The Associated Press reported in 2006 that Senator Reid received $1.1 million on land sold even though he hadn’t owned it in three years. The land deal was organized by Jay Brown, Reid friend and figure in a major bribery trial. In 2001 he sold the land for the same price to a corporation owned by Brown but failed to disclose it on his annual public ethics report or notify Congress of his interest in the company.
(Associated Press, 10/11/06, “Democrat leader reaped $1.1 million from sale of land he didn’t own.” http://www.usatoday.com/news/washington/2006-10-11-reid_x.htm )