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Schadow
Vice Admiral
Joined: 30 Sep 2004
Posts: 936
Location: Huntsville, Alabama
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 Posted: Thu Oct 12, 2006 1:53 am Post subject: Harry Reid's shady land deal. Convene the Ethics Committee. |
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From WorldNet Daily today:
| Quote: | Corruption claimed
in Harry Reid deal
Senate Minority Leader hung up phone
when queried about $1 million windfall
------------------------------------------------------------------------
Posted: October 11, 2006
Senate Democratic Leader Harry Reid hung up the phone when questioned by the Associated Press about a $1.1 million windfall on land he had not owned for three years, the wire service is reporting.
Reid collected on the Las Vegas land sale in a deal engineered by a longtime friend and former casino lawyer, Jay Brown, whose name has surfaced in organized crime investigations, the AP said.
According to records and interviews obtained by the AP, the senator did not disclose to Congress an earlier sale in which he transferred his land to a company created by a friend and took a financial stake in the company.
Defending the senator, his aides argued the deal was not disclosed because it was considered a "technical transfer."
No money changed hands, they insisted, and Reid's ownership stake in Brown's company was equal to the value of his land. The senator, they contended, also continued to pay taxes on the land.
The aides also explained there were no documents to prove Reid's stake in the company, because it was an informal agreement between friends.
The AP said Reid bought the undeveloped residential property on the outskirts of Las Vegas for about $400,000 and sold it in 2001 for the same price to Brown's limited liability corporation.
Reid did not disclose the sale on his annual public ethics report or tell Congress he had any stake in Brown's company, the AP notes, but continued to report to Congress that he personally owned the land.
Brown then convinced local officials to rezone the property for a shopping center before his company sold the land in 2004 to other developers.
Reid nearly tripled his investment, taking $1.1 million of the proceeds. He then reported it to Congress as a personal land sale.
The AP said Reid hung up the phone when questioned about the deal during an interview last week.
Reid spokesman Jim Manley told the wire service the 1998 purchase "was a normal business transaction at market prices."
"There were several legal steps associated with the investment during those years that did not alter Senator Reid's actual ownership interest in the land," he said.
But Senate ethics rules require lawmakers to disclose on their annual ethics report all transactions involving investment properties, regardless of profit or loss, the wire service points out, and to report any ownership stake in companies.
A former Federal Election Commission official affirmed Reid's failure to report the sale and his ties to Brown's company violated Senate rules.
"This is very, very clear," said Kent Cooper, who oversaw government disclosure reports for federal candidates for two decades. "Whether you make a profit or a loss you've got to put that transaction down so the public, voters, can see exactly what kind of money is moving to or from a member of Congress.
"It is especially disconcerting when you have a member of the leadership, of either party, not putting in the effort to make sure this is a complete and accurate report," said Cooper. "That says something to other members. It says something to the Ethics Committee." |
Who owns the culture of corruption?
Schadow
_________________
Capt, 8th U.S. Army, Korea '53 - '54 |
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USAFE5
PO2
Joined: 23 Aug 2004
Posts: 362
Location: Reno Nevada
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| Posted: Thu Oct 12, 2006 2:13 am Post subject: |
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http://www.reviewjournal.com/lvrj_home/2006/Oct-11-Wed-2006/news/reid_land_sale.html
More details here. This makes me ashamed to live in Nevada.
| Quote: | The senator's aides said no money changed hands in 2001 and that Reid instead got an ownership stake in Brown's company equal to the value of his land. Reid continued to pay taxes on the land and didn't disclose the deal because he considered it a "technical transfer," they said.
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"The most terrifying words in the English language are: I'm from the government and I’m here to help." Ronald Reagan |
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SBD
Admiral
Joined: 19 Aug 2004
Posts: 1022
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| Posted: Thu Oct 12, 2006 2:20 am Post subject: |
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Their numbers are way off and the sale price is not equal to what was paid!!
