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Charlie Rangel Charged With Numerous Ethics Violations, Among Them Offshore Drilling Tax-Related Kickbacks

Tyler Durden's picture


In the latest black eye to the democrats' midterm election chances, Charlie Rangle, the former chairman of the ways and means committee was charged with a plethora of ethics violations, confirming yet again that the phrase "honest politician" is just as oxymoronic as "Non-stripper-abusing Wall Street CEO." And while we will leave the politics aside, one of the charges is particularly interesting as it ties in closely with the recently popular topic of offshore drilling. Specifically, one of the allegations against Rangel is that he was guilty of: "Preservation of a tax shelter for an oil drilling company, Nabors Industries, which has a chief executive who donated money to the center while Rangel's committee considered the loophole legislation." It appears offshore drilling is not just a republican provenance. If NBR is about to be exposed for a kickback scheme with one of the (allegedly) most "ethically violated" politicians, one wonders just what a detailed investigation into any very probable comparable corruption schemes by BP, DO, HAL, APC and others would reveal and just how far the trail of Corexit-laden corruption would lead.

The other allegations against Rangel, who will see a trial held against him next week, are as follows, courtesy of the HuffPo:

  • His use of official stationery to raise money for the Charles B. Rangel Center for Public Service at City College of New York.
  • Whether he had the Ways and Means Committee consider legislation
    that would benefit donors to the Rangel Center at the same time the
    congressman solicited donations or pledges.
  • Use of four rent-controlled apartment units in New York City, when
    the city's rent stabilization program is supposed to apply to one's
    primary residence. This raises the question of how all the units could
    be primary residences. One was a campaign office, raising a separate
    question of whether the rent break was an improper gift.
  • Whether Rangel, as required, publicly reported information on the
    financing and rental of his ownership interest in a unit within the
    Punta Cana Yacht Club in Punta Cana, Dominican Republic. Rangel also had
    to pay back taxes on the rental income.
  • Whether he intentionally failed to report – when required – hundreds
    of thousands of dollars or more in assets. The amended disclosure
    reports added a credit union IRA, mutual fund accounts and stock.

If the fourth most senior democrat is guilty of this (and possibly much more), one wonders why America still tolerate a class of politicians which is certainly the most corrupt group of humans to have ever existed, and where a full blown court trial of each and every one would reveal so much dirt, it would be sufficient to put normal citizens behind bars for thousands of years. But then again, when the entire nation is based on the same principle that got Barney Frank behind bars for 150 years, and where hypocrisy knows no bounds, there is little that can surprise one any more and nothing short of a revolution likely has any hope of any remedial action.


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Thu, 07/22/2010 - 18:25 | 484537 Rusty_Shackleford
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Maybe we could have David Fiderer do a whitewash of this too.

Thu, 07/22/2010 - 18:41 | 484573 Rick64
Rick64's picture

Senate Ethics Committee is the best at this. They can make any dirt totally disappear like majic .

Thu, 07/22/2010 - 19:04 | 484606 The 22nd Prime
The 22nd Prime's picture

"Senate Ethics" I'm cracking up...


Fri, 07/23/2010 - 08:31 | 485089 John Self
John Self's picture

Rostenkowski redux.

Thu, 07/22/2010 - 18:28 | 484549 traderjoe
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No one cares. It will be on Fox News for one news cycle, maybe. Even the Gulf seems to be fading a bit. Corrupt crony-capitalists/politicians driving our country into a ditch? Not that relevant - I'm going to go watch Hulu on my iPad now. 

Thu, 07/22/2010 - 21:37 | 484805 ColonelCooper
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More likely, it will be on FOX until they have beaten every last inkling of life out of it.


Fri, 07/23/2010 - 11:18 | 485325 Guinny_Ire
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And that would be a problem because you think Rangel is innocent?

Thu, 07/22/2010 - 18:30 | 484551 New_Meat
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dang, I always thought:

"... that the phrase "honest politician" ...

meant that the pol stayed bought.  Waddya think Timmy?

Guess I'm not so much modern any more...

- Ned

Thu, 07/22/2010 - 18:33 | 484554 Silver-Is-Better
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Couldn't happen to a more bent pol if you ask me.

