Wednesday, May 17, 2006

Congressman's Condo Deal Is Examined - New York Times

Congressman's Condo Deal Is Examined - New York Times: "Still, Mr. Jarvis, Mr. Mollohan and their wives enjoyed a lucrative real estate partnership managing condominium rentals at the Remington, a 52-unit building that bills itself as 'Washington's best kept secret.' The couples own 27 Remington condos, which have more than tripled in value, to $8 million, over the decade.
Mr. Mollohan stepped down last month as the top Democrat on the House ethics committee amid an F.B.I. investigation into his personal finances and his handling of special federal appropriations known as earmarks. The Federal Bureau of Investigation has subpoenaed papers from the Remington partnership.
The inquiry was prompted by a 500-page complaint from a conservative Washington group accusing Mr. Mollohan of failing to properly report the Remington investment and questioning whether his relationship with Mr. Jarvis — whose lengthy list of creditors included the congressman's father and the federal government — was appropriate."

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