Updated 09/15/2008 04:23 PM
New Errors Uncovered In Rangel's Financial Disclosures
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There was word Monday that lawyers and accountants for New York Congressman Charles Rangel have uncovered new errors in his personal financial disclosures.
In response, the congressman said he's hired an independent accounting expert to investigate his own records.
The chairman of the House Ways and Means Committee has already admitted he failed to properly report income from property in the Dominican Republic, leading to several thousand dollars in back taxes.
This weekend, lawyers and accountants looking through Rangel's records found errors in his annual personal financial disclosures to Congress. They include a failure to mention the sale of a home in Washington, D.C., as well as fluctuating values for a Florida property he owns, and strange fluctuations from one report to the next in his investment funds.
Rangel says he's now hired a forensic accounting expert to look through his finances and then report directly to the House Ethics Committee.
The Congressman's lawyer says Rangel believes he has nothing to hide. Still, the controversy has given fuel to critics who say the congressman should lose his chairmanship of the Ways and Means Committee – a body that helps to set the federal tax code.