Thu, 07/22/2010 - 18:36 | 484561 Mad Max
Mad Max's picture

Rangel is one of the most corrupt criminals in a House composed almost entirely of corruption (Ron Paul might be an exception).

This is newsworthy, but won't be treated as much of anything.  The corruption permeates the MSM as well.

We are a banana republic.  Probably have been for a while now.

Thu, 07/22/2010 - 18:39 | 484567 Ripped Chunk
Ripped Chunk's picture

Oh here's a surprise.

Trouble avoided him for years but he was breaking the rules all along. Guess he is not going along with the "new tax package" being drawn up by the Robber Bama team.So the machine discards him.



Thu, 07/22/2010 - 18:40 | 484571 NOTW777
NOTW777's picture

the most ethical pelosi congress EVER

Thu, 07/22/2010 - 18:44 | 484576 NOTW777
NOTW777's picture

LOL dems and big oil. how much did BP give obama.

lets hear it, its cheneys fault right.

this could lead to drastic results - charlie could lose his limo privileges for 4 days if found guilty - er that should be "mistaken"

Thu, 07/22/2010 - 18:58 | 484595 AR15AU
AR15AU's picture

Nabors...  isn't that one of Cramer's favorites?  

Thu, 07/22/2010 - 18:59 | 484597 vachon
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Gotta love HuffPost.  By the link labeled zerohedge is a thumbnail of Tyler/Pitt's nekkid torso.  Finance doesn't get any better than this.

Thu, 07/22/2010 - 19:29 | 484657 truont
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Well, Zerohedge iself chose that avatar for its Twitter account:

I suspect Marla Singer had a hand in the avatar selection...

Thu, 07/22/2010 - 20:56 | 484753 carbonmutant
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Thu, 07/22/2010 - 21:44 | 484814 ColonelCooper
ColonelCooper's picture

Gayer than eight guys blowing nine guys.

Thu, 07/22/2010 - 19:08 | 484615 The 22nd Prime
The 22nd Prime's picture

Charlie or Wesley? I think I know who'll do more hard time.

Thu, 07/22/2010 - 19:17 | 484636 Implicit simplicit
Implicit simplicit's picture

"Charley stole the handle and the train just won't stop going, no it couldn't slow down."

Thu, 07/22/2010 - 19:17 | 484637 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Who, this guy?

Rep. Charlie Rangel swears at Jason Mattera over scandal questions:

Thu, 07/22/2010 - 19:29 | 484656 The 22nd Prime
The 22nd Prime's picture

Why don't you mind your goddam business?

Finally some "honest" words from our leaders.

Thu, 07/22/2010 - 19:41 | 484674 Rick64
Rick64's picture

  Good video Hendrix

It is our Goddamn business if we are paying for your cadillac and your not paying your taxes yet head the tax writing committee.  Is it a prerequisite to violate the very policies of whatever committee you are a member of?

Thu, 07/22/2010 - 19:46 | 484678 Mr Lennon Hendrix
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Apparently, and now for the question, why?  Do they like cheating?  Or are they so dumb they don't know it is WRONG!

Fri, 07/23/2010 - 09:35 | 485157 Rick64
Rick64's picture

Greed .

Thu, 07/22/2010 - 20:48 | 484749 Miss Expectations
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I'll never get used to THE SMILE (Rangel's).  Jason's I liked.

Thu, 07/22/2010 - 19:20 | 484641 HEHEHE
HEHEHE's picture

Come on man lighten up, he's Charlie!

Thu, 07/22/2010 - 21:37 | 484726 Mr Lennon Hendrix
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"Heeeere's Charlie, ahahahar!"  Charlie had recieved the invite from Bawknee Fwank to visit the PPT Clubhouse only this morning, but he had nothing better to do than to stop by.  "Gwad ewe couwd madthe id Chahwee!"  No one else was around, and Baknee would be manning the controls for Friday.  BS had considered that this may be a mistake, but Bawknee needed to be thanked for the nice FinReg Bill, and this would be a good way to do it.  Bawknee loved mindless entertainment, as such was the PPT.

