From CNN:
WASHINGTON (AP) -- Senate Democratic leader Harry Reid is awaiting word from the Senate ethics committee on whether he failed to properly account for a business deal that allowed him to collect a $1.1 million windfall on land he hadn't personally owned for three years.
Reid sought the opinion after The Associated Press reported Wednesday that the senator didn't disclose to Congress that he first sold the 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.
(CNN)
Hugh Hewitt pinpoints the key passage in the story:
Reid and his wife, Landra, personally signed the deeds selling their full interest in the property to Brown's company, Patrick Lane LLC, for the same $400,000 they paid in 1998, records show.
Despite the sale, Reid continued to say on his public ethics reports that he personally owned the land until it was sold again in 2004. His disclosure forms to Congress do not mention an interest in Patrick Lane or the company's role in the 2004 sale.
(Hugh Hewitt)
Cheer up, Democrats. It's not like he e-mailed a young man to ask for a photograph. Or worse, got word that another Democrat had sent out overly friendly e-mails and then failed to pursue an investigation.
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