posted on 04/28/2014 8:28:06 AM PDT by BuckeyeTexan (There are those that break and bend. I'm the other kind. ~Steve Earle)
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