September 16th, 2008
12:18 PM ET
4 years ago

Rangel promises independent investigation of finances

Rep Charlie Rangel plans to hire forensic accountants to investigate his finances.
Rep Charlie Rangel plans to hire forensic accountants to investigate his finances.

WASHINGTON (CNN)–A lawyer for Rep. Charlie Rangel, the chairman of the House Ways and Means Committee, said Monday that the powerful New York Democrat would hire forensic accountants to investigate his financial statements that span two decades.

Lanny Davis said the firm, which has yet to be hired, would review Rangel’s tax returns and other financial documents over the last 20 years and compile a report on any financial improprieties or back taxes the chairman owed. Rangel would pay any back taxes he owed with penalties and would wave the normal three-year statute of limitations, Davis said.

The firm will send its report on Rangel’s finances directly to the House Ethics Committee, which is looking into Rangel’s finances after questions were raised about some real estate transactions. Rangel has admitted he owes $5,000 in back taxes after he failed to report income from a rental property in Florida, according to the Associated Press.

Davis said Rangel said asked for the independent investigation because “he never meant to conceal” his finances.

“He wanted to show in as many ways he has possibly could, that he did not do anything intentionally wrong,” Davis said.

Despite news reports, Rangel was not pressured by Speaker Nancy Pelosi to step down from his chairmanship while the investigation into his finances was underway, Davis said.

“Indeed, the speaker told Mr. Rangel that she was pleased that Mr. Rangel had initiated an investigation of himself with full transparency,” Davis said.


Filed under: Charlie Rangel
soundoff (92 Responses)
  1. Libs be dopes

    I find it hard to believe that CNN actually put a Dumbocrat on page one that may have done something wrong.

    I'll investigate myself!

    The last Dumbocrat ($90K in his freezer) under investigation was reelected in LA and nothing has been done with him.

    Suprised?

    September 16, 2008 03:57 pm at 3:57 pm |
  2. Patriot

    I believe Rush to, Just like Rush said Palin looks good!
    Yeah, a real reseaon to vote for the Ticket of Palin/MCain.
    It means No real vetting process for Sarah Palin!
    It means they really believe the American People are that Stupid!
    Unfortunately, there are too many that will listen and believe that it's the Media or some liberal plott to bring her down, when she herself said "I will cooperate fully in the investigation" sad day on Nov 4 when the American people truly show how ignorant we are and elect these two in office

    September 16, 2008 04:05 pm at 4:05 pm |
  3. Rob

    The only way Rangel will be invesitgated is if he becomes a Republican.

    September 16, 2008 04:21 pm at 4:21 pm |
  4. Tina

    Has anyone taken notice of the recent ANTI-PALIN PROTESTS in
    ALASKA. GOOGLE IT. SOME HOW THE NEWS MEDIA IS TRYING TO PAY IT DOWN.

    IF THE PEOPLE FROM HER OWN STATE OF ALASKA DON'T TRUST AND SUPPORT HER....................WHAT SHOULD THAT TELL YOU.

    September 16, 2008 04:25 pm at 4:25 pm |
  5. Wisconsin Vet

    Let me get this right ......he owes $5000 in back taxes and want to pay them. Plus is releasing his personal finical records for the past 20 yrs with an ininvestagative team he is paying for. On crimes that can only go back 3yr.

    Am I the only one here that has lost his freaken mind

    LET HIM PAY WHAT HE OWES AND GET TO THE REAL ISSUES

    September 16, 2008 04:28 pm at 4:28 pm |
  6. Shari, NY

    Let's see what becomes of this before we rush to judgement. On that note, why are Palin's allies suing to halt the trooper investigation? Is there something to hide?

    September 16, 2008 04:30 pm at 4:30 pm |
  7. Tina

    HISTORY TEST 101 – MULTIPLE CHOICE:

    Which of the following word/s best describes WHY THE REPUBLICANS ARE HIDING AWAY SARAH PALIN FROM ANSWERING ANY QUESTIONS TO THE MEDIA.
    1. DECET
    2. LIES
    3. COVERUP
    4. DECEPTION
    5. CONCEL
    6. AMBIGIOUS
    7. UNDERHANDED
    8. WITHHOLD
    9 BACK DOOR POLITICS
    10 HOLD BACK THE TRUTH
    11 HUSH UP
    12 SUPPRESS
    13 KEEP MUM
    14 CONCEAL
    15 HIDE
    16 COVERT
    17 UNDISCLOSED
    18 FAILURE TO DISCLOSE
    19 MUMS THE WORD
    20 IT'S OUR LITTLE SECRET
    *******21 ALL OF THE ABOVE

    September 16, 2008 04:30 pm at 4:30 pm |
  8. Capablanca

    Another Obama mentor going down the toilet. We can speed up the process by electing a president Obama to throw another black man under the bus since he is so good at abandoning his troubled allies.

