Manchin’s Failure to Report $700K D.C. Yacht Sparks Call for Probe From Watchdog – IOTW Report

Manchin’s Failure to Report $700K D.C. Yacht Sparks Call for Probe From Watchdog

Thursday, 11 October 2018, 20:45 MJA Uncategorized 15

WFB:

A government watchdog group is calling for a probe into Joe Manchin’s (D., W.V.) failure to report ownership of a limited liability company that holds a $700,000 yacht he lives on while he is in Washington, D.C.

A complaint was filed to the Senate Select Committee on Ethics Thursday by the Foundation for Accountability and Civic Trust (FACT), a D.C.-based ethics watchdog organization, alleging that Manchin violated Senate Ethics Rules in relation to financial disclosures.

Manchin bought a 65-foot yacht, which he named “Almost Heaven”, in October 2013 for $700,000. Manchin later transferred ownership of the yacht to Country Roads Marine LLC—a West Virginia-based LLC—that Manchin and his wife incorporated and are listed as members and officers, records show. Manchin docks the boat on the Potomac River in Southeast D.C. and resides in it while he is in the city.

However, since 2013, Manchin has failed to report ownership of Country Roads Marine LLC, which FACT says is a “serious violation of Senate Ethics Rules,” given they require senators to list “outside compensation, holdings, transactions, liabilities, positions held and gifts received” on their financial disclosure reports.

“Senate Ethics Rules and Federal law require that Senators ‘must indicate outside compensation, holdings, transactions, liabilities, positions held and gifts received on their Financial Disclosure Reports,” the complaint notes, quoting the Senate Ethics Manual. “The Senate Ethics Manual further clarifies that Senators must disclose ‘[a]ny property held by the filer, his/her spouse, and/or dependent children for investment or the production of income’ if their interest in the property is ‘worth more than $1,000 at the close of the reporting period or the property generated income of more than $200 during the reporting period.” read more

15 Comments on Manchin’s Failure to Report $700K D.C. Yacht Sparks Call for Probe From Watchdog

  6. But McCaskill can steer $131 Million (tax dollars) to her husband’s business, but that’s OK?
    Mad Max Waters can steal $Millions through her husband’s business, and that’s OK?
    HRC can sell passwords to her “Secret Server” for something like $200 Million and that’s OK?
    Harry Reid, Chuck Schumer, yada, yada, yada … and those are all OK?
    Kerry and HIS yacht?

    Sheesh! I don’t condone corruption, but this seems a tad … retributive?

    izlamo delenda est …

    13

  11. It doesn’t sound like Manchin did much wrong. His purchase of the boat, his transfer to a wholly owned company, his ownership of the company, and the fact that he lives on it while in Washington were all in the open.

    If a politician plays financial shenanigans and gets caught, I say hang him or her from a high tree. I’m not defending Manchin, but this seems to be no secret.

    5

Comments are closed.

iOTWreport.com ©2024 ----- iOTWreport is not responsible for the content of comments. All opinions in comments are solely the commenter's.