"Coumown inthide Chahwee.  Dis ith da wiveen woomb.  Wook at ouw newah couch danks to dee U.TH. Taxpayeths!"  He pointed to a brand spankin' new red white and blue sofa.  "AH, hahah!  Why don't I stretch out, harhar!"  Charlie jumped onto the couch with his wingtips first.  They were covered in mud from the walk to get to the Oak tree, and he dug them into the cushions.  "Oh ewe aw funny Chahwee.  Hee hee.  Funny!"  "F*** yo couch 'Merca!  Buy another one, you rich motha trucka!"  He was tickling Bawknee pink!  "Oooheeheeooo!  Ewe ah so funny Chahwee."

Tue, 07/27/2010 - 11:48 | 490286 Johnny Yuma
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These are awesome! You should have a cartoon made for these! I could picture it on SNL or the Comedy Channel.

Thu, 07/22/2010 - 19:21 | 484642 truont
truont's picture

With midterms upcoming, the House Dems have had enough of Rangel's extreme example of arrogant and blatant corruption.  They throw him overboard, hoping to save themselves...

Thu, 07/22/2010 - 20:56 | 484757 carbonmutant
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 He won't be the last.

Thu, 07/22/2010 - 21:07 | 484768 Cpl Hicks
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If that were true there would be a lot of blank spaces on the ballots come November and not just ones that look like " _______-D "

Thu, 07/22/2010 - 23:09 | 484886 Chump
Chump's picture

Maybe, but it's more likely that this will be viewed as just the icing on an already stale and crumbling cake.

Republicans will gain, Rangel or no Rangel.  Then they'll do their typical song and dance, probably get an R in the White House in 2012, screw up royally, then the Democrats will gain, blah blah blah.  The beat goes on.

That's all assuming we even make it to November, of course.

Fri, 07/23/2010 - 08:50 | 485112 RacerX
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Thu, 07/22/2010 - 19:24 | 484647 LoneStarHog
LoneStarHog's picture

He will be on Faux New's Bill O'Really and that tabloid-tv moron can say what he has said over and over when Rangel was on, "You're A Patriot, You're A Patriot"...That idiot would not know a patriot if one bit him in his so-called "Independent" ass!!!

Thu, 07/22/2010 - 19:29 | 484655 Debtless
Debtless's picture

Get Rangle the fuck outta congress - he's an embarrassment.

Thu, 07/22/2010 - 20:11 | 484703 JLee2027
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Fri, 07/23/2010 - 07:04 | 485050 nmewn
nmewn's picture

Congress must be racist...LOL.

Thu, 07/22/2010 - 19:35 | 484662 virgilcaine
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Were worse off  by 'saving the system'' .. When bernutty says we averted disaster.

For you and your corrupt buddies.

Thu, 07/22/2010 - 19:48 | 484680 sgt_doom
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I've always considered Rangel to be one of the numerous corporate crats who dare portray themselves as "democrats" and "progressives"  -- nothing could be further from the truth.

While I haven't been following Rangel's adventures lately, I recall he pushed through the Singapore Accords, with a hidden clause greatly expanding foreign visa worker numbers.

He was also part of the group back in the late '70s who created, and successfully lobbied for the tax break legislation for corporations which offshored Defense Department work, which prior to that had been outlawed!

And he did this in the name of "diversity" (somehow, to the corrupt politician, punishing Black & White - & Other - workers in the name of diversity is OK, as long as the jobs are offshored!)!

Thu, 07/22/2010 - 20:11 | 484705 Privatus
Privatus's picture

The Democrat got busted for these bribes only because he beat the Republican to them. Not one dime's worth of difference between the parties.

Fri, 07/23/2010 - 03:44 | 485018 dnarby
dnarby's picture


Vote third party.

If you want to waste your vote, then vote for a demorepubicrat.

I prefer the Libertarians myself.

Fri, 07/23/2010 - 11:18 | 485324 Cpl Hicks
Cpl Hicks's picture


Who are they?...seriously.

Thu, 07/22/2010 - 20:14 | 484709 King_of_simpletons
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Repubs will bust Dems for ethics violation. Dems will bust Repubs for being gay. The circle of divide and rule continues thusly and the morons (us) masturbate to this orgy.

Thu, 07/22/2010 - 20:16 | 484712 Sqworl
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This is the most appropriate political song.

Fri, 07/23/2010 - 03:46 | 485019 dnarby
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Rollins blows that lame shit into smithereens.

Thu, 07/22/2010 - 20:34 | 484731 P-K4
P-K4's picture

Charlie needs a few more serious charges to come forth before his name comes before the committee on the Nobel "Piece" Prize, currently Blago and Arminnejad are edging him out.  

