There's nothing that inspires confidence like the chair of the House Ways and Means Committee -- the body that writes our tax laws -- submitting a financial disclosure form in which the value for one piece of property varies by as much as 10 times from one page to another. But that's the case with embattled New York Democrat Charlie Rangel.

We learned yesterday that, with crucial support from Speaker Nancy Pelosi, Rangel will defy GOP calls for his resignation and stay on as chair of the powerhouse committee. So given that Rangel's going to be around for at least a while longer, we thought it was worth running down the allegations against the Harlem Congressman.

The trouble started for Rangel in July, when an investigation by the New York Times found that Rangel rents four rent-stabilized apartments -- one of which he uses as a campaign office -- in the same Harlem building, at well below market rates. City and state regulations prevent the use of rent-controlled apartments for purposes other than as a primary residence.

The more serious charge, first reported by the New York Post at the end of August, is that Rangel failed to disclose -- either on his tax returns or on Congressional disclosure forms -- over $75,000 in income from a rental villa he owns in the Dominican Republic. Rangel has called the disclosure failures an oversight, and has admitted that he owes around $10,000 in back taxes and penalties.

The Ways and Means Committee, which Rangel chairs, is in charge of writing federal tax laws, making the news particularly embarrassing for Rangel.

A few days after the Post's report, Bloomberg News reported that Rangel received an interest-free loan from the developers of the villa, when he bought it in 1990. But, according to the director of the complex that contains the villa, several other non-Dominican investors received similar breaks at the time, because the project wasn't producing sufficient income.

Rangel has asked the House Ethics Committee to look into both the rent-stabilized apartments issue and the Dominican villa issue, as well as a third matter -- that he used his Congressional office letterhead to solicit donors for an educational center named for himself, and run by the City College of New York. In addition, Rangel directed a forensic accounting expert to pore over his tax returns and financial disclosure statements to Congress, and to submit a report to the Ethics Committee.

On Monday, it was announced that the accountant had found additional discrepancies.

As summarized by the Associated Press:

-Rangel's papers over the past 10 years show no reference to the sale of a home he once owned on Colorado Avenue in Washington.
-The details of a property bought in Sunny Isles, Fla., are bewildering at best. The stated value changes significantly from year to year, and even page to page, from $50,000 to $100,000 all the way up to $500,000.
-Some of the entries for investment funds fluctuate strangely, suggesting that the person either didn't have accurate information or didn't fill out the paperwork correctly.

In a statement put out alongisde the announcement of the discrepencies, Rangel said:

"While over the years I delegated to my staff the completion of my annual House financial disclosure statements, I had the ultimate responsibility. I owed my colleagues and the public adherence to a higher standard of care not only as a member of Congress but even more as the chair of the House Ways and Means Committee," he said.

And it was reported today that Rangel has asked the Ethics Committe to allow him to use campaign contributions to pay for the forensic audit of his tax returns and disclosure forms -- which could end up costing more than $100,000.

Right now, the jury is still out on what this all adds up to. At best, Rangel has been irresponsibly lax in the management of his financial affairs. And he may have been deliberately mendacious. But as things currently stand, there's little evidence of a quo for the quid.

On the issue of the Harlem apartments, Rangel did have a 2005 meeting with a lobbyist for the Olnick Association, the company that owns the building in question, when Olnick was seeking government approval for two building projects in the Bronx and Harlem. But both Olnick and Rangel say the Congressman took no action on the company's behalf, and neither project advanced.

And as for the Dominican vila, there's no evidence whatsoever that Rangel took steps to help the company that owned the complex, or that his failure to pay taxes on the villa income, or make proper disclosures to Congress, was abetted by anyone seeking favors from him.

Still, at the very least, Rangel's inability to personally comply with the tax laws doesn't inspire much confidence that he's the best person to be writing those laws.

Rep. Charlie Rangel (D-NY) just keeps finding himself in more and more and more of a mess as his accounting is unraveled -- this time with the help of a forensic accounting expert that he's hired to look into his finances.

From the AP:

The accountant's report will not be reviewed by Rangel or his advisers before it is given to the committee "as quickly as possible," Davis said. The lawmaker also promised that once the report is complete, he will publicly release his tax returns for the past 20 years.

. . . As more questions have been raised about Rangel's records, his lawyers and accountants have uncovered new discrepancies in the personal financial disclosure documents that he files every year to Congress. Every lawmaker is required to file such paperwork disclosing major assets.

Among the new discrepancies:

• Rangel's papers over the past 10 years show no reference to the sale of a home he once owned on Colorado Avenue in Washington.

