Sen. Bob Corker (R-Tenn.) had not properly disclosed millions of dollars in investments since taking office in 2007, The Wall Street Journal reports. After WSJ reached out to him about his disclosures, he filed new forms Friday. Here's what the new reports revealed:
The new forms show that Mr. Corker had failed to properly disclose at least $2 million in income from investments in three small hedge funds based in his home state. He also didn't properly report millions of dollars in income from commercial real-estate investments due to an accounting error. And he didn't disclose millions of dollars in other assets and income from other financial transactions. [The Wall Street Journal]
There's no penalty for legislators who file corrections to these reports — and many do, though WSJ notes that Corker amending years of reports at once is not a common practice.
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