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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Rusty_Shackleford's picture

Maybe we could have David Fiderer do a whitewash of this too.

Rick64's picture

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

The 22nd Prime's picture

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


traderjoe's picture

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. 

ColonelCooper's picture

More likely, it will be on FOX until they have beaten every last inkling of life out of it.


Guinny_Ire's picture

And that would be a problem because you think Rangel is innocent?

New_Meat's picture

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

Silver-Is-Better's picture

Couldn't happen to a more bent pol if you ask me.

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.

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.



NOTW777's picture

the most ethical pelosi congress EVER

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"

AR15AU's picture

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

vachon's picture

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.

truont's picture

Well, Zerohedge iself chose that avatar for its Twitter account:

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

The 22nd Prime's picture

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

Implicit simplicit's picture

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

Mr Lennon Hendrix's picture

Who, this guy?

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

The 22nd Prime's picture

Why don't you mind your goddam business?

Finally some "honest" words from our leaders.

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?

Mr Lennon Hendrix's picture

Apparently, and now for the question, why?  Do they like cheating?  Or are they so dumb they don't know it is WRONG!

Miss Expectations's picture

I'll never get used to THE SMILE (Rangel's).  Jason's I liked.

HEHEHE's picture

Come on man lighten up, he's Charlie!

Mr Lennon Hendrix's picture

"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."

Johnny Yuma's picture

These are awesome! You should have a cartoon made for these! I could picture it on SNL or the Comedy Channel.

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...

Cpl Hicks's picture

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 "

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.

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!!!

Debtless's picture

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

virgilcaine's picture

Were worse off  by 'saving the system'' .. When bernutty says we averted disaster.

For you and your corrupt buddies.

sgt_doom's picture

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!)!

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.

dnarby's picture


Vote third party.

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

I prefer the Libertarians myself.

Cpl Hicks's picture


Who are they?...seriously.

King_of_simpletons's picture

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.

Sqworl's picture

This is the most appropriate political song.

dnarby's picture


Rollins blows that lame shit into smithereens.

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.  

Miss Expectations's picture

EEEE Gads...

Yer a bunch of racists.

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

wcvarones's picture

Why are you not publishing David Fiderer's opinion?

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

Lord Welligton's picture

"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.
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Donate now bitches.