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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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http://usatoday30.usatoday.com/news/washington/2006-10-11-reid_x.htm
1 posted on 04/27/2014 11:04:52 AM PDT by Jim Robinson
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To: Jim Robinson

What a corrupt and dirty little man Reid is. A real reprobate.


2 posted on 04/27/2014 11:06:49 AM PDT by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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To: hoosiermama; BuckeyeTexan; xzins; Ray76

Thanks for the link, hoosiermama.


3 posted on 04/27/2014 11:09:23 AM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Jim Robinson
Jim, It is readily apparent to those of us who live in the state of NV that HR is one of the the most filthy, slimy little Rats that have been in congress. Personally I wouldn't pi$$ in his face if he was on fire.
4 posted on 04/27/2014 11:11:55 AM PDT by mongo141 (Revolution ver. 2.0, just a matter of when, not a matter of if!)
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To: Jim Robinson

An oldie Goldie that’s being passed around again ... Cause its relevant !

Looks like Louisiana has filed ethics complaint. Time to pile on! And insist he give up all his positions of power in the senate. Step down until the issues are resolved or he’s wearing orange ;-)


5 posted on 04/27/2014 11:14:32 AM PDT by hoosiermama (Obama: "Born in Kenya" Lying now or then or now)
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To: Jim Robinson

6 posted on 04/27/2014 11:16:02 AM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
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To: Jim Robinson

And this is why you won’t see Dirty Harry having hearings on the Bundy
RAID. His corruption on a massive scale would be exposed.


7 posted on 04/27/2014 11:17:03 AM PDT by tennmountainman (Just Say No To Obamacare)
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To: Jim Robinson
And Reid will get away with it. He is an important part of the communists Democrat clan in Washington. Nice to know so much of Washington is corrupt and the criminals will never get punished.

By the way, miss Romney yet? Lost lost in 2012 and never be recovered.

8 posted on 04/27/2014 11:17:14 AM PDT by Logical me
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To: Jim Robinson

Republicrats war on hairy reid-iculous? LOL! He don’t care.


9 posted on 04/27/2014 11:18:37 AM PDT by rktman (Ethnicity: Nascarian. Race: Daytonafivehundrian)
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To: Logical me

Primary elections matter.


10 posted on 04/27/2014 11:19:06 AM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Logical me

Oh yea, Myth would have been all over this.

Or not.


11 posted on 04/27/2014 11:20:58 AM PDT by MileHi
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To: Jim Robinson

If we were a nation of laws, this mud crawler would be doing life.


12 posted on 04/27/2014 11:21:20 AM PDT by morphing libertarian
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To: ought-six

he’s a DC politician, corrupt is a given or he wouldn’t be there.


13 posted on 04/27/2014 11:23:20 AM PDT by drypowder
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To: Jim Robinson

I wonder how much he was expecting from the Bundy ranch?


14 posted on 04/27/2014 11:27:39 AM PDT by null and void ( They don't think think they are above the law. They think they are the law.)
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To: All
"Democrat leader [Harry Reid]
reaped $1.1 million from sale
of land he didn't own."


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15 posted on 04/27/2014 11:28:50 AM 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: null and void

Look at this!

http://www.youtube.com/embed/vev634mcJSM?autoplay=1


16 posted on 04/27/2014 11:36:48 AM PDT by hoosiermama (Obama: "Born in Kenya" Lying now or then or now)
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To: ought-six

This is how corrupt politicians work.


17 posted on 04/27/2014 11:38:50 AM PDT by Big Horn (Rebuild the GOP to a conservative party)
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To: Jim Robinson

—when this originally came out in the LA Times , I called Reid’s office and asked when he was going to do real estate seminars , as I wished to do the same-—I got hung up on-—


18 posted on 04/27/2014 11:43:37 AM PDT by rellimpank (--don't believe anything the media or government says about firearms or explosives--)
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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!!


19 posted on 04/27/2014 11:48:55 AM PDT by hoosiermama (Obama: "Born in Kenya" Lying now or then or now)
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To: hoosiermama

http://www.youtube.com/embed/vev634mcJSM?autoplay=1

Great link... hope everyone sees it...


20 posted on 04/27/2014 11:49:05 AM PDT by GOPJ (Democrats are waging war on the middle class...)
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