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Hill: Renzi Didn't Report $200K Payment
From The Hill:
Rep. Rick Renzi (R-Ariz.) failed to disclose a $200,000 payment he received from a business partner in 2005 in apparent violation of House ethics rules. Prosecutors could use the omission as evidence that Renzi intended to conceal a transaction he knew to be controversial or even improper.The $200,000 was a payment from James Sandlin to settle a debt related to a previous business transaction involving land in northeast Arizona, one of the lawmaker’s attorneys, Grant Woods, told a newspaper last week.
This explanation might have been expected to dispel suspicion that Sandlin gave Renzi an illegal gift in exchange for action Renzi took to help Sandlin sell a $4 million parcel of land.
But Renzi’s claim that Sandlin’s $200,000 payment was a legitimate business transaction is weakened by the fact that he failed to disclose it in his personal financial disclosure report for 2005 filed with the House clerk.
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Josh
Zachary
Ooopsies bigtime!
"I didn't recall" ?
April 26, 2007 11:16 AM | Reply | Permalink
just wonderin' if this means he also didn't mention it to the IRS when he filled out his tax returns. if he didn't, doesn't this mean tax evasion? help me out if i am wrong.
April 26, 2007 11:19 AM | Reply | Permalink
I'm glad to see thieves go down, but I sure wish we could go after a Repug Senator -legitimately- there must be many who are just as corrupt. Then we could ge rid f Lieberman.
April 26, 2007 11:53 AM | Reply | Permalink
"It was completely ethical...and that's why I didn't mention it."
Above reproach or just business as usual for the 'fightin' 209th?
April 26, 2007 12:06 PM | Reply | Permalink
What about Hastert and the Turkish?
April 26, 2007 12:21 PM | Reply | Permalink
Why do house members seem so much easier to buy than senators.
April 26, 2007 12:27 PM | Reply | Permalink
I personally can see how a guy making $100k a year can forget about $200k. I don't see what is the big deal
April 26, 2007 12:30 PM | Reply | Permalink
klyde asks why "house members seem so much easier to buy than senators."
Because they have to run three times as often, so they need more bucks, more frequently, to keep in the game.
April 26, 2007 12:35 PM | Reply | Permalink
Did he report any portion of it as interest on his tax returns? If not he should have to explain why he considered it a debt repayment and not a bribe.
April 26, 2007 1:00 PM | Reply | Permalink
Hmmmm, doesn't matter how many Tax cuts a Republican gets,...they always want more. Prosecute him for Tax Evasion........small fish first, then fry the big one...Halliburton. Government subsidized, but unwilling to even stay in its own country.
April 26, 2007 1:28 PM | Reply | Permalink
10- 15 years of sole income for a vast number of American's. Steal a loaf of bread and those same folk pay dearly. No justice in America. Justice is perverted from the head to the sole.
SC = desire as in desire for justice but finding none.
April 26, 2007 1:40 PM | Reply | Permalink
Next SC is nation. Hmmm, TPM SC generator agrees with me. The whole nation is corrupt.
April 26, 2007 1:43 PM | Reply | Permalink
get this fucker's income tax forms from the past few years
what's the penalty for failing to pay the income tax on $200,000 ???
wanna bet it's a felony ???
if mr renzi is a convicted felon, he can't vote
and if mr renzi ain't a registered voter, he ain't eligible to serve in Congress
see how easy this becomes ???
April 26, 2007 2:02 PM | Reply | Permalink
I think this is too slick. I don't think repaid loans are taxable or reportable, unless as has already been pointed out, there is some interest income involved. But there should be some sort of paper trail if the money was truely a load and not deferred income or payment for services. At least I think that is how it works.
April 26, 2007 2:11 PM | Reply | Permalink
klyde: Why are house members easier to buy? I think because the House is in charge of all appropriations, like money for Iraq and federal contracts of all kinds.
I could be wrong but this seems like the simple answer. Also, lesser lights can get elected to the House in small districts, so the people may be over-awed by their new power, and we know that power corrupts.
April 26, 2007 2:13 PM | Reply | Permalink
House members are easier to buy, no doubt...and being of the republic crime family makes it easier to be a crook...i want to lock up the whole lot of them...republicrooks...they are a pox on our political system (and my family left south america because of chronic government corruption and abuse of power...I guess we should not have bothered
April 26, 2007 2:25 PM | Reply | Permalink
Will he resign from the Congress now? I hope so.
Its raining scandal I hope its ongoing till 2008 and the republicans will be thrown out for a long time on their Grand Old Patards.
April 26, 2007 2:46 PM | Reply | Permalink
If it's the repayment of a loan, then where is the record of the loan's origination? There's a withdrawal slip, a transaction record, cancelled check, etc.
Don't tell me you took a stack of cash out of the safe, please. Best of all would be if you peeled it off of the block of cash you've got wrapped up in your freezer. I'm sure the judge will understand.
April 26, 2007 5:33 PM | Reply | Permalink
You cannot loan some one $ at no interest. There should at least be a fair market amount of interest due and taxable to one or the other.
April 26, 2007 8:04 PM | Reply | Permalink
You're all a bunch or regurgitating liberal news parrots. I predict you are all worng. goodbye.
April 26, 2007 11:12 PM | Reply | Permalink
yo, nessy, your prediction would carry a little more weight if you could spell "WRONG" correctly
yo, alex valgus
"You cannot loan some one $ at no interest. There should at least be a fair market amount of interest due and taxable to one or the other."
I don't know about that "some one" aspect of your theory
but it IS illegal for CONGRESSMEN to accept such an immproper arrangemnent
congresscritters gotta report ALL gifts
April 27, 2007 12:03 AM | Reply | Permalink
"Will he resign from the Congress now? I hope so.
Its raining scandal I hope its ongoing till 2008 and the republicans will be thrown out for a long time on their Grand Old Patard"
What a pathetic party of criminal frauds. Why are you criminal losers always demanding republicans to resign but never one of your criminal leaders? How pathetic you sound. What , is election fraud and lying through your teeth catching up with you that must cry and whine for resignations?
The democrat party of perpetual fraud is beginning to unravel. That Commie pig nosed Waxman is a complete idiot and just proves what a desparate power fiending party of criminals they are. I'm no Republican , I'm registered democratic and blindly voted straight democrat-ic for more years than I care to admit. One thing is for damn sure , I'M NO TRAITOR I AM AN AMERICAN, PERIOD. This pack of jackals are no Americans. I look forward to Re-registering and voting for a true American Republican in 2008. To hell with the Democrats. They don't speeak for true Americans.
April 27, 2007 1:33 PM | Reply | Permalink