personalized jerseys nhl Alan Grayson Claims OCE Report Is Witch Hunt
Contact Us,The Office of Congressional Ethics dropped its report about Rep. Alan Grayson today, and it shows there’s “substantial reason to believe” Grayson broke the law and ran afoul of House ethics rules while he ran a small hedge fund.
Grayson’s campaign has shot back by calling the investigation a “politically motivated” witch hunt akin to Republicans’ probe into Hillary Clinton’s actions during the attack on Benghazi.
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In fact, Grayson responded to the OCE’s findings by demanding an ethics investigation into the OCE itself. Senate race to replace Marco Rubio. The Democratic establishment, including President Obama and Vice President Joe Biden, have largely rallied around and endorsed his competitor, Rep. Patrick Murphy, a moderate from the Palm Beach area.
At the heart of the investigation is a relatively small hedge fund, once known as the Grayson Fund and now known as the Sybilline Fund. Grayson originally served in Congress for a single term between 2008 and 2010. He was defeated for re election but was elected again in 2012.
It was during that gap that he began the campaign. It was launched to manage the wealth of Grayson and his family. Though, at one point, two of Grayson’s longtime personal friends were also investors. Two other people were also briefly minor investors. Worth $16 million, the fund is relatively small by most hedge fund standards.
The OCE report states it believes Grayson ran afoul of the law by using his name on the fund while still a member of Congress and by receiving fees for professional services from the fund after he returned to the House in 2012. The report also believes evidence suggests that Grayson’s congressional staffer may have used official resources to work for the fund and that Grayson may not have included information related to the fund in his annual financial disclosure statements.
You can read the full report here.
However, the report’s findings do not automatically lead to punishment. The OCE will continue to investigate the matter, but notably, a separate investigative subcommittee was not established.
“The Ethics Committee decision against establishing an investigative subcommittee is highly significant, because in every single case where the Ethics Committee has issued a formal sanction (expulsion, censure or reprimand) against a member of Congress based on an OCE referral, it has done so only after establishing an investigative subcommittee,” Grayson wrote in a response to today’s news issued to supporters.