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Chairman of the House and Ways Committee, Charles Rangel, has some serious explaining to do. This time the embattled congressman finds himself in more hot water after a corrected financial report shows that he conveniently forgot to report more than $500,000 in assets to the House of Representatives. His amended report magically reveals new assets worth between $647,000 and $1.38 million. The missing assets from the original report include a congressional Federal Credit Union IRA worth between $250,000 and $500,000 along with four mutual funds worth between $365,000 and $750,000. Also forgotten was his stock with Pepsi Co and Yum! Brands worth between $16,000 and $65,000.

His actions beg the question: How in the world do you forgot to report over $1 million in assets?!

Unfortunately for him, that is the very question the House Ethics Committee plans to have answered. Rangel is already well under investigation by the National “watch dogs” for renting four luxury apartments in Manhattan and failing to report income from an apartment he rents out in the Dominican Republic. To top it all off, he is being investigated for soliciting money for an education center in his honor on official stationery.

The amended report is only adding fuel to the fire of Republicans that want to see him removed from office. While Republicans are smiling and eagerly licking their chaps, a representative for Rangel is saying, “not so fast!” His team released a statement saying, “The congressman is confident there was no effort to hide anything.”

Sureeee there wasn’t. Nevertheless it’ll be interesting to see how this pans out, good luck to Rangel. I would never forget if I had $65,000 in stock with Pepsi. I mean I’m just saying…