Politics
Rep. Charles Rangel’s ongoing ethics probe is taking a serious toll – on his campaign war chest.
In the last three months of 2009 alone, Rangel shelled out $574,348 on lawyers, according to his latest federal election filings. That’s 84% of his total campaign spending during the same period.
Ever since Rangel ran afoul of several ethical rules last year – from unreported income on a Dominican Republic villa to using office letterhead to raise money – his five teams of lawyers have chewed through campaign cash faster than Rangel can raise it.
During all of 2009, Rangel raised about $1.3 million, but spent more than $1.5 million on lawyers out of the $2.2 million he spent in total. Continue reading →
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