Tags: NLPC | Reacts | Rep. | Mollohan | Resignation | from | Ethics

NLPC Reacts to Rep. Mollohan Resignation from Ethics Committee

Saturday, 22 April 2006 12:00 AM

WASHINGTON -- Ken Boehm, chairman of the National Legal and Policy Center (NLPC), on Friday reacted to the resignation of Rep. Allan Mollohan (D-W.V.) as the ranking member of his party on the House Ethics Committee:

"If Mollohan should resign from any committee, it should be the Appropriations Committee.

"Mollohan's resignation from the ethics committee is far less important than him telling the truth about his finances and amending his financial disclosure reports.

"Mollohan getting off the ethics committee does not relieve him of the responsibility of answering all the questions about his finances, including the dramatic increase in the value of the 27 condo units in a Washington, D.C., building called the Remington.

"Mollohan claims that the increase in his holdings was 'easily explained,' stating, 'It is substantially due to the surge in real estate values in recent years, particularly in the District of Columbia.'

"Here's the math: Mollohan's interest in The Remington was valued by him to be worth between $2,002 and $30,000 in the year 2000. His Financial Disclosure Report for 2004 valued the same asset at being worth $2,000,002 to $10,000,000. To give Rep. Mollohan the benefit of the doubt and calculate the lowest possible increase in value, you take the highest figure in the year 2000 range ($30,000) and the lowest possible figure in the 2004 range ($2,000,002).

"The percentage increase between those two figures is an astounding 6,566 percent. The kind of increase in value Rep. Mollohan is claiming for his Remington asset does not even remotely resemble the D.C. real estate market in recent years."

The NLPC filed a Complaint confidentially with the U.S. Attorney in the District of Columbia on February 28 detailing over 250 omissions and misrepresentations on Mollohan's Financial Disclosure Forms. The Wall Street Journal and the New York Times published front-page stories on April 7 and April 8 respectively. The New York Times, Washington Post, USA Today and newspapers in West Virginia editorialized that Mollohan should step down from the ethics committee.

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WASHINGTON -- Ken Boehm, chairman of the National Legal and Policy Center (NLPC), on Friday reacted to the resignation of Rep. Allan Mollohan (D-W.V.) as the ranking member of his party on the House Ethics Committee: "If Mollohan should resign from any committee, it...
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2006-00-22
Saturday, 22 April 2006 12:00 AM
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