Thu, 07/22/2010 - 20:53 | 484752 Miss Expectations
Miss Expectations's picture

EEEE Gads...

Yer a bunch of racists.

(Just wanted to be first, that's ALL)

Thu, 07/22/2010 - 21:00 | 484764 wcvarones
wcvarones's picture

Why are you not publishing David Fiderer's opinion?

I'm sure this is all just a right-wing smear campaign.

Thu, 07/22/2010 - 21:08 | 484771 Lord Welligton
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"Non-stripper-abusing Wall Street CEO."
This is why I donated to ZeroHedge the last time (yes, that's once) this is
why I do it again and now.
I suggest the rest of you do the same.
And no it's not because I had a chuckle at the idea.
It is because ideas are important and sometimes they must for the sake of
clarity be succinct.

Donate now bitches.

Thu, 07/22/2010 - 21:11 | 484773 Terra-Firma
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Maybe It's time to institute capital punishment for TRAITORS!!! A well placed muzzle would certainly encourage more free speach from the lying bastard.


Thu, 07/22/2010 - 21:15 | 484774 Fred Hayek
Fred Hayek's picture

Can't wait to hear from Respiloquacious how this is just a fraud and a witch hunt, like any disagreement with the notion of anthropogenic global warming.

I wish this were a few different other dumocrat leaders rather than Rangel.  He at least had a patina of intellectual integrity when he was interviewed.  He could be moderately interesting.  Dipshits like Pelosi couldn't behave like anything more than simulacrums of human beings.

Thu, 07/22/2010 - 21:16 | 484777 Misean
Misean's picture


Thu, 07/22/2010 - 21:28 | 484794 Akrunner907
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Rangel will retire from the congress and take his millions with him and still receive a pension and health care for life.  And the politicians will claim the system works.  This country will be better when the cockroaches take over.

Thu, 07/22/2010 - 21:33 | 484800 DoctoRx
DoctoRx's picture

A true Charlie Rangel story:

One of my patients was another liberal Dem Representative.  As he was leaving the hospital after a major stroke shortly before Clinton won the election, he treated me and the CEO of the hospital to dinner at the best restaurant in town (Miami).  Rangel was in town, was invited and arrived a bit late.  Before he sits down, he announces words to the effect that:
There's going to be socialized medicine, it's just a question of when we can find the 200 Billion a year we need to pay for it.

It took a long time, but he got his wish.  But nowadays they don't even really talk about paying for it. 

Not that justice will be served, but wouldn't it be nice if they stuck him next to Madoff?

Fri, 07/23/2010 - 11:50 | 485406 frank
frank's picture

Rangel, Pelosi and the like put Madoff to shame:

"There's a group of people who really love the U.S. health care system -- the fraudsters, scammers and organized criminal gangs who are bilking the system of as much as $100 billion a year."

Thu, 07/22/2010 - 21:48 | 484817 Bartanist
Bartanist's picture

I am convinced that 97.5% of the people prefer to be lied to if it helps them ignore anything uncomfortable, such as the fact that they are over 50, fat and balding with a bad attitude (oh, wait that's me).

People allow corrupt politicians and fraud banks because the acknowledgment that their world is not as the main stream media portrays it would mean that they are living a lie... can't have that ... hope and change, ya know, eh?

Thu, 07/22/2010 - 22:06 | 484831 contrabandista13
contrabandista13's picture

A liberal Democratic, African American Congressman, from the North East has much more in common with with a conservative, Republican, Anglo Saxon Congressman from the Deep South than he does with his own African American constituent in the same way that a rich Christian has much more in common with a rich Muslim than he does with a poor Christian...

Just don't let the poor Christian African American and Anglo Saxon constituents find out about this.

It looks like that big bucket of shit is a little too close to the fan... Be careful.....



Thu, 07/22/2010 - 22:34 | 484857 Lord Welligton
Lord Welligton's picture


Thu, 07/22/2010 - 23:20 | 484892 trav7777
trav7777's picture

Yeah, um, Durden, I think you meant Bernie Madoff in jail, not Barney Frank.  The latter piece of shit is still free and roaming the streets looking for hairy assholes in which to find love

Thu, 07/22/2010 - 23:54 | 484918 whether underground
whether underground's picture

Rangel doing a perp walk would warm my heart although I'm sure that somehow proves I'm a racist.

