How Did Harry Reid Get Rich?

Harry Reid SC How Did Harry Reid Get Rich?

Try this thought experiment. Imagine that someone grows up in poverty, works his way through law school by holding the night shift as a Capitol Hill policeman, and spends all but two years of his career as a public servant. Now imagine that this person’s current salary — and he’s at the top of his game — is $193,400. You probably wouldn’t expect him to have millions in stocks, bonds, and real estate.

But, surprise, he does, if he’s our Senate majority leader, whose net worth is between 3 and 10 million dollars, according to OpenSecrets.org. When Harry Reid entered the Nevada legislature in 1982, his net worth was listed as between $1 million and $1.5 million “or more,” according to the Las Vegas Review-Journal. So, since inquiring minds inquire, let’s try to figure out how Reid’s career in public service ended up being so lucrative. He hasn’t released his tax returns, which makes this an imperfect science, but looking at a few of his investments helps to show how he amassed his wealth.

In 2004, the senator made $700,000 off a land deal that was, to say the least, unorthodox. It started in 1998 when he bought a parcel of land with attorney Jay Brown, a close friend whose name has surfaced multiple times in organized-crime investigations and whom one retired FBI agent described as “always a person of interest.” Three years after the purchase, Reid transferred his portion of the property to Patrick Lane LLC, a holding company Brown controlled. But Reid kept putting the property on his financial disclosures, and when the company sold it in 2004, he profited from the deal — a deal on land that he didn’t technically own and that had nearly tripled in value in six years.

Read More at National Review. By Betsy Woodruff.

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Comments

  1. Are the people of Arizona that mentally incompetent or corrupt (or both) to keep voting for this scum bag? Harry Reid is the most sleezy member of congress, which is some pretty tough competition. He is a total waste of oxygen.

  2. Hey, at least the mob likes him.

  3. Edwardkoziol says:

    Dingy Harry Reid came into politics a so-called pauper and will leave a multi millionaire alongwith his son.This evil little dwarf has imaginary friends who tell him about Romney not paying taxes but nobody tells how the dwarf got rich in land deals with the mob using his political advantage to get these sweetheart deals.I guess the mormon religion teaches you to lie lie Obuttholes muslim religion does.

    • Disgusted says:

      Hey Ed, dwarf is not “politically correct”! ha ha ha ha!!!! But, as you must know by now, I am anything BUT PO! I like the dwarf description, and I’ll take it farther, he is not only a dwarf in stature, but he is also a mental dwarf, mentally dwarfed by those whose minds are a lot bigger and have more grey matter to work with. All he “knows”, is what “someone told him”. That ain’t saying much is it? he is a pimple on the ass of Nevada, and a big boil on the butt of our nation. I guess you could say he is a huge, ginormous boil, along with the cancer Obutthole, Oblowjob, who has infected our nation with his brand of cancer in the minds of the dimwitted and “slow” minded Americans who are infected and either don’t realize it, or don’t really care that they are dying of lack of intelligence. I guess some “forms of cancer” are contagious. The Cancer in the White House is definately contagious. harry dimwit reid is only a symptom of this disease, for the whole bunch of criminal element there are spreading this filthy disease at the rate of wild fires.

  4. HARRY REID IS A NUT CASE, AND A DISGRACE AS A LEADER IN THE SENATE. HE IS A WASTE OF GOOD AIR.

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