Image

7:43 PM / Tuesday April 13, 2021

8 Aug 2010

Rep. Maxine Waters may face ethics trial this fall

  • Facebook
  • Twitter
August 8, 2010 Category: Week In Review Posted by:

By Larry Margasak

Associated Press

 

Image

WASHINGTON — A second House Democrat, Rep. Maxine Waters of California, could face an ethics trial this fall, further complicating the election outlook for the party as it battles to retain its majority.

 

People familiar with the investigation who were not authorized to be quoted about charges before they are made public, say the allegations could be announced next week. The House ethics committee declined Friday to make any public statement on the matter.

 

Waters, 71, has been under investigation for a possible conflict of interest involving a bank that was seeking federal aid. Her husband owned stock in the bank and had served on its board.

 

New York Democrat Rep. Charles Rangel also faces an ethics trial this fall on charges that include failure to disclose assets and income, nonpayment of taxes and doing legislative favors for donors to a college center named after him.

 

Both Waters and Rangel are prominent members of the Congressional Black Caucus and the trials would be an embarrassment for the group. Dual ethics trials would also be a major political liability for Democrats, forcing them to defend their party’s ethical conduct while trying to hold on to their House majority.

 

While Rangel is a former chairman of the tax-writing House Ways and Means Committee, Waters is a prominent member of the House Financial Services Committee.

 

Waters came under scrutiny after former Treasury Department officials said she helped arrange a meeting between regulators and executives at Boston-based OneUnited Bank without mentioning her husband’s financial ties to the institution.

 

Her husband, Sidney Williams, held at least $250,000 in the bank’s stock and previously had served on its board. Waters’ spokesman has said Williams was no longer on the board when the meeting was arranged.

 

Waters has said the National Bankers Association, a trade group, requested the meeting. She defended her role in assisting minority-owned banks in the midst of the nation’s financial meltdown and dismissed suggestions she used her influence to steer government aid to the bank.

 

“I am confident that as the investigation moves forward the panel will discover that there are no facts to support allegations that I have acted improperly,” Waters said in a prior statement.

 

The committee unanimously voted to establish an investigative subcommittee to gather evidence and determine whether Waters violated standards of conduct.

 

Waters, like Rangel, could settle her case by arranging a plea bargain with the ethics committee. So far she has decided instead to fight.

  • Facebook
  • Twitter

Leave a Comment

Recent News

Color Of Money

The Business Corner: Nbeauty hair salon continues to grow during the pandemic

April 9, 2021

Tweet Share Pin Email By Teresa Lundy For this edition of The Business Corner, I interviewed Naeemah...

Go With The-Flo

Tsebiyah Derry is slaying music streaming platforms with her new love ballad, “Coastline”

April 9, 2021

Tweet Share Pin Email ABOVE PHOTO: Tsebiyah Derry By Florence Anthony According to reports, fans of DMX’s...

Seniors

Be a stroke hero – how to identify the signs of stroke and why you should act fast

April 9, 2021

Tweet Share Pin Email BPT The sudden onset of stroke symptoms can happen to anyone at any...

Technology

Details from more than 500 million Facebook users found available on a website for hackers

April 4, 2021

Tweet Share Pin Email NEW YORK (AP) — Details from more than 500 million Facebook users have...

Commentary

Alawfultruth: The caste system within

April 9, 2021

Tweet Share Pin Email In the United States, Black and brown people are usually placed into the...

Horoscopes

SUNscopes for the week of April 11, 2021

April 9, 2021

Tweet Share Pin Email All Signs: This week the Sun and Mercury are dancing with lucky moneybags...

The Philadelphia Sunday Sun Staff