A Congressman's Mansion

http://www.futureofcapitalism.com/2010/07/a-congressmans-mansion

A Democratic Congressman from Queens, Gregory Meeks, lives in a 6,000-square-foot house in Queens paid for with four different loans, including one $40,000 loan in January 2007, the Daily News reports:

in January 2007, Meeks borrowed $40,000 from Queens businessman Ed Ahmad. Sources have told the Daily News that Meeks used the money from Ahmad to help pay for the house.

Meeks acknowledged to The News last month that he had failed to report the loan from Ahmad on his 2007 and 2008 annual financial disclosure forms.

He didn't make any payments on the loan until last month - after the FBI questioned Ahmad about the arrangement.

Where does a non-congressman go to find one of these no-payment home loans?

by Editor  |  Jul 13, 2010 at 10:54 am Related Topics:  Housing, New York, Politics receive the latest by email: subscribe to the free futureofcapitalism.com mailing list