Unformatted text preview: failing to disclose rental income on properties he owned in the Dominican Republic. Also, Rangel allegedly lived in multiple rent stabilized apartments in New York City while claiming his residency in Washington, D.C. for tax purposes. In July, Rangel was charged with thirteen counts of violating House rules and federal laws, and is facing a formal trial in the House to determine his fate. Since the allegations, Rangel has stepped down as Ways and Means chair. It is reassuring that a political figure can be prosecuted for breaking the law unlike other political figures like Timothy Geithner....
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This note was uploaded on 11/29/2010 for the course ACC 331 taught by Professor Dr.lee during the Fall '10 term at Jefferson College.
- Fall '10