Responding to AP, Reid Cleans up His Act
Sen. Harry Reid (D-NV) is amending his disclosure reports in response to the recent AP report on a 2004 land deal -- and straightening up a few other "minor" details.
In a statement, Reid said that his disclosure forms will now reflect that he transferred the title of the land to an LLC in 2001. Reid had disclosed his ownership of the land in reports, but not the transfer of the land to an LLC. He eventually sold the land in 2004 for a $700,000 profit.
I criticized the AP's original piece on the deal, written by John Solomon, for mischaracterizing the LLC transfer as a sale (for more on that, read my earlier post). In its follow-up piece today on Reid's statement, the service continues to describe the transfer as a sale.
In addition to clarifying the land deal reported by AP, Reid disclosed two other "minor" real estate assets. The top-ranking Senate Democrat also reimbursed his political campaign for $3,300, "to fully reimburse the campaign for donations it made over several years to the employee holiday fund in my apartment building."
Reid's full statement is below...












