 Jim Moran Has No Assets And A Negative Net Worth After 13 Years Of Earning More Than 95 Percent Of All Americans |
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Do You Want Him Influencing How The Government Spends Your Tax Money In Virginia?
Jim Moran claimed that he had no assets to report in his most-recent personal financial statement to the House Committee on Standards of Official Conduct.
Moran did not get around to filing his personal financial statement until June 2003, a month after the deadline. A few days later Forbes magazine came out with its rankings of the richest and poorest U.S. congressmen. Here is what the Associated Press had to say about the Forbes survey in a 6/19/03 story:
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"U.S. Rep. J. Randy Forbes listed the most assets of any [Virginia] member of the U.S. House of Representatives...On the other end of the scale, U.S. Rep. James P. Moran's filing reported no assets but liabilities of at least $50,000 and as high as $100,000 owed to a law firm...
Moran filed his report on Tuesday -- nearly one month after receiving an extension from the House Committee on Standards of Official Conduct. It lacked a report detailing his assets.
``That means he has none to report,'' said Moran's press secretary, Dan Drummond. ``We complied completely with the law and the rules.''
Moran's debt to The Lewis Law Firm are fees for representing him in a bitter divorce. Moran, D-8th District, reported a line of credit through the Wright Patman Federal Credit Union ranging from $15,001 to $50,000 and a revolving charge with a credit line of $10,001 to $15,000. He also reported stock losses of nearly $5,000."
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