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Allegations of Waters corruption

WIKI According to Chuck Neubauer and Ted Rohrlich writing in the Los Angeles Times in 2004, Waters’s relatives had made more than $1 million during the preceding eight years by doing business with companies, candidates and causes that Waters had helped. They claimed she and her husband helped a company get government bond business, and her daughter Karen Waters and son Edward Waters have profited from her connections.

Waters replied, “They do their business and I do mine.”[38] Liberal watchdog group Citizens for Responsibility and Ethics in Washington named Waters to its list of corrupt members of Congress in its 2005, 2006, 2009 and 2011 reports.[39][40] Citizens Against Government Waste named her the June 2009 Porker of the Month due to her intention to obtain an earmark for the Maxine Waters Employment Preparation Center.[41][42]

Waters came under investigation for ethics violations and was accused by a House panel of at least one ethics violation related to her efforts to help OneUnited Bank receive federal aid.[43] Waters’s husband is a stockholder and former director of OneUnited Bank and the bank’s executives were major contributors to her campaigns. In September 2008, Waters arranged meetings between U.S. Treasury Department officials and OneUnited Bank so that the bank could plead for federal cash. It had been heavily invested in Freddie Mac and Fannie Mae, and its capital was “all but wiped out” after the U.S. government took it over.

The husband’s bank received $12 million in Troubled Asset Relief Program (TARP) money.[44][45] The matter was investigated by the House Ethics Committee,[46][47] which charged Waters with violations of the House’s ethics rules in 2010.[48][49][50][51] On September 21, 2012, the House Ethics Committee completed a report clearing Waters of all ethics charges after nearly three years of investigation.[52]