| Quote: | CLARK COUNTY, NV 520 S 4TH ST, LAS VEGAS, NV 89101
*** THIS DATA IS FOR INFORMATION PURPOSES ONLY ***
PROPERTY TRANSFER RECORD FOR CLARK COUNTY, NV
Buyer: REID, HARRY; REID, LANDRA; BROWN, JAY (Husband and Wife); BROWN, SHARYN, Tenants in Common
Buyer Mailing Address: C/O JAY BROWN ATTY, 520 S 4TH ST, LAS VEGAS, NV 89101
Seller: SIGAL, DALE LYNN; SIGAL, ISAAC
Property Address: 520 S 4TH ST, LAS VEGAS, NV 89101
**************************** SALES INFORMATION *****************************
Sale Date: 1/7/1998
Recorded Date: 2/11/1998
Sale Price: $ 134,500 (Full Amount Computed From Transfer Tax)
County Transfer Tax: $ 336.25
Book/Page: 980211/186
Deed Type: DEED
Assessor's Parcel Number: 163-31-601-015
Legal Description: LOT: 2; CITY: LAS VEGAS; SEC/TWN/RNG/MERIDIAN: SW4SE4SE4NE4 S31T21SR60E MDB&M
*************************** MORTGAGE INFORMATION ***************************
Title Company: LAND TITLE |
| Quote: |
CLARK COUNTY, NV
*** THIS DATA IS FOR INFORMATION PURPOSES ONLY ***
PROPERTY TRANSFER RECORD FOR CLARK COUNTY, NV
Buyer: PATRICK LANE LLC (Company/Corporation)
Buyer Mailing Address: C/O JAY BROWN, 520 S 4TH ST 2ND FLR, LAS VEGAS, NV 89101
Seller: REID, HARRY M (Trustee/Conservator); REID, LANDRA L (Trustee/Conservator); REID FAMILY TRUST (Family Trust); BROWN, JAY; BROWN, SHARYN (Husband and Wife)
Seller Mailing Address: 520 S 4TH ST, LAS VEGAS, NV 89101
**************************** SALES INFORMATION *****************************
Sale Date: 6/4/2001
Recorded Date: 6/18/2001
Sale Price: $ 265,000 (Full Amount)
County Transfer Tax: $ 662.50
Book/Page: 20010618/1284
Deed Type: BARGAIN AND SALE DEED
Assessor's Parcel Number: 163-31-601-015
Legal Description: SEC/TWN/RNG/MERIDIAN: SW4SE4SE4NE4 S31T21SR60E MDB&M
*************************** PROPERTY DESCRIPTION ***************************
Land Use: LAND (UNIMPROVED) |
| Quote: |
NEVADA SECRETARY OF STATE
THIS DATA IS FOR INFORMATIONAL PURPOSES ONLY
CERTIFICATION CAN ONLY BE OBTAINED THROUGH THE ISSUING GOVERNMENT AGENCY
NEVADA SECRETARY OF STATE
Company Name: PATRICK LANE, LLC (MANAGED BY MANAGERS)
Mailing Address: 520 S FOURTH
LAS VEGAS, NV 89101
Type: LIMITED LIABILITY COMPANY (DOMESTIC)
Status: ACTIVE (CURRENT LIST OF OFFICERS ON FILE)
Standing: CURRENTLY IN GOOD STANDING
Status Date: 4/8/2004
Filing Date: 4/26/2001
Duration: PERPETUAL
Expiration Date: 4/26/2031
State or Country of Incorporation: NEVADA
Purpose: ALL LEGAL ACTIVITIES; $125 P/U 2CC; HAS NO GAMING
Registered Agent: JAY H. BROWN
Status: ACCEPTED
Creation Date: 4/26/2001
Companies Represented: 139
Companies in Good Standing: 61
Registered Office: 520 S. FOURTH ST.
LAS VEGAS, NV 89101
Members, Managers, Partners: JAY H BROWN
MANAGER
520 S FOURTH STREET
LAS VEGAS, NV 89101
Added Date: 4/26/2001
Filing Number: LLC4299-2001
Annual Report: Date Due: 2005
Report Date: 4/8/2004
Comments: ANNUAL LIST OF OFFICERS; Number of Officers Reported: 3
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SBD |
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SBD
Admiral
Joined: 19 Aug 2004
Posts: 1022
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| Posted: Thu Oct 12, 2006 2:33 am Post subject: |
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I take that back, here is the other property. Notice the buyer address on this one is Jay Brown's but his name is not listed like the previous transfers.
