I live in the 13th Congressional District in Florida. This is a fairly strong republican area with 22,000 more registered repubs than dems. We are fielding a candidate Christine Jennings and think this race could become competitive. Huge news just came out today about Vern Buchanan the Republican Congressional candidate. Apparently he has orchestrated a real estate transaction that may constitute tax fraud. If this plays out I think we may have a strong chance of taking this seat in the general election.
I live in the 13th Congressional District in Florida. This is a fairly strong republican area with 22,000 more registered repubs than dems. We are fielding a candidate Christine Jennings and think this race could become competitive. Huge news just came out today about Vern Buchanan the Republican Congressional candidate. Apparently he has orchestrated a real estate transaction that may constitute tax fraud. If this plays out I think we may have a strong chance of taking this seat in the general election.
[Five years ago, congressional candidate Vern Buchanan settled a lawsuit he filed against developers of Sarasota's Ritz-Carlton Hotel for $1.35 million.
Instead of a cash payment, Buchanan and Ritz co-developer Robert Buford worked out a real estate deal in which Buchanan bought a penthouse apartment from a member of Buford's family for $5 million, held it for just more than a year and sold it back to another member of Buford's family for $6.35 million. . . .
"When a transaction is concocted to avoid tax, when it is not at arm's length, when no normal person would have paid $5 million for a property and no normal person would have paid $6.35 million to buy it back, that's a transaction the IRS would be extremely interested in," said Rick Lanese, a tax accountant in Sun City Center.
"The IRS investigates these sort of cases all the time."]
Read the article here http://www.heraldtribune.com/...
Huge news and I would love to see it get picked up on the blogs.