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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-12-06 09:04 AM
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Do NOT post any stories about Harry Reid in LBN
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Doing so will get them immediately erased. Apparently.

AP Exclusive: Reid got $1M in land sale
http://news.yahoo.com/s/ap/20061012/ap_on_go_co/reid_land_windfall

WASHINGTON - Senate Democratic leader Harry Reid is awaiting word from the Senate ethics committee on whether he failed to properly account for a business deal that allowed him to collect a $1.1 million windfall on land he hadn't personally owned for three years.

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Reid sought the opinion after The Associated Press reported Wednesday that the senator didn't disclose to Congress that he first sold the land to a friend's company back in 2001 and took an ownership stake in the company. He didn't collect the seven-figure payout until the company sold the land again in 2004 to others.

Reid reported the 2004 transaction as a personal sale, never disclosing his earlier sale or the stake in the company.

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. Brown has never been charged with wrongdoing, except for a 1981 federal securities complaint that was settled out of court.

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