HomeNews

Rep. Weller keeps wife's finances unknown

Font Size:
Default font size
Larger font size

WASHINGTON - Members of Illinois' congressional delegation claim assets and liabilities from $5,000 in lottery winnings to $15,000 in credit card debt and blind trusts worth millions in their latest financial disclosure statements.

But Rep. Jerry Weller, the Morris Republican who is married to a senator in Guatemala's Congress, says the public does not have the right to know about his wife's money.

House members are required to disclose the finances of their spouses, who often work and have investments of their own. But Weller, who announced in September that he will not seek an eighth term, has claimed an exemption for Zury Rios Sosa, the daughter of a former Guatemalan dictator who acts as her father's political adviser.

Weller says he is not required to give any such information because he does not have any knowledge of his wife's finances, does not expect to benefit from them and does not contribute to them.

He also said in a letter last week to the House Committee on Standards and Official Conduct that he won't ask his wife about her money.

"I derive my income solely from my income from my salary and those assets I personally control," Weller wrote, the second year he claimed an exemption for his wife. "I do not use assets held by my wife to support or otherwise augment my own income. In addition, I will not inherit any of my wife's assets."

Weller married Rios Sosa in 2004 and they have a child. In announcing, he would not seek re-election, Weller, a member of the powerful House Ways and Means Committee, said he needed to give his family the time needed to be "a full-time dad and full-time husband."

The watchdog group Citizens for Responsibility and Ethics has labeled Weller one of Congress' "most corrupt" members, following questions about land deals in Nicaragua. He has not been charged with any wrongdoing.

Weller said he decided not to report his wife's finances after seeking advice from the House Ethics Committee and his personal attorney, Jan Baran, one of Washington's best-known and respected lawyers specializing on campaign finance and ethics issues.

The only clue about Weller's wife's resources is an indication that she earns more than $1,000 a year as a Guatemalan lawmaker on Weller's financial disclosure report for 2007, released with other lawmakers' reports Monday.

Weller also said his investment property in Nicaragua had a year-end asset value of $500,001 to $1 million, with $50,001 to $100,000 in income, including the sale of two lots in early 2007.

Among Weller's liabilities was a line of credit/personal loan from the Grundy National Bank in Morris totaling $100,001 to $250,000; a line of credit from Lafise in Miami, Fla., totaling $50,001-$100,000; and a home equity line of $15,001 to $50,000 from the First Community Bank of Joliet, and hundreds of thousands of dollars in mortgages and $65,000 to $150,000 in revolving charge accounts.

Among the other reports from Illinois House members and their spouses:

-Democratic Rep. Danny Davis of Chicago, who claimed $5,000 in lottery winnings, had his campaign fund pay his wife a salary of $13,000. She also received a state pension of $35,973.24, Social Security of $12,362.30 and withdrew $12,000 from an annuity.

-Robert Creamer, the husband of Democratic Rep. Jan Schakowsky of Evanston, had credit card debt of at least $15,000 and possibly as much as much as $50,000 during 2007.

-Rep. Dan Lipinski's wife, an actuary, worked for Coventry Health Care and had 401k Coventry stock worth between $50,001 and $100,000, and Coventry Healthcare stock worth $15,001 to $50,000 as of last Dec. 31. The congressman said his wife makes a biweekly contribution of between $1,001 to $15,000 to the 401K Coventry stock account.

-The wife of retiring GOP Rep. Ray LaHood worked for Goodwill Industries of Central Illinois and she had $1,001 to $15,000 in a Goodwill Industries 401K retirement fund as well as $15,001 to $50,000 in a National City Retirement Plan, $15,001 to $50,000 in a National City Savings & Investment Plan and $100,001 to $250,000 in a TIAA-CREF Retirement Plan. She also had at least $10,001 to $15,000 in credit card debt with National City Bank of Peoria and a personal loan of $15,001 to $50,000 from Heritage Bank of Peoria.

-The wife of Democratic Rep. Jerry Costello of Belleville has more than $100,000 in various investments, including multiple purchases totaling $100,001 to $250,000 of Bank Deposit Sweep Option Money Market FD-IRA. He reported she makes at least $1,000 annually with the St. Clair County Board of Education.

-Democratic Rep. Melissa Bean's husband received $130,000 salary as president of Search Resources.

-The husband of GOP Rep. Judy Biggert of Hinsdale worked for Human Resources Advocates LLC and has stocks and other investments ranging from Alberto Culver to Walgreen's that are worth in the millions, including $500,001 to $1 million worth of Walgreen Co. stock.

-The wife of GOP Rep. Mark Kirk - listed as having a "U.S. Government salary" - received $5,001 to $15,000 in dividends/capital gains from Newfield Bank, where she had year-end assets of $100,001 to $250,000.

-The wife of GOP Rep. John Shimkus had a salary of $7,121.60 at Holy Cross Lutheran Church and $2,176.25 from the Good Shepherd Lutheran Church, both in Collinsville.

-Rep. Rahm Emanuel, the Chicagoan who is chairman of the House Democratic Conference, has millions in blind trusts for his children, and his wife listed numerous other investments.

Print Email

Sponsored Links

 
Sponsored by: