U.S. Rep. DEMOCRAT Laura Richardson – 6 time loan defaulter now subject to ethics investigations

U.S. Rep. Democrat Laura Richardson from California bought the house in the tree-lined upper-middle-class Curtis Park neighborhood for $535,000 in early 2007 after she was elected to the Assembly. She already owned two houses, one in her Long Beach district and the other in San Pedro. She has defaulted six times on both homes. You will noticed from the L.A. Times story summary bellow that they somehow leave out the fact of her party affiliation:

U.S. Rep. Laura Richardson’s rundown Sacramento house, which became the scourge of the neighborhood and a sore point with an investor who thought he had bought it out of foreclosure, has drawn the interest of a House ethics panel.

The Office of Congressional Ethics contacted real estate investor James York, who bought Richardson’s house at a foreclosure auction last year, only to have Washington Mutual take it back after he had recorded the deed and return the house to the congresswoman.

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July 29, 2009 · Filed Under California, congress, Corruption, Democrats


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