Search
  • FACT

Ethics Watchdog Calls for Probe into Rep. Maloney for Financial Reporting Violations

Evidence Shows Rep. Maloney Violated Federal Law and House Ethics Rules

Washington, D.C.— April 14, 2021— Today, the non-partisan ethics watchdog, the Foundation for Accountability and Civic Trust (FACT), filed a complaint requesting the Office of Congressional Ethics (OCE) hold Representative Sean Patrick Maloney (NY) accountable for failing to disclose financial transactions as required by law.

Federal law and House Ethics rules require Members to disclose financial information to the public, including reports that provide a “full and complete” statement of the Member’s assets, debts, income. In addition to an annual report, a Member must file a periodic report anytime they have a financial transaction that exceeds $1,000, which must be filed a maximum of 45 days from the date of the transaction.

Recent reporting shows that Rep. Maloney failed to disclose eight stock transactions valued at $11,051. The stock trades occurred in June 2020 and were not reported until April 2021, well after the 45 day window.

“Not disclosing stock transactions violates the law, and his office describing it as ‘routine' shows a complete disregard for the ethics rules. This is an important and well-known law and is the only way for citizens to assess whether a Member has a conflict of interest or is personally benefiting from official action. The OCE should hold Rep. Maloney accountable for his failure to file timely and accurate financial disclosures as required by law and impose the proper penalties,” said Kendra Arnold, Executive Director of FACT.

A full copy of the complaint can be found by clicking HERE

FACT is a nonprofit organization dedicated to promoting accountability, ethics, and transparency in government and civic arenas.  For more on FACT, visit: http://www.factdc.org/

###

9 views0 comments

Sign up for Email Updates

Connect with Us
  • Wix Facebook page
  • Wix Twitter page
  • YouTube Social  Icon

The Foundation for Accountability & Civic Trust

1717 K Street NW - Suite 900 - Washington D.C. - 20006

(202) 787-5860

The Foundation for Accountability & Civic Trust (FACT) is a nonprofit 501(c)(3) organization dedicated to promoting accountability, ethics, and transparency in government and civic arenas by hanging a lantern over public officials who put their own interests over the interests of the public good. 

© 2020 FACTDC - All Rights Reserved
Website by FACTDC.org