| Quote: | CLARK COUNTY, NV
*** THIS DATA IS FOR INFORMATION PURPOSES ONLY ***
PROPERTY TRANSFER RECORD FOR CLARK COUNTY, NV
Buyer: REID, HARRY M; REID, LANDRA, Joint Tenancy
Buyer Mailing Address: 520 S 4TH ST 2ND FLR, LAS VEGAS, NV 89101
Seller: LESSMAN, FRED (Married Man); KRAMER, DANIEL (Single or Unmarried Man)
**************************** SALES INFORMATION *****************************
Sale Date: 1/21/1998
Recorded Date: 2/11/1998
Sale Price: $ 265,000 (Full Amount Computed From Transfer Tax)
County Transfer Tax: $ 662.50
Book/Page: 980211/555
Deed Type: DEED
Assessor's Parcel Number: 163-31-601-014
Legal Description: LOT: 1
Brief Description: PORTION W2 SE4 SE4 NE4 SEC31 TWP21S RNG60E MDB&M
*************************** MORTGAGE INFORMATION ***************************
Title Company: OLD REPUBLIC TITLE COMPANY |
| Quote: | CLARK COUNTY, NV
*** THIS DATA IS FOR INFORMATION PURPOSES ONLY ***
PROPERTY TRANSFER RECORD FOR CLARK COUNTY, NV
Buyer: PATRICK LANE LLC (Company/Corporation)
Buyer Mailing Address: C/O JAY BROWN, 520 S 4TH ST 2ND FLR, LAS VEGAS, NV 89101
Seller: REID, HARRY M (Trustee/Conservator); REID, LANDRA J (Trustee/Conservator); REID FAMILY TRUST (Family Trust)
Seller Mailing Address: 520 S 4TH ST, LAS VEGAS, NV 89101
**************************** SALES INFORMATION *****************************
Sale Date: 6/13/2001
Recorded Date: 6/20/2001
Sale Price: $ 265,000 (Full Amount)
County Transfer Tax: $ 662.50
Book/Page: 20010620/1284
Deed Type: BARGAIN AND SALE DEED
Assessor's Parcel Number: 163-31-601-014
Legal Description: LOT: 1
Brief Description: PORTION W2 SE4 SE4 NE4 SEC31 TWP21S RNG60E MBD&M
*************************** PROPERTY DESCRIPTION ***************************
Land Use: LAND (UNIMPROVED) |
SBD |
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I B Squidly
Vice Admiral
Joined: 26 Aug 2004
Posts: 879
Location: Cactus Patch
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| Posted: Thu Oct 12, 2006 7:47 pm Post subject: a little aside |
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Remember the film, "Casino" (1995) starring de Niro? There's a sleasy State Gaming Commissioner played by Dickie Smothers. Smile if you guessed it was really Harry Reid.
From IMDb
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Dick Smothers' character, Senator, is partly based on Nevada Senator Harry Reid, who was chairman of the Nevada Gaming Commission. The scene in which Sam Rothstein is denied a license by the Nevada Gaming Commission is based on a December 1978 hearing when Harry Reid was the commission's chairman; some of Reid's statements are used in Smothers' dialogue. The scene was shot in an actual courtroom in the Clark County Courthouse, which was later closed in 2005. |
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"KILL ALL THE LAWYERS!"
-Wlm Shakespeare |
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streetsweeper95B
PO2
Joined: 25 Nov 2004
Posts: 365
Location: Texas
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| Posted: Thu Oct 12, 2006 7:54 pm Post subject: |
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That was bad IB Squidly but good! Hehehe!
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Schadow
Vice Admiral
Joined: 30 Sep 2004
Posts: 936
Location: Huntsville, Alabama
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| Posted: Thu Oct 12, 2006 7:57 pm Post subject: |
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| USAFE5 wrote: | | ....This makes me ashamed to live in Nevada. |
As you probably know, USAFE5, for quite some time there has been an effort to relocate the endangered desert tortoise (Gopherus agassizi) from areas being developed in the ever-expanding Las Vegas region. This land which Reid is involved in is, as I remember, squarely in the middle of tortoise habitat.
It would be interesting to find out if the animals in that area have been moved or if some special exemption was somehow granted through political action.
If you have the time or inclination, see if you can find a Las Vegas office of the Nevada Department of Conservation & Natural Resources. (The department is headquartered in Carson but they might have a Vegas office.) They are the agency responsible for the relocation program. They might be able to shed some light on any waivers, etc., associated with the North Vegas property. If Reid could be linked to dead tortoises, well.....
Schadow
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Capt, 8th U.S. Army, Korea '53 - '54 |
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shawa
CNO
Joined: 03 Sep 2004
Posts: 2004
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| Posted: Fri Oct 13, 2006 4:14 pm Post subject: |
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SBD! CONGRATULATIONS!!
