An Ethics panel has detailed 13 charges against New York Democrat Congressman Charlie Rengel (NY-15)- including failure to disclose income from a vacation rental property in the Dominican Republic, as well as another $600,000 in assets on his Congressional financial disclosure statements as well as his four rent-controlled apartments.
Republican Congressman Michael McCaul (TX-10), ranking member of the House Committee on Standards of Official Conduct said that Rangel was given ample opportunity to settle charges during the investigative process, and that there would be no plea deal.
The failure to reach any sort of plea deal on Rangel or the panel's part would mean that televised hearings against the New York Congressman right before the November mid-term elections would be a certainty.
Rangel is reportedly paying for his legal defense with campaign funds as well as donations from K street lobbyists and unions.
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