Posts Tagged ‘Charlie’

Rangel sells house in Dominican Republic; did he make the restitution?

Wednesday, June 15th, 2011

Rangel sells the Dominican villa that earned him an ethics conviction

Rep. Charles Rangel (D-N.Y.) sold his villa in the Dominican Republic that played a role in his conviction on ethics charges last year, according to his financial disclosure forms released Wednesday.

Rangel received between $250,001 and $500,000 from the sale of his beach villa in Punta Cana.

The former Ways and Means Committee chairman was sanctioned for committing 11 violations of House ethics rules, including improperly using his office to solicit donations for an educational center in his name and filing incorrect financial disclosures and tax forms that failed to list income earned on his Dominican villa.

The 81-year-old lawmaker was also ordered to pay restitution to the government.

Has he?

And exactly for how much did he sell it? Did he pay taxes on that?