Another Congressman with a Sweetheart Real Estate Deal:


Rep. Jim Ryun (R-KS) received a sweetheart real estate deal when he purchased the “safe house” owned by the Tom DeLay (R-TX) and Abramoff connected U.S. Family Network, according to TPM Muckraker’s Paul Kiel. The house located in Capitol Hill was purchased by the U.S. Family Network for $429,000 in 1999. It was sold in 2000 to Ryun for $410,000, a $19,000 loss for the USFN., a real estate search engine, lists the current tax assessed value of the house at $660,850. Kiel writes, “Naomi Seligman of CREW told that Ryun’s house deal should prompt a House Ethics Committee investigation. ‘Who else in America has lost money on a real estate transaction except [Cunningham contractor felon] Mitchell Wade?’” The U.S. Family Network is currently under investigation for illegal activities related to the investigation of Jack Abramoff.