Hill: Renzi Didn't Report $200K Payment
From The Hill
Rep. Rick Renzi (R-Ariz.) failed to disclose a $200,000 payment he received from a business partner in 2005 in apparent violation of House ethics rules. Prosecutors could use the omission as evidence that Renzi intended to conceal a transaction he knew to be controversial or even improper.
The $200,000 was a payment from James Sandlin to settle a debt related to a previous business transaction involving land in northeast Arizona, one of the lawmakerâs attorneys, Grant Woods, told a newspaper last week.
This explanation might have been expected to dispel suspicion that Sandlin gave Renzi an illegal gift in exchange for action Renzi took to help Sandlin sell a $4 million parcel of land.
But Renziâs claim that Sandlinâs $200,000 payment was a legitimate business transaction is weakened by the fact that he failed to disclose it in his personal financial disclosure report for 2005 filed with the House clerk.