We must aggressively pursue an agenda of opportunity. — Rep. Tom Reed
On May 15, 2012, Tom Reed filed his first Financial Disclosure Statement for 2011. A year later, on May 15, 2013, apparently in response to a demand from the House Ethics Committee, he filed an amended report. Here is the data from these and two subsequent reports:
| Schedule III — Assets and Unearned Income | 2011, filed 5/15/12 | 2011 amended, 5/15/13 | 2012 filed 5/15/13 | 2013 filed 5/12/14 | |
| M&T Bank | 15 to 50 | ditto | 1 to 15 | ditto | |
| First Heritage | 1 to 15 | ditto | ditto | ||
| Baty St. Elmira, NY Real Estate | 50 to 100 | ditto | ditto | None, sold | |
| NYS Retirement | None | ||||
| Long Branch Road Real Estate | None | 1 to 15 | ditto | ditto | |
| Life Insurance, NW | 1 to 15 | ditto | 15 to 50 | ditto | |
| Life Insurance, Guardian | 1 to 15 | ditto | ditto | ditto | |
| *Fritz-Klee holdings, LLC | None | None, closed | |||
| *Fritz-Klee Realty, LLC | None | None, closed | |||
| *Bending River Estates, LLC | 1 to 15 | Sold | |||
| Law office of Thomas W. Reed II, PLLC | 50 to 100 | ditto | ditto | None | |
| *Monkey Run Realty, LLC | None | None, closed | |||
| Mineral Rights Land Tuscarora, NY | None | None | None | None | |
| R&R Properties | 100 to 250 | 100 to 250, partial owner of family owned business | 100 to 250 | ditto | |
| R&R Resource Recovery | 250 to 500 | 100 to 250, partial owner of family owned business | 100 to 250 | ditto | |
| IRA—Cadaret Grant | 1 to 15 | ditto | ditto |
Notes:
- Values in thousands
- *–marks closed and wound down business
In addition to the list of his assets, the amended report for 2011 added a list of transactions which was not included in the original report.
| Schedule IV — Transactions | 2011 | 2011 Amended | |||
| Bending River Estates, LLC | Sold, 15 to 50 | ||||
| R&R Properties, LLC | Purchase, 50 to 100 | ||||
| R&R Resources, LLC | Purchase, 100 to 250 |
Notes:
- Values in thousands
So what was the difference between the original 2011 report filed May 15, 2012 and the amended report filed a year later? The most significant difference is the addition of Schedule IV–Transactions, which shows the purchase of partial ownership in two “family owned” businesses. This may reflect a “wash sale”–the sale and subsequent repurchase of property for legal reasons. The whole business remains unclear.
Tom’s 2012 report filed in 2013 is much the same as the amended 2011 report filed at the same time. The 2013 report filed in 2014 disclaims any remaining interest in the Reed Law Firm, R&R Resource Recovery, and R&R Properties. It appears that Tom’s share is now held by other family members.
Tom’s 2013 report seems contradictory. One reads:
- (Partial Owner) Family Owned Real Estate Business; Real Estate Property Holdings- Tioga Avenue Corning, NY Estimated Value–$250,000
- (Partial Owner) Family Owned Business Providing Account and Creditor Management Services; Real Estate owned- First Street Corning, NY; Church Street Elmira, NY. Estimated Value– $250,000
- Former Member R and R Properties, LLC
- Former Member R and R Resource Recovery, LLC
Perhaps Tom can be a “partial owner” and a “former member” at the same time.
© William Hungerford – July 2014
May 15, 2012–Tom files his report for 2011
May 16, 2012–Tom files an amendment adding his trips to Taiwan and Korea
March 8, 2013–Tom applies to the Ethics Committee for a delay in filing an amendment to his 2011 report.
May 15, 2013–Tom files an amendment for 2011
Interesting that he needed more time to file an amendment, the same way he always appears to need more time to pay his personal taxes. What is it with this guy and money? For someone who pursues money the way this guy does, he surely doesn’t seem to be able to handle it very well.
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