Ted’s Condo Revealed!

15 08 2008

 

Remember when Don Young falsely  claimed to have won the Hero of the Taxpayer Award from Taxpayers for Common Sense?

Well the actual Watchdog Group who would presumably never in a million years give any kind of award to the likes of Don Young, did some excellent digging on another member of Alaska’s congressional delegation.  Utilizing the wonders of Google Earth, we can now get a peek at the latest piece of controversial real estate in Ted Stevens’ closet. 

Not the chalet in Girdwood this time, but a luxury seaside condo on the Gold Coast of Florida. Prosecutors have now alleged that Stevens bought and flipped a $5000 investment in this condo for a cool $129,250 profit.

Federal prosecutors filed a new motion late yesterday that alleges that between 2001 and 2003, Sen. Stevens had been “intimately involved in a Florida real estate transaction” with an unknown individual who the prosecutors describe as a “personal friend.” After an initial investment of a mere $5,000, the prosecutors allege that  “Stevens’ friend sold his real estate interest only six months later, with an eventual gross profit to Stevens of more than $100,000.” Stevens’ own 2003 disclosure reports put the exact profit from the transaction at $129,250.  To assist in purchasing the property, Senator Stevens’ friend provided him with $31,000, interest-free for the initial downpayment on the garden apartment at Carroll Walk Condominiums in Bay Harbor, Florida.  Also despite the fact that he knowingly carried the debt for more than 10 months, Sen. Stevens did not report the loan as a liability on his Senate financial disclosure forms.

Sure pays to have ‘personal friends’.  Nice digs.  Hey….is that?…..look at the picture…yes…yes….I think…is that a little Viking barbeque  grill on the deck?

 


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