Rangel Fails to Report 500K in Assets
New York Democrat Rep. Charles B. Rangel, who is the subject of two House ethics investigations of his personal finances, failed to report at least $500,000 in assets on his 2007 Congressional disclosure form, according to an amended report he filed this month.
The New York Times reported that among the dozen newly disclosed holdings revealed in the amended forms are a checking account at a federal credit union with a balance between $250,0000 and $500,000; three vacant lots in Glassboro, N.J., valued at a total of $1,000 to $15,000; and stock in PepsiCo worth between $15,000 and $50,000.
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