Harry Reid is found to have made quite a lot of money on property he didn't even own. He was involved in a deal in Nevada in 1998 where he bought
parcels of land, then sold them to a friend and took a stake in a LLC, none of this was disclosed or properly documented for the Washington ethics
watchdogs, apparently. When the land was re-sold in 2004, Reid collected almost three times his initial investment, despite having no ownership
claim. The other principle in the deal was Jay Brown, who is suspected of bribing officials to get the land re-zoned - increasing its value
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.
In the process, Mr. 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.
Please visit the link provided for the complete story.
This guy has always been an interesting case, he's a Real
Republican in many ways (often fiscally conservative), and a true-blue Democrat in
others. He doesn't usually vote along party lines, and has made some nasty comments about partisans in the past.
So, either the guy is a real human being, or a real scam artist adept at the balancing act. This story seems to portray him as more of the latter
rather than the former. His refusal to discuss the issue with the AP speaks volumes as far as I'm concerned, but he may just be smart enough to know
he can't adequately defend himself without preparation. The timing of this revelation is suspect, coming on the heels of the Foley debacle, and so
close to the elections.
Whichever the case may be, it seems he has slipped up in this case. His failure to disclose his land deal will have consequences, in the court of
public opinion if nothing else. It remains to be seen which party will benefit more from his problems - his voting record is fairly unique. He's
been a critic of GW Bush for some time, and had a lot of choice words when it became clear that the intelligence that dragged us into Iraq had been
manufactured. If these stories keep breaking, independents might just have a fighting chance during the mid-term elections, and more importantly, in
2008. People are rapidly becoming disillusioned with the political status quo, and rightly so. It's high time, IMO, to dump the career politicians
and partisan weenies, and elect some real representation.
[edit on 11-10-2006 by WyrdeOne]