One would think that getting a personal loans isn’t typically an easy thing to forget. New York congressman Gregory Meeks from Queens, nevertheless, evidently just “forgot” a lot more than $ 55,000 in personel loans. As a senior member of the House Financial Services Committee, Meeks is one of the senior representatives from New York.
What Gregory Meeks considers an “oversight”
Last Sunday, the New York Daily News broke the story that Gregory Meeks had two cash personal loan that he “forgot” to list on financial disclosures. In a statement to the Daily News, Meeks admitted that these loans existed, but did not reveal any other info about them. This $ 55,000 was given to Meeks in two loans – $ 40,000 and $ 15,000 in 2007 and 2008. Both of these loans were listed as “personal secured loans.” A Queens-area businessman also has one loan to Meeks that is worth “between $ 50,000 to $ 100,000.
Requirements of financial disclosure
The financial situation of U.S. House members must be disclosed once a year. Due halfway through May each year, these disclosure statements consist of incomes, assets, and liabilities. Because his disclosure was sent in months late, the 2009 disclosure from Gregory Meeks was questioned. Meeks claims that a very complete overview was the reason it was late. Technically, these disclosures are designed to be public, though the House Clerk and Secretary of State, with whom they must be filed, don’t post these disclosures online.
Charges within the future for Gregory Meeks?
This $ 55,000 oversight could very easily lead to official disciplinary action for Gregory Meeks. House Rule XXVI states that Gregory Meeks could be charged with a violation of the ethics code . The constituents of Gregory Meeks’ district could take legal action against him as well. Most likely, nevertheless, Meeks will not face charges unless you will find improprieties within the administration of these “small” cash loans. It will be up to the voters to decide within the next election whether Gregory Meeks should face consequences or not.
