Monday, October 16, 2006

WaPo: Reid Decides to Amend Ethics Reports

Reid Decides to Amend Ethics Reports:
The Associated Press
Monday, October 16, 2006; 2:02 PM

WASHINGTON -- Senate Democratic leader Harry Reid announced Monday he is amending his ethics reports to Congress to more fully account for a Las Vegas land deal that allowed him to collect $1.1 million for property he hadn't personally owned for three years.

The Nevada Democrat also disclosed he failed to report two other smaller land deals on those same reports.

Reid acted several days after The Associated Press reported the senator didn't disclose to Congress that he first sold land to a friend's company back in 2001 and took an ownership stake in the company. He didn't collect the seven-figure payout until the company sold the land again in 2004 to others.

Reid portrayed the 2004 sale as a personal sale of land, making no mention of the company's ownership or its role in the sale.

Reid said his amended ethics reports will list the 2001 sale and the company, called Patrick Lane LLC...


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