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An ethics panel gave Rep. Greg Meeks out of New York a bit of trouble for an ill-advised loan he received from a real estate broker.  According to the panel, Meeks failed to report the transaction, which led to the inquiry.  But fear not, it appears that Meeks isn’t going to get any problems from the panel, as they’ve determined that he’s done nothing wrong.  All he has to do now is hurry up and make things right. Rep. Gregory Meeks, D-NY., failed to disclose a $40,000 loan from a real estate broker on his financial disclosure reports but there’s no credible evidence that the errors were knowing or willful, the House Ethics Committee concluded Thursday. The committee declined to punish the eight-term congressman, noting that he corrected the errors and omissions in 2010, reporting the liability that should have been on his annual reports from 2007 through 2009. The decision not to discipline Meeks was similar to findings in other cases in which a House member corrected errors and omissions that were not in bad faith. The committee also said the evidence did not establish that the loan from Queens real estate broker Edul Ahmad was an impermissible gift. Meeks has contended the loan terms were in writing but has been unable to produce the loan document, saying he misplaced it. The committee found Meeks repaid the loan in June 2010 and the congressman stated the interest rate was 12.5 percent. READ MORE

Rep. Greg Meeks Gets Some Trouble Over a Loan from a Real Estate Broker

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An ethics panel gave Rep. Greg Meeks out of New York a bit of trouble for an ill-advised loan he received from a real estate broker.  According to the panel, Meeks failed to report the transaction, which led to the inquiry.  But fear not, it appears that Meeks isn’t going to get any problems from the panel, as they’ve determined that he’s done nothing wrong.  All he has to do now is hurry up and make things right.

Rep. Gregory Meeks, D-NY., failed to disclose a $40,000 loan from a real estate broker on his financial disclosure reports but there’s no credible evidence that the errors were knowing or willful, the House Ethics Committee concluded Thursday.

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