• The details of a property bought in Sunny Isles, Fla., are bewildering at best. The stated value changes significantly from year to year, and even page to page, from $50,000 to $100,000 all the way up to $500,000.

• Some of the entries for investment funds fluctuate strangely, suggesting that the person either didn't have accurate information or didn't fill out the paperwork correctly.

Rangel spent the past week trying to answer questions about his ethics and his finances.

He acknowledged that he owes the Internal Revenue Service about $5,000 in back taxes for unreported income from the rental of his vacation villa, and probably a smaller amount to state and city tax collectors.

Late update: Roll Call fleshes out the story behind Rangel's condominium in Sunny Isles, FL. According to Florida land records and real estate listings, Rangel originally bought the home for $335,000 and sold it two years later for $405,000 -- a profit of $70,000. Neither purchase price, sale price, or the profit made were correctly listed in Rangel's financial disclosure forms.

Just a day after Rep. Charlie Rangel (D-NY) challenged the Washington Post to produce the letters he'd allegedly written on official stationary seeking cash for the academic center bearing his name, the newspaper has come through -- posting four such missives on their website.

Rangel uses his congressional letterhead and says he wants to "schedule a meeting" to talk about the Charles B. Rangel Center for Public Service. The letters don't explicitly state that he is seeking money.

They include:

* March 2007 letter requesting a meeting with David Rockefeller; the Rockefeller Brothers Fund donated $50,000 to CCNY

* March 2007 letter requesting meeting with Maurice R. "Hank" Greenberg, chairman of C.V. Starr Foundation; the foundation donated $5 million to CCNY

* March 2007 letter requesting a meeting with Donald Trump; Trump has not donated to the project

* June 2005 letter to about 100 foundation leaders seeking "a dialogue with you on the funding of the Rangel Center concept in the coming weeks and months." The letter helped generate contributions totaling more than $1.6 million from four foundations.

U.S. Rep. Charlie Rangel (D-NY) held a press conference today and blasted the Washington Post for their recent "foundless" article which alleged that Rangel had used official stationary to solicit funds for an academic center bearing his name from individuals with business before his committee.

Rangel denies that the recipients had business before his committee and challenged the Post "to show one line in any of the letters" that he sent "where there's a solicitation for funds."

He also demanded, and welcomed, a probe by the House ethics committee into the Post's allegations:

So to that extent. . . another potential headline is, "Rangel Insists That the Ethics Committee Investigate the Unfounded Charges," because, first of all, nobody that can read is going to bring any charges against me, including The Washington Post, which, of course, I encourage them to do it, because then they have to follow their own foundless story, and at least that gets some coverage on this in The Washington Post.

Rangel's demand for an investigation by the ethics committee follows a similar request from the Citizens for Responsibility and Ethics in Washington yesterday. According to Melanie Sloane, executive director for CREW, Rangel might have something to worry about.

"It's not a close call," she said to the Post. "He's clearly violated the rule against using the letterhead.

U.S. Rep. Charles Rangel (D-NY) hasn't been having the best week. The House Ways and Means Committee Chairman relinquished his rent-controlled campaign office yesterday, after intense scrutiny in the wake of a New York Times article that exposed his holding of four rent-controlled apartments. And today, the congressman is facing the possibility of a House ethics probe after a Washington Post piece published yesterday, revealed he's been soliciting donations from corporations with business interests in front of his committee for an academic center that bears his name.

Known to Republican critics as the "Monument to Me," the Charles B. Rangel Center for Public Service at the City College of New York, caused controversy when Rangel gave it a $1.9 million earmark last year to start it.

Now, in an effort to raise more cash for the center, Rangel has been writing fundraising letters on his official House stationary to business leaders like Donald Trump and Hank Greenberg, former head of AIG, an current CEO of C.V. Starr & Co. If accurate, Rangel's fundraising letters violate a House rule that specifically bans the endorsement implied by the use of congressional stationary.

Rangel has raised $12 million for the project according to college officials interviewed by the Post. And not all of that has come from private donors:

The congressman has corralled more federal money as well, securing two Department of Housing and Urban Development grants totaling $690,500 to help renovate the college-owned Harlem brownstone that will house the center, according to HUD and school officials.

In response to Rangel's private fundraising, the Citizens for Responsibility and Ethics in Washington and the House minority leader have separately requested a probe from the House ethics committee. According to Melanie Sloane, executive director for CREW, Rangel's actions are obviously unethical:

"It's not a close call," she said. "He's clearly violated the rule against using the letterhead."