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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBob Corker (R-TN) is "extremely disappointed" he got caught cheating on his financial disclosure
http://www.politico.com/story/2015/12/corker-wsj-216734Tennessee Sen. Bob Corker had not properly disclosed millions of dollars in income from real estate, hedge funds and other investments until last Friday, according to a Sunday evening report from The Wall Street Journal. The Republican senator said these were oversights he has since corrected.
I am extremely disappointed in the filing errors that were made in earlier financial disclosure reports, the Tennessee Republican told the Journal in a statement, after the newspaper had queried his office about his past financial reports that it said contained irregularities.
Corker, who is the third-ranking Republican on the Senate Banking Committee, did not properly disclose at least $2 million in income from investments in three separate hedge funds in Tennessee, as well as millions of dollars in income from commercial real estate investments because of an accounting error, and millions of dollars in various other assets and income from transactions.
This is the same Republican who tried to coerce workers at a Tennessee Volkswagon plant into voting against unionizing.
dmosh42
(2,217 posts)AllyCat
(16,039 posts)He gets to do what he wants with his money. He EARNED it after all.
malaise
(267,845 posts)resigned.
There really are different rules for ReTHUGs
Scuba
(53,475 posts)Of course Fox "News" will label him a (D) if they cover this transgression.
malaise
(267,845 posts)than I can contemplate
Enthusiast
(50,983 posts)merrily
(45,251 posts)long-time legislator who knows, or should know, tax laws.
No end to the nerve of these people.
Turbineguy
(37,212 posts)have moved to the Cayman Islands.
turbinetree
(24,632 posts)he's on the banking committee, and he fudges his "HEDGE FUNDS" investments income, this sticks his nose in workers union drive in clear violation of labor laws, and now he's walking around saying "my bad".
And then we have these quotes:
http://www.ontheissues.org/Senate/Bob_Corker.htm
Resign
Honk----------------------for a politcal revolution it is about te U.S. Supreme Court and a electing a progressive Congress
Bernie 2016
Betty Karlson
(7,231 posts)The man is fixed to his seat like a barnacle.
gregcrawford
(2,382 posts)... normal people cannot seem to get their heads around the fact that Republicans ADMIRE liars, cheats, and thieves. The swarm all wish that they could be that despicable.
Vinca
(50,172 posts)A receipt for a ream of copier paper maybe, but not an account with 7 figures in it. If he's this harried he should resign the Senate to tend to his affairs.
calikid
(579 posts)spanone
(135,637 posts)The senators office outlined those technical errors in a letter sent Friday to the secretary of the Senate. The letter notes 83 changes dating back to 2007, the year Corker arrived in the Senate.
-- Amend his disclosure for 2012 by increasing the range of commercial rental income he received from Corker Properties X LP. The income he previously reported was net income realized, but he amended it to reflect gross rental revenue before expenses, which put the asset into the income bracket of $1 million-$5 million. He pinpointed the rental income that year at $1.5 million.
-- Amend reports from previous years that under-reported at least $3.8 million in commercial rental income over seven years, according to the Wall Street Journal analysis.
-- Amend his 2014 report to correct the value of the Corker Development Corp., in which Corker has a partnership interest. The report originally valued the company at $1,000-$15,000. The amended value is $500,000-$1 million.
-- Amend the same report to add a previously unreported investment in Gerber Taylor Midland Fixed Income, a limited partnership. In this case, Corker reported the exact income from the investment -- $15,401.
http://www.tennessean.com/story/news/2015/12/14/sen-bob-corker-earned-millions-more-than-first-reported/77300670/