Thursday, September 07, 2006

Feds probe New Jersey Senator Menendez.

Nation: It's a New Jersey politician, I am shocked it took this long to find out he is under the eye of the Feds.

A federal investigation has been launched into the financial dealings of New Jersey Sen. Robert Menendez and a nonprofit agency he has helped over the years, sources said. The U.S. attorney's office has subpoened the agency's records pertaining to a house once owned by then-congressman Menendez, sources told NewsChannel 4's Brian Thompson. Menendez, a Democrat, has denied there was anything wrong with his renting the house to the North Hudson Community Action Corp. for more than $3,000 a month, even as he was working to obtain millions of dollars in federal grant money while he was a congressman. Also Thursday, a Republican state lawmaker alleged that Menendez violated ethics rules by trying to block a merger involving a company in which he holds stock. State Sen. Diane Allen, R-Burlington, said she planned to file a complaint with the Senate Ethics Committee early next week. Menendez served in the House for 14 years before being appointed in January by Gov. Jon Corzine to serve out the remaining year of his Senate term. Menendez is locked in a close race with Republican state Sen. Tom Kean Jr. Both campaigns have traded ethics charges. Allen alleges that in 2003, Menendez sponsored legislation to ban media mergers he said would create monopolies in Spanish language broadcasting. Allen alleges Menendez wanted the merger to fail because his stock would have gone down. The merger ultimately went through.

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