Politico reports on controversy surrounding Rep. Rangel.
Rangel has admitted failing to report to the Internal Revenue Service income from Dominican rental property for two decades. In addition, he is accused of improperly using official letterhead to solicit contributions for an earmark-created education center named for him — and of violating New York City regulations by maintaining multiple rent-controlled apartments, including one for a campaign office.
In August, he restated his personal finances, revealing previously unreported assets and income of hundreds of thousands of dollars. He originally reported a range of assets of roughly between $500,000 and $1.3 million. The amended filing showed roughly $1 million to $2.5 million.