Thu, 07/22/2010 - 23:58 | 484922 svendthrift
svendthrift's picture

Yes he's corrupt. But what is his position on Israel? Let's be substantive here.

Fri, 07/23/2010 - 00:43 | 484962 digalert
digalert's picture

So WTF? The ethics panel spends two years to determine whether anything un-ethical occurred. Having found alleged, damning, possible shadings that something stinks. A "Blue Ribbon Panel" will investigate alleged, possible evidence with a weak overview and deadline of December 2014. At the time, at wet finger to the wind, will determine if their is any public interest in pursuing the fraud for another two years. The hope being that at that time the populace will say "Rangel who"?

Fri, 07/23/2010 - 00:54 | 484973 DaveyJones
DaveyJones's picture

Dig your last paragraph Tyler

Fri, 07/23/2010 - 01:49 | 484998 Testicular Cancer
Testicular Cancer's picture

If the fourth most senior democrat is guilty of this (and possibly much more), one wonders why America still tolerate a class of politicians which is certainly the most corrupt group of humans to have ever existed, and where a full blown court trial of each and every one would reveal so much dirt, it would be sufficient to put normal citizens behind bars for thousands of years. But then again, when the entire nation is based on the same principle that got Barney Frank behind bars for 150 years, and where hypocrisy knows no bounds, there is little that can surprise one any more and nothing short of a revolution likely has any hope of any remedial action.


Simple Tyler. We cant kill them (yet). Poison anyone?

Fri, 07/23/2010 - 05:29 | 485029 anony
anony's picture

"..a revolution likely has any hope of any remedial action".


Only one problem with revolution.  Considering that those who vote for the likes of Dodd, Frank, Rangel, and likely the rest of CONgress, are already well aware of the unindicted felons that they have chosen, even vote for them after they have been arrested and charged,  AND considering that the M.O. for most voters is "he may be a lying sonofabitch, but at least he's our sonofabitch", what would a revolution accomplish?

We would still find a vast majority of our fellows are corrupt, unindicted felons themselves.

Meanwhile, the entire process of voting itself has ben nullified by, "The Shadow Elite" (and why that book hasn't gotten the attention it deserves is far beyond my meager comprehension) a group of 'new boys and girls' allied in an amorphous power grab that makes despots and tyrants look like school yard bullies.

I'm afraid a revolution, other than upsetting one status quo and ushering in another, would only change the players and not the game.

What is needed instead is a benevolent dictator with great wisdom, a standing army with Domestic powers of persuasion, and Solomonic determination to tolerate very little nonsense.

The odds of that are about the chances of my winning the Irish Sweepstakes, or zero to 6 billion.

Fri, 07/23/2010 - 09:23 | 485143 RockyRacoon
RockyRacoon's picture

The same "voters" would be the ones to turn you in to the authorities for hoarding, and watch from their porches as your family is marched toward the train station for a trip to the rehabilitation camp.

Fri, 07/23/2010 - 11:36 | 485363 Mad Max
Mad Max's picture

Which of course happened in Germany, Austria, occupied Poland, and I'm sure 30+ other countries in similar times of stress.

Humanity isn't all that pretty at times of stress.  And you're probably delusional if you think your area/neighborhood/whatever is immune.

Fri, 07/23/2010 - 08:36 | 485095 ATTILA THE WIMP


Charles Rangel is a member of the Trilateral Commission and the Freemasons.

Will he be expelled from either? Don’t hold your breath.

Fri, 07/23/2010 - 12:01 | 485437 frank
frank's picture

the best part is that this scumbag used to be the chairman of the house ways and means committee, and he is still on the committe somehow.... insanity:

Rangel's taxpayer subsidized cadilac:

Rangel's FOUR rent stabilized apartments:

Rangel's failure to report income from (take your pick...)






Fri, 07/23/2010 - 14:55 | 485943 Trailer Trash
Trailer Trash's picture

Cpl Hicks,  Nobody responded to you.  Check out your local Libertarian party.  Libertains are limited government folks.  In my state, the Libertarians are a fairly strong party  Some people might consider Ron Paul a Libertarian.

Do NOT follow this link or you will be banned from the site!