Just listening to Rush talking about your research and post at Stratasphere!!!
http://strata-sphere.com/blog/
_________________
“I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. ‘Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death.” (Thomas Paine, 1776)
Last edited by shawa on Fri Oct 13, 2006 4:33 pm; edited 1 time in total |
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streetsweeper95B
PO2
Joined: 25 Nov 2004
Posts: 365
Location: Texas
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| Posted: Fri Oct 13, 2006 5:17 pm Post subject: Congratulations SBD! |
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Way to go, SBD! Give 'em hell pal!
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GenrXr
Master Chief Petty Officer of the Navy
Joined: 05 Aug 2004
Posts: 1720
Location: Houston
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| Posted: Sun Oct 15, 2006 5:49 am Post subject: Re: a little aside |
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| I B Squidly wrote: | Remember the film, "Casino" (1995) starring de Niro? There's a sleasy State Gaming Commissioner played by Dickie Smothers. Smile if you guessed it was really Harry Reid.
From IMDb
| Quote: |
Dick Smothers' character, Senator, is partly based on Nevada Senator Harry Reid, who was chairman of the Nevada Gaming Commission. The scene in which Sam Rothstein is denied a license by the Nevada Gaming Commission is based on a December 1978 hearing when Harry Reid was the commission's chairman; some of Reid's statements are used in Smothers' dialogue. The scene was shot in an actual courtroom in the Clark County Courthouse, which was later closed in 2005. |
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this is interesting...good movie as well
truth be told if the media put the microsope used on republicans on the dems there would be no democratic party....they would all be in prison
_________________
"An activist is the person who cleans up the water, not the one claiming its dirty."
"All that is necessary for evil to triumph is for good men to stand by and do nothing." Edmund Burke (1729-1797), Founder of Conservative Philosophy |
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greasepaint
Seaman
Joined: 10 Aug 2004
Posts: 177
Location: Texas
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| Posted: Sun Oct 15, 2006 12:24 pm Post subject: |
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what was Reid's motive?,
for bothering to go thru this shell game. |
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SBD
Admiral
Joined: 19 Aug 2004
Posts: 1022
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| Posted: Sun Oct 15, 2006 9:28 pm Post subject: |
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I have been unable to find this article online, so here is a link to a PDF of the entire article.
| Quote: | Orlando Sentinel (Florida)
June 23, 2003 Monday, FINAL
SECTION: A SECTION; Pg. A4
LENGTH: 722 words
HEADLINE: FAMILY TIES ARE GOLDEN IN D.C. INFLUENCE GAME
BYLINE: Chuck Neubauer and Richard T. Cooper, Washington Bureau
Some highlights:
“WASHINGTON — It was the kind of legislation that slips under the radar here.
The name alone made the eyes glaze over: “The Clark County Conservation of Public Land and Natural Resources Act of 2002.” In a welter of technical jargon, it dealt with boundary shifts, land trades and other arcane matters — all in Nevada.
As he introduced it, Nevada’s senior U.S. senator, Democrat Harry Reid, assured colleagues that his bill was a bipartisan measure to protect the environment and help the economy in America’s fastest-growing state.
What Reid did not explain was that the bill promised a cavalcade of benefits to real-estate developers, corporations and local institutions that were paying hundreds of thousands of dollars in lobbying fees to his sons’ and son-in-law’s firms, federal lobbyist reports show.”
“Other provisions were intended to benefit a real-estate development headed by a senior partner in the Nevada law firm that employs all four of Reid’s sons — by moving the right-of-way for a federal power-transmission line off his property and onto what had been protected federal wilderness.”
“But Harry Reid is in a class by himself. One of his sons and his son-in-law lobby in Washington for companies, trade groups and municipalities seeking Reid’s help in the Senate. A second son has lobbied in Nevada for some of those same clients, and a third has represented a couple of them as a litigator.
In the past four years alone, their firms have collected more than $2 million in lobbying fees from special interests that were represented by the children and helped by the senator in Washington.
So pervasive are the ties among Reid, members of his family and Nevada’s leading industries and institutions that it’s difficult to find a significant field in which such a relationship does not exist.” |
SBD |
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USAFE5
PO2
Joined: 23 Aug 2004
Posts: 362
Location: Reno Nevada
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| Posted: Sun Oct 15, 2006 10:25 pm Post subject: |
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I checked for the local office of the folks who are supposed to be incharge of the Tortoises and there is nothing on the site about them LOL
Most of the desert tortoises have been long gone from the Vegas Valley for years I was told and the only ones that are endangered are relocated as they are found out to the Red Rock Canyon national park. I guess eminant domain laws are applied to the tortoises too huh?
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