    September 16, 2008 04:33 pm at 4:33 pm |
  9. Donna in ID

    While they are at it lets just go through a bunch more. How did Obama qualify for his fancy property and build the home. How much has he hid through contractors and real estate agents. But the Main thing I want to see is his full list of donors since the roomer is they have recieved some through the Bank of China and Saudi Arabia and a couple UK countries. Then next who are his 2300 advisors and just why does he need so many. Is that who will be running the country and use hime for a fron man if he should get elected?

    September 16, 2008 04:33 pm at 4:33 pm |
  10. Tina

    SARAH PALIN.............IT'S BEST TO BE THOUGHT OF AS AN IDIOT.......................THAN TO SPEAK UP AND ERASE ALL DOUBT.

    WE KNOW WHY SHE IS HIDING..............GIDGET CAN'T GET IT TOGETHER. THE OLD GEEZER IS NOT THE BEST TEACHER.

    VOTE OBAMA-BIDEN 2008 & 2012

    September 16, 2008 04:33 pm at 4:33 pm |
  11. j.williams, san diego

    I wonder if Charlie is related to 'cold cash' William Jefferson ??

    September 16, 2008 04:36 pm at 4:36 pm |
  12. Tina

    GEEZER AND GIDGET................JUST DON'T GET IT.

    OBAMA/BIDEN 08/12

    September 16, 2008 04:41 pm at 4:41 pm |
  13. timber (ex dem)

    Nice to see Cafferty dragging race into the campaigns again. This country will never heal as long as there are people like Cafferty and Sharpton around to stir up trouble and make a nice living off of it. It is not enough that Obama won in states where 90% of the voters were white, not enough that he is the first African/white american to be nominated for a major party for POTUS. They would have us blackmailed into voting for him JUST BECAUSE he is black or we are automatically racist, nevermind qualifications. It is sick and it is what drove me from the corrupt Dem party.

    September 16, 2008 05:09 pm at 5:09 pm |
  14. Anonymous

    You know what the problem with Americans is? We have way too much idle time to sit around in an environment that is better than 90% of the rest of the world and complain about lies the media is throwing at us. Think for yourself.
    McCain is old and will run this country further into the ground than Bush already has.
    Palin is over her head and doesnt know her pig from a hole in the ground....even if it has lipstick on it!
    Rock On Obama! Woooohoooo.
    Obama for true leadership and restoration of American pride and respect in the international community.
    It's not all about you – bunch of whiners – just like McCain said. hhahaha
    Peace
    Obama for President ! woooooohoooooooooo

    September 16, 2008 05:15 pm at 5:15 pm |
  15. Jill

    Just read that John McCain said, and I quote, "I can keep your jobs safe". Is he kidding?!!? John McCain is one of the biggest supporters of off-shore jobs. He encourages big corporations to hire overseas.
    The Republican ticket is a joke.....what a mess they have become.

    September 16, 2008 05:15 pm at 5:15 pm |
  16. Doogie Howser

    You know what the problem with Americans is? We have way too much idle time to sit around in an environment that is better than 90% of the rest of the world and complain about lies the media is throwing at us. Think for yourself.
    McCain is old and will run this country further into the ground than Bush already has.
    Palin is over her head and doesnt know her pig from a hole in the ground....even if it has lipstick on it!
    Rock On Obama! Woooohoooo.
    Obama for true leadership and restoration of American pride and respect in the international community.
    It's not all about you – bunch of whiners – just like McCain said. hhahaha
    Peace
    Obama for President ! woooooohoooooooooo

    September 16, 2008 05:16 pm at 5:16 pm |
  17. Angie

    First he says foreign policy is his strength. Then he admits he knows little about the economy. He isn't winning his base, so he continues to throw fear into Americans by talking about terrorism, and he and only he can save us. Still he drags behind in the polls. Then he adds a women to pick up the Hillary vote, conveniently after Obama doesn't pick Clinton as a VP. Now McCain gets Americas attention, not because he can help this country, but because of Palin. Then he adds Obamas message of change. He is running against his own party because it has failed us so badly. Now he is stealing enough is enough. Why is America falling for this. It is all stated in another article in this Blog site! Obama is black, only half black, but black enough on the outside for all of the uneducated hate filled people in this country to not vote for him. If any of them cared to read his book, they would see a man that came from a very poor, one parent household. To a man that turned down wall street and all of the money that he could have made, so he could help the people that didn't have anything. He helped kids go to school, and get off drugs. He helped people find jobs, and housing. He also helped people find medical help. That is the life of a community organizer. The GOP has painted it to be a trouble maker??? America, if you had to pick these candidates without seeing them, what would you choose? Would it be someone that champions the current economic direction of this county, that is playing games with the American people,that hasn't a clue how many homes he owns, or would it be the community organizer that has lived just like the rest of us?

    September 16, 2008 05:17 pm at 5:17 pm |
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