WASHINGTON (AP) - Senate Democratic leader Harry Reid collected a $1.1 million windfall on a Las Vegas land sale even though he hadn't personally owned the property for three years, property deeds show.
In the process, Reid did not disclose to Congress an earlier sale in which he transferred his land to a company created by a friend and took a financial stake in that company, according to records and interviews.
The Nevada Democrat's deal was engineered by Jay Brown, a longtime friend and former casino lawyer whose name surfaced in a major political bribery trial this summer and in other prior organized crime investigations. He's never been charged with wrongdoing - except for a 1981 federal securities complaint that was settled out of court.
Reid hung up the phone when questioned about the deal during an AP interview last week.
Reliapundit adds: Maybe this scandal has legs, Jim... the Captain has more, too; (hat tip evil Glenn.) And POWER LINE thinks it's a big deal, too. UPDATE: GATEWAY PUNDIT HAS THE GOODS